Novanta (NASDAQ:NOVT) Issues FY25 Earnings Guidance

Novanta (NASDAQ:NOVT) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.35-$3.55 for the period, compared to the consensus earnings per share estimate of $3.79. The company issued revenue guidance of $1.0 billion, compared to the consensus revenue estimate of $1.04 billion. Novanta also updated its FY 2025 guidance to 3.350-3.550 EPS.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird decreased their target price on shares of Novanta from $175.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th.

Novanta Price Performance

Shares of NASDAQ:NOVT traded down $3.48 during trading on Thursday, reaching $145.83. The company had a trading volume of 60,628 shares, compared to its average volume of 227,834. The firm’s fifty day moving average is $148.99 and its 200 day moving average is $164.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.81 and a current ratio of 2.79. The firm has a market capitalization of $5.24 billion, a PE ratio of 87.32 and a beta of 1.28. Novanta has a twelve month low of $137.91 and a twelve month high of $187.12.

Novanta (NASDAQ:NOVT) last announced its quarterly earnings data on Tuesday, February 25th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.05. Novanta had a return on equity of 15.20% and a net margin of 6.52%. The business had revenue of $238.10 million during the quarter, compared to analyst estimates of $240.29 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, equities analysts forecast that Novanta will post 3.03 EPS for the current year.

Novanta Company Profile

Novanta, Inc engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products.