Novanta (NASDAQ:NOVT) Releases FY 2025 Earnings Guidance

Novanta (NASDAQ:NOVT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 3.350-3.550 for the period, compared to the consensus estimate of 3.790. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Novanta also updated its Q1 2025 guidance to 0.630-0.710 EPS.

Novanta Trading Down 1.6 %

Shares of NASDAQ:NOVT opened at $138.30 on Tuesday. The stock has a 50 day moving average of $149.48 and a 200 day moving average of $164.96. The company has a market cap of $4.97 billion, a PE ratio of 82.81 and a beta of 1.28. The company has a current ratio of 2.79, a quick ratio of 1.81 and a debt-to-equity ratio of 0.61. Novanta has a 12-month low of $138.15 and a 12-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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.05). Novanta had a net margin of 6.52% and a return on equity of 15.20%. As a group, equities research analysts expect that Novanta will post 3.03 EPS for the current year.

Analysts Set New Price Targets

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

About Novanta

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.