Novanta (NASDAQ:NOVT) Releases FY25 Earnings Guidance

Novanta (NASDAQ:NOVT) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.35-$3.55 for the period, compared to the consensus 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.

Novanta Stock Down 1.6 %

NOVT opened at $138.30 on Tuesday. Novanta has a 1 year low of $138.15 and a 1 year high of $187.12. The firm has a 50 day moving average price of $149.48 and a 200 day moving average price of $164.96. 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 company has a market cap of $4.97 billion, a PE ratio of 82.81 and a beta of 1.28.

Novanta (NASDAQ:NOVT) last released its quarterly earnings data on Tuesday, February 25th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.05. Novanta had a net margin of 6.52% and a return on equity of 15.20%. The company 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 business earned $0.63 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Sell-side analysts expect that Novanta will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

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

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.