Novanta (NASDAQ:NOVT) Updates FY25 Earnings Guidance

Novanta (NASDAQ:NOVT) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.35-$3.55 for the period, compared to the consensus EPS 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 Trading Up 4.8 %

NOVT traded up $6.67 during mid-day trading on Tuesday, hitting $144.97. 254,605 shares of the stock were exchanged, compared to its average volume of 211,032. The firm’s fifty day moving average is $149.48 and its two-hundred day moving average is $164.96. Novanta has a 1-year low of $137.91 and a 1-year high of $187.12. The company has a market cap of $5.21 billion, a PE ratio of 86.70 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 (NASDAQ:NOVT) last issued its quarterly earnings results on Tuesday, February 25th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.05). The business had revenue of $238.10 million for the quarter, compared to analyst estimates of $240.29 million. Novanta had a return on equity of 15.20% and a net margin of 6.52%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS. Equities analysts forecast that Novanta will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

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