Novanta (NASDAQ:NOVT) Updates Q1 2025 Earnings Guidance

Novanta (NASDAQ:NOVT) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.630-0.710 for the period, compared to the consensus estimate of 0.780. The company issued revenue guidance of $232.0 million-$236.0 million, compared to the consensus revenue estimate of $244.9 million. Novanta also updated its FY 2025 guidance to 3.350-3.550 EPS.

Analyst Upgrades and Downgrades

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

Novanta Stock Up 4.5 %

NOVT traded up $6.23 on Tuesday, reaching $144.53. The company’s stock had a trading volume of 226,830 shares, compared to its average volume of 208,177. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 87.00 and a beta of 1.28. The business’s 50 day moving average is $149.48 and its 200 day moving average is $164.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.79 and a quick ratio of 1.81. Novanta has a 1 year low of $137.91 and a 1 year high of $187.12.

Novanta (NASDAQ:NOVT) last issued its earnings results on Tuesday, February 25th. The technology company reported $0.76 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%. 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 previous year, the firm earned $0.63 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. As a group, research analysts forecast that Novanta will post 3.03 EPS for the current fiscal 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.