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 Trading Up 2.7 %

NOVT traded up $3.97 on Wednesday, reaching $152.22. 49,650 shares of the company’s stock were exchanged, compared to its average volume of 219,433. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 91.15 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.81 and a current ratio of 2.79. Novanta has a twelve month low of $137.91 and a twelve month high of $187.12. The company’s 50 day moving average is $149.48 and its 200-day moving average is $164.96.

Novanta (NASDAQ:NOVT) last issued its earnings results on Tuesday, February 25th. The technology company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. Novanta had a net margin of 6.52% and a return on equity of 15.20%. The business had revenue of $238.10 million for the quarter, compared to the consensus estimate of $240.29 million. During the same quarter last year, the firm posted $0.63 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts predict that Novanta will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

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