FY2026 Earnings Estimate for Novanta Issued By William Blair

Key Points

• William Blair has revised its FY2026 earnings estimate for Novanta Inc., lowering it from $4.21 to $3.81 per share, while the current consensus estimate stands at $3.03.
• Despite the earnings downgrade, shares of Novanta were recently upgraded from a "hold" to a "buy" rating by Wall Street Zen.
• Novanta reported a quarterly EPS of $0.76, surpassing analysts' estimates, with a revenue of $241.05 million, reflecting a 2.2% year-over-year increase.

Novanta Inc. (NASDAQ:NOVT - Free Report) - Equities research analysts at William Blair dropped their FY2026 earnings estimates for Novanta in a research report issued on Tuesday, August 5th. William Blair analyst B. Drab now forecasts that the technology company will post earnings of $3.81 per share for the year, down from their prior estimate of $4.21. The consensus estimate for Novanta's current full-year earnings is $3.03 per share.

Separately, Wall Street Zen upgraded shares of Novanta from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd.

Novanta Stock Performance

NASDAQ:NOVT traded up $0.67 during trading hours on Friday, reaching $114.40. 110,363 shares of the stock were exchanged, compared to its average volume of 280,303. The stock has a market capitalization of $4.11 billion, a P/E ratio of 67.32 and a beta of 1.48. The firm has a 50 day simple moving average of $125.61 and a 200-day simple moving average of $129.44. The company has a quick ratio of 1.70, a current ratio of 2.54 and a debt-to-equity ratio of 0.57. Novanta has a 52 week low of $98.76 and a 52 week high of $186.75.

Novanta (NASDAQ:NOVT - Get Free Report) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. The business had revenue of $241.05 million for the quarter, compared to analyst estimates of $237.97 million. Novanta had a net margin of 6.41% and a return on equity of 14.70%. The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 EPS.

Hedge Funds Weigh In On Novanta

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Novanta by 1.4% during the second quarter. Geode Capital Management LLC now owns 919,666 shares of the technology company's stock valued at $118,585,000 after buying an additional 12,789 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Novanta by 27.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,747 shares of the technology company's stock valued at $483,000 after acquiring an additional 815 shares during the period. Mawer Investment Management Ltd. bought a new stake in Novanta during the 2nd quarter valued at $4,152,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Novanta by 25.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,981 shares of the technology company's stock worth $384,000 after acquiring an additional 605 shares during the period. Finally, Marco Investment Management LLC bought a new position in shares of Novanta in the second quarter worth $254,000. Institutional investors own 98.35% of the company's stock.

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.

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