Novanta (NASDAQ:NOVT - Get Free Report) issued an update on its second quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.680-0.780 for the period, compared to the consensus earnings per share estimate of 375.000. The company issued revenue guidance of $230.0 million-$240.0 million, compared to the consensus revenue estimate of $240.7 million.
Novanta Stock Up 0.6 %
NASDAQ:NOVT traded up $0.77 on Friday, reaching $122.68. The stock had a trading volume of 256,887 shares, compared to its average volume of 204,207. The company has a 50-day moving average of $123.66 and a 200 day moving average of $145.84. The company has a current ratio of 2.79, a quick ratio of 1.81 and a debt-to-equity ratio of 0.61. The stock has a market cap of $4.41 billion, a P/E ratio of 73.46 and a beta of 1.51. Novanta has a 12-month low of $98.76 and a 12-month high of $187.12.
Novanta (NASDAQ:NOVT - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.06. Novanta had a return on equity of 15.20% and a net margin of 6.52%. The firm had revenue of $233.37 million during the quarter, compared to analyst estimates of $233.34 million. During the same quarter last year, the firm earned $0.74 EPS. Novanta's quarterly revenue was up 1.1% on a year-over-year basis. On average, research analysts predict that Novanta will post 3.03 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, Robert W. Baird decreased their target price on Novanta from $169.00 to $160.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd.
Read Our Latest Report on NOVT
Novanta Company Profile
(
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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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