Novanta (NOVT) Expected to Announce Earnings on Tuesday

Novanta (NASDAQ:NOVT - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.68 per share and revenue of $233.34 million for the quarter.

Novanta (NASDAQ:NOVT - Get Free Report) last announced its earnings results on Tuesday, February 25th. The technology company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.05. The business had revenue of $238.10 million during the quarter, compared to the consensus estimate of $240.29 million. Novanta had a net margin of 6.52% and a return on equity of 15.20%. Novanta's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. On average, analysts expect Novanta to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Novanta Trading Up 1.0 %

NOVT traded up $1.19 during trading on Friday, reaching $121.98. 404,141 shares of the stock traded hands, compared to its average volume of 200,402. The company has a quick ratio of 1.81, a current ratio of 2.79 and a debt-to-equity ratio of 0.61. The stock's 50-day moving average is $126.09 and its 200 day moving average is $147.74. Novanta has a 12 month low of $98.76 and a 12 month high of $187.12. The stock has a market capitalization of $4.39 billion, a PE ratio of 73.04 and a beta of 1.51.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their target price on Novanta from $169.00 to $160.00 and set a "neutral" rating for the company in a report on Monday, March 3rd.

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.