NASDAQ:NOVT - Novanta Stock Price, News, & Analysis

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$82.97 -1.79 (-2.11 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$82.97
Today's Range$82.57 - $84.92
52-Week Range$49.60 - $86.61
Volume177,798 shs
Average Volume197,384 shs
Market Capitalization$2.90 billion
P/E Ratio38.41
Dividend YieldN/A
Beta1.49
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. The company's Photonics segment offers photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products for photonics-based applications, such as industrial material processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. Its Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; surgical displays and operating room integration technologies; optical data collection and machine vision technologies; radio frequency identification technologies; thermal printers; spectrometry technologies; and embedded touch screen solutions. The company's Precision Motion segment offers optical encoders, precision motor and motion control technology, air bearing spindles, and precision machined components. The company sells its products through its direct sales force, resellers, distributors, and system integrators under the Cambridge Technology, Lincoln Laser, ExoTec Precision, Synrad, Laser Quantum, WOM, Lemke, NDS, NDSsi, Reach Technology, JADAK, Skyetek, ThingMagic, Photo Research, General Scanning, Celera Motion, MicroE, Applimotion, and Westwind brands. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts.

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Industry, Sector and Symbol

Industry Miscellaneous electrical machinery, equipment, & supplies
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:NOVT
Previous SymbolNASDAQ:GSIG
CUSIPN/A
Phone781-266-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$614.34 million
Cash Flow$3.1838 per share
Book Value$10.55 per share

Profitability

Net Income$49.11 million

Miscellaneous

Employees2,133
Market Cap$2.90 billion
Next Earnings Date5/14/2019 (Estimated)
OptionableOptionable

Novanta (NASDAQ:NOVT) Frequently Asked Questions

What is Novanta's stock symbol?

Novanta trades on the NASDAQ under the ticker symbol "NOVT."

How were Novanta's earnings last quarter?

Novanta Inc (NASDAQ:NOVT) released its quarterly earnings results on Wednesday, February, 27th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.04. The technology company had revenue of $156.20 million for the quarter, compared to analysts' expectations of $154.51 million. Novanta had a net margin of 7.99% and a return on equity of 19.48%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. View Novanta's Earnings History.

When is Novanta's next earnings date?

Novanta is scheduled to release their next quarterly earnings announcement on Tuesday, May 14th 2019. View Earnings Estimates for Novanta.

What guidance has Novanta issued on next quarter's earnings?

Novanta updated its first quarter 2019 earnings guidance on Wednesday, February, 27th. The company provided earnings per share (EPS) guidance of $0.44-0.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.52. The company issued revenue guidance of $154-157 million, compared to the consensus revenue estimate of $157.06 million.Novanta also updated its FY 2019 guidance to $2.30-2.36 EPS.

What price target have analysts set for NOVT?

1 Wall Street analysts have issued twelve-month price objectives for Novanta's stock. Their forecasts range from $81.00 to $81.00. On average, they anticipate Novanta's share price to reach $81.00 in the next twelve months. This suggests that the stock has a possible downside of 2.4%. View Analyst Price Targets for Novanta.

What is the consensus analysts' recommendation for Novanta?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Novanta in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Novanta.

Has Novanta been receiving favorable news coverage?

Media headlines about NOVT stock have trended positive this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Novanta earned a daily sentiment score of 2.2 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the next few days.

Who are some of Novanta's key competitors?

What other stocks do shareholders of Novanta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Novanta investors own include NVIDIA (NVDA), Alibaba Group (BABA), Veeva Systems (VEEV), Square (SQ), Broadcom (AVGO), Arista Networks (ANET), TENCENT HOLDING/ADR (TCEHY), Intuitive Surgical (ISRG), Micron Technology (MU) and Weibo (WB).

Who are Novanta's key executives?

Novanta's management team includes the folowing people:
  • Mr. Matthijs Glastra, CEO & Director (Age 50)
  • Mr. Robert J. Buckley, Chief Financial Officer (Age 45)
  • Mr. Brian S. Young, Chief HR Officer (Age 50)
  • Mr. Peter L. Chang, VP, Corp. Controller & Chief Accounting Officer (Age 54)
  • Mr. Heinrich Dreyer, Group Pres of Minimally Invasive Surgery

Who are Novanta's major shareholders?

Novanta's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.51%), Dimensional Fund Advisors LP (3.14%), Paradice Investment Management LLC (2.38%), Conestoga Capital Advisors LLC (1.92%), Northern Trust Corp (1.30%) and Geode Capital Management LLC (1.09%). Company insiders that own Novanta stock include Matthijs Glastra, Peter L Chang, Robert Buckley and Stephen W Bershad. View Institutional Ownership Trends for Novanta.

Which major investors are selling Novanta stock?

NOVT stock was sold by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, FMR LLC, Eagle Asset Management Inc., Royce & Associates LP, AlphaOne Investment Services LLC, PNC Financial Services Group Inc., Mackenzie Financial Corp and Paradice Investment Management LLC. Company insiders that have sold Novanta company stock in the last year include Matthijs Glastra, Peter L Chang, Robert Buckley and Stephen W Bershad. View Insider Buying and Selling for Novanta.

Which major investors are buying Novanta stock?

NOVT stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Stifel Financial Corp, D. E. Shaw & Co. Inc., Geode Capital Management LLC, Geode Capital Management LLC, Congress Asset Management Co. MA and Conestoga Capital Advisors LLC. View Insider Buying and Selling for Novanta.

How do I buy shares of Novanta?

Shares of NOVT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Novanta's stock price today?

One share of NOVT stock can currently be purchased for approximately $82.97.

How big of a company is Novanta?

Novanta has a market capitalization of $2.90 billion and generates $614.34 million in revenue each year. The technology company earns $49.11 million in net income (profit) each year or $2.16 on an earnings per share basis. Novanta employs 2,133 workers across the globe.

What is Novanta's official website?

The official website for Novanta is http://www.novanta.com.

How can I contact Novanta?

Novanta's mailing address is 125 Middlesex Turnpike, Bedford MA, 01730. The technology company can be reached via phone at 781-266-5700 or via email at [email protected]


MarketBeat Community Rating for Novanta (NASDAQ NOVT)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  174 (Vote Outperform)
Underperform Votes:  135 (Vote Underperform)
Total Votes:  309
MarketBeat's community ratings are surveys of what our community members think about Novanta and other stocks. Vote "Outperform" if you believe NOVT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NOVT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/23/2019 by MarketBeat.com Staff

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