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NASDAQ:NOVT - Novanta Stock Price, Forecast & News

$88.24
+0.96 (+1.10 %)
(As of 12/8/2019 04:00 PM ET)
Today's Range
$87.61
Now: $88.24
$89.26
50-Day Range
$79.04
MA: $86.87
$93.61
52-Week Range
$57.07
Now: $88.24
$96.31
Volume176,615 shs
Average Volume145,479 shs
Market Capitalization$3.09 billion
P/E Ratio40.85
Dividend YieldN/A
Beta1.48
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. Read More…

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$3.29 per share
Book Value$10.55 per share

Profitability

Net Income$49.11 million

Miscellaneous

Employees2,133
Market Cap$3.09 billion
Next Earnings Date2/26/2020 (Estimated)
OptionableOptionable

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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) issued its quarterly earnings data on Tuesday, November, 5th. The technology company reported $0.53 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.52 by $0.01. The technology company earned $154.10 million during the quarter, compared to the consensus estimate of $155.04 million. Novanta had a net margin of 6.94% and a return on equity of 20.01%. The firm's revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. View Novanta's Earnings History.

When is Novanta's next earnings date?

Novanta is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Novanta.

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

Novanta issued an update on its fourth quarter earnings guidance on Tuesday, November, 5th. The company provided earnings per share guidance of $0.52-$0.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.62. The company issued revenue guidance of $156-$158 million, compared to the consensus revenue estimate of $167.28 million.

What price target have analysts set for NOVT?

1 equities research analysts have issued 1-year target prices for Novanta's stock. Their forecasts range from $81.00 to $81.00. On average, they anticipate Novanta's stock price to reach $81.00 in the next year. This suggests that the stock has a possible downside of 8.2%. 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?

News headlines about NOVT stock have been trending positive on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Novanta earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Novanta.

Are investors shorting Novanta?

Novanta saw a drop in short interest in the month of October. As of October 15th, there was short interest totalling 630,900 shares, a drop of 20.9% from the September 15th total of 797,800 shares. Based on an average trading volume of 152,300 shares, the short-interest ratio is currently 4.1 days. Approximately 1.9% of the shares of the company are short sold. View Novanta's Current Options Chain.

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), Intuitive Surgical (ISRG), Broadcom (AVGO), Netflix (NFLX), Arista Networks (ANET), GrubHub (GRUB), Palo Alto Networks (PANW), Splunk (SPLK) 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 Conestoga Capital Advisors LLC (2.30%), Paradice Investment Management LLC (2.02%), State Street Corp (1.97%), GW&K Investment Management LLC (0.68%), Stifel Financial Corp (0.49%) and Norris Perne & French LLP MI (0.33%). 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 institutional investors are selling Novanta stock?

NOVT stock was sold by a variety of institutional investors in the last quarter, including Stifel Financial Corp, Sandler Capital Management, Essex Investment Management Co. LLC, Bradley Foster & Sargent Inc. CT, Barclays PLC, Skylands Capital LLC, Penserra Capital Management LLC and Strs Ohio. 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 institutional investors are buying Novanta stock?

NOVT stock was bought by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, GW&K Investment Management LLC, Congress Asset Management Co. MA, California Public Employees Retirement System, Comerica Bank, Paradice Investment Management LLC, State Street Corp and Norris Perne & French LLP MI. 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, Robinhood, Fidelity and Charles Schwab.

What is Novanta's stock price today?

One share of NOVT stock can currently be purchased for approximately $88.24.

How big of a company is Novanta?

Novanta has a market capitalization of $3.09 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.View Additional Information About Novanta.

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:  2.9 out of 5 (star star)
Outperform Votes:  236 (Vote Outperform)
Underperform Votes:  170 (Vote Underperform)
Total Votes:  406
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 12/8/2019 by MarketBeat.com Staff

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