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Novanta Stock Price, Forecast & Analysis (NASDAQ:NOVT)

$83.19
+1.09 (+1.33 %)
(As of 11/16/2019 08:00 AM ET)
Today's Range
$82.20
Now: $83.19
$83.34
50-Day Range
$78.75
MA: $83.60
$91.67
52-Week Range
$57.07
Now: $83.19
$96.31
Volume84,000 shs
Average Volume148,066 shs
Market Capitalization$2.92 billion
P/E Ratio38.51
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$11.49 per share

Profitability

Net Income$49.11 million

Miscellaneous

Employees2,133
Market Cap$2.92 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) posted its earnings results on Tuesday, November, 5th. The technology company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The technology company earned $154.10 million during the quarter, compared to analyst estimates of $155.04 million. Novanta had a net margin of 6.94% and a return on equity of 20.01%. The business's quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous 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 updated its fourth quarter earnings guidance on Tuesday, November, 5th. The company provided EPS guidance of $0.52-$0.54 for the period, compared to the Thomson Reuters consensus earnings per share 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 brokerages have issued 12 month price objectives for Novanta's stock. Their forecasts range from $81.00 to $81.00. On average, they expect Novanta's share price to reach $81.00 in the next twelve months. This suggests that the stock has a possible downside of 2.6%. 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 coverage about NOVT stock has trended somewhat positive this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Novanta earned a coverage optimism score of 2.0 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Novanta.

Are investors shorting Novanta?

Novanta saw a decrease in short interest in October. As of October 15th, there was short interest totalling 630,900 shares, a decrease of 20.9% from the September 15th total of 797,800 shares. Based on an average daily trading volume, of 152,300 shares, the short-interest ratio is presently 4.1 days. Currently, 1.9% of the company's stock are sold short. 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 Square (SQ), NVIDIA (NVDA), Veeva Systems (VEEV), AlarmCom (ALRM), Celgene (CELG), Canopy Growth (CGC), Activision Blizzard (ATVI), Macquarie Infrastructure (MIC), Simpson Manufacturing (SSD) and Autodesk (ADSK).

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 retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (2.30%), Paradice Investment Management LLC (2.02%), GW&K Investment Management LLC (0.68%), Norris Perne & French LLP MI (0.33%), Meritage Portfolio Management (0.27%) and California Public Employees Retirement System (0.22%). 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 Essex Investment Management Co. LLC, Bradley Foster & Sargent Inc. CT, Skylands Capital LLC, Strs Ohio, Navellier & Associates Inc and Anderson Hoagland & Co.. Company insiders that have sold Novanta company stock in the last year include Matthijs Glastra, Peter L Chang and Robert Buckley. View Insider Buying and Selling for Novanta.

Which major 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, Norris Perne & French LLP MI and Meritage Portfolio Management. 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 $83.19.

How big of a company is Novanta?

Novanta has a market capitalization of $2.92 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:  229 (Vote Outperform)
Underperform Votes:  167 (Vote Underperform)
Total Votes:  396
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 11/17/2019 by MarketBeat.com Staff

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