NASDAQ:NOVT - Novanta Stock Price, Price Target & More

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

Novanta Inc (NASDAQ:NOVT) released its quarterly earnings data on Tuesday, May, 8th. The technology company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.07. The technology company earned $147 million during the quarter, compared to the consensus estimate of $139.55 million. Novanta had a return on equity of 20.02% and a net margin of 5.14%. The firm's revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. View Novanta's Earnings History.

Novanta is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Novanta.

Novanta updated its FY18 earnings guidance on Tuesday, May, 8th. The company provided earnings per share guidance of $1.93 to $2.02 for the period, compared to the Thomson Reuters consensus estimate of $1.89. The company issued revenue guidance of $590-605 million, compared to the consensus revenue estimate of $592.91 million.Novanta also updated its Q2 guidance to $0.47-0.50 EPS.

2 analysts have issued 12-month price objectives for Novanta's shares. Their predictions range from $54.00 to $54.00. On average, they expect Novanta's share price to reach $54.00 in the next twelve months. View Analyst Ratings for Novanta.

Some companies that are related to Novanta include CAE (CAE), Spectrum Brands, Inc. Common Stock (SPB), Energizer (ENR), HRG Group (HRG), Integer (ITGR), Atkore International Group (ATKR), Electro Scientific Industries (ESIO), Maxwell Technologies (MXWL), Ultralife (ULBI), FuelCell Energy (FCEL), Arotech (ARTX), Polar Power (POLA), Highpower International (HPJ), Flux Power (FLUX) and CBAK Energy Technology (CBAK).

News coverage about NOVT stock has been trending positive on Wednesday, Accern Sentiment reports. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Novanta earned a daily sentiment score of 0.44 on Accern's scale. They also gave press coverage about the technology company an impact score of 47.78 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Novanta's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.90%), Wells Fargo & Company MN (5.86%), Neuberger Berman Group LLC (3.80%), Paradice Investment Management LLC (3.71%), Dimensional Fund Advisors LP (3.05%) and Artisan Partners Limited Partnership (2.20%). Company insiders that own Novanta stock include Peter L Chang, Robert Buckley and Stephen W Bershad. View Institutional Ownership Trends for Novanta.

NOVT stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, ClariVest Asset Management LLC, Federated Investors Inc. PA, Comerica Bank, PNC Financial Services Group Inc., O Shaughnessy Asset Management LLC, A.R.T. Advisors LLC and Bamco Inc. NY. Company insiders that have sold Novanta company stock in the last year include Robert Buckley and Stephen W Bershad. View Insider Buying and Selling for Novanta.

NOVT stock was bought by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Stifel Financial Corp, KAMES CAPITAL plc, Neuberger Berman Group LLC, Legal & General Group Plc, Sandler Capital Management, Thrivent Financial for Lutherans and Lisanti Capital Growth LLC. View Insider Buying and Selling for 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.

One share of NOVT stock can currently be purchased for approximately $64.70.

Novanta has a market capitalization of $2.28 billion and generates $521.29 million in revenue each year. The technology company earns $60.05 million in net income (profit) each year or $1.60 on an earnings per share basis. Novanta employs 2,034 workers across the globe.

Novanta's mailing address is 125 MIDDLESEX TURNPIKE, BEDFORD MA, 01730. The technology company can be reached via phone at 781-266-5618 or via email at [email protected]