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

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$61.33 -0.12 (-0.20 %)
(As of 12/16/2018 02:55 AM ET)
Previous Close$61.33
Today's Range$60.57 - $62.75
52-Week Range$48.40 - $78.85
Volume138,971 shs
Average Volume164,998 shs
Market Capitalization$2.14 billion
P/E Ratio38.33
Dividend YieldN/A
Beta1.72
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

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

Debt

Debt-to-Equity Ratio0.69
Current Ratio2.89
Quick Ratio1.97

Price-To-Earnings

Trailing P/E Ratio38.33
Forward P/E Ratio29.07
P/E GrowthN/A

Sales & Book Value

Annual Sales$521.29 million
Price / Sales4.11
Cash Flow$2.5156 per share
Price / Cash Flow24.38
Book Value$9.01 per share
Price / Book6.81

Profitability

EPS (Most Recent Fiscal Year)$1.60
Net Income$60.05 million
Net Margins6.18%
Return on Equity18.95%
Return on Assets8.74%

Miscellaneous

Employees2,034
Outstanding Shares34,900,000
Market Cap$2.14 billion
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) announced its quarterly earnings data on Tuesday, November, 6th. The technology company reported $0.61 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.52 by $0.09. The technology company had revenue of $160.79 million for the quarter, compared to the consensus estimate of $154.43 million. Novanta had a net margin of 6.18% and a return on equity of 18.95%. The company's revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.45 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 27th 2019. View Earnings Estimates for Novanta.

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

Novanta updated its FY18 earnings guidance on Tuesday, November, 6th. The company provided earnings per share (EPS) guidance of $2.07-2.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.00. The company issued revenue guidance of $610-614 million, compared to the consensus revenue estimate of $605.10 million.

What price target have analysts set for NOVT?

2 brokerages have issued 1-year price objectives for Novanta's stock. Their predictions range from $54.00 to $54.00. On average, they anticipate Novanta's stock price to reach $54.00 in the next twelve months. This suggests that the stock has a possible downside of 12.0%. View Analyst Price Targets for Novanta.

What is the consensus analysts' recommendation for Novanta?

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

Has Novanta been receiving favorable news coverage?

News coverage about NOVT stock has trended negative this week, InfoTrie reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to 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 gave media headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future.

Who are some of Novanta's key competitors?

Who are Novanta's key executives?

Novanta's management team includes the folowing people:
  • Mr. Matthijs Glastra, CEO & Director (Age 49)
  • Mr. Robert J. Buckley, Chief Financial Officer (Age 44)
  • Mr. Brian S. Young, Chief HR Officer (Age 49)
  • Mr. Peter L. Chang, VP, Corp. Controller & Chief Accounting Officer (Age 53)
  • Mr. Heinrich Dreyer, Group Pres of Minimally Invasive Surgery

Who are Novanta's major shareholders?

Novanta's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.46%), Vanguard Group Inc (8.46%), BlackRock Inc. (6.32%), Neuberger Berman Group LLC (5.05%), Wells Fargo & Company MN (4.80%) and Dimensional Fund Advisors LP (3.15%). 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 Renaissance Technologies LLC, Paradice Investment Management LLC, Wells Fargo & Company MN, FMR LLC, Sandler Capital Management, Vident Investment Advisory LLC, Bamco Inc. NY and PNC Financial Services Group Inc.. 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 Vanguard Group Inc, Vanguard Group Inc., Alliancebernstein L.P., Neuberger Berman Group LLC, Conestoga Capital Advisors LLC, Eagle Asset Management Inc., Putnam Investments LLC 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, Scottrade, Fidelity and Charles Schwab.

What is Novanta's stock price today?

One share of NOVT stock can currently be purchased for approximately $61.33.

How big of a company is Novanta?

Novanta has a market capitalization of $2.14 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.

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:  2.7 out of 5 (star star)
Outperform Votes:  149 (Vote Outperform)
Underperform Votes:  126 (Vote Underperform)
Total Votes:  275
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 12/16/2018 by MarketBeat.com Staff

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