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

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$62.50 -0.60 (-0.95 %)
(As of 06/25/2018 02:32 AM ET)
Previous Close$62.50
Today's Range$62.05 - $63.30
52-Week Range$35.00 - $68.00
Volume320,290 shs
Average Volume225,885 shs
Market Capitalization$2.19 billion
P/E Ratio39.06
Dividend YieldN/A
Beta1.5
Novanta logoNovanta 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
SymbolNASDAQ:NOVT
CUSIPN/A
Phone781-266-5618

Debt

Debt-to-Equity Ratio0.70
Current Ratio3.25
Quick Ratio2.18

Price-To-Earnings

Trailing P/E Ratio39.06
Forward P/E Ratio31.41
P/E GrowthN/A

Sales & Book Value

Annual Sales$521.29 million
Price / Sales4.16
Cash Flow$2.4970 per share
Price / Cash25.03
Book Value$9.01 per share
Price / Book6.94

Profitability

EPS (Most Recent Fiscal Year)$1.60
Net Income$60.05 million
Net Margins5.14%
Return on Equity20.02%
Return on Assets9.12%

Miscellaneous

Employees2,034
Outstanding Shares34,700,000

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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, May, 8th. The technology company reported $0.47 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.40 by $0.07. The technology company earned $147 million during the quarter, compared to analysts' expectations of $139.55 million. Novanta had a net margin of 5.14% and a return on equity of 20.02%. The company's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the company posted $0.31 EPS. View Novanta's Earnings History.

When is Novanta's next earnings date?

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

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

Novanta updated its FY18 earnings guidance on Tuesday, May, 8th. The company provided earnings per share (EPS) 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.

What price target have analysts set for NOVT?

2 brokers have issued 1-year price targets for Novanta's shares. Their predictions range from $54.00 to $54.00. On average, they expect Novanta's stock price to reach $54.00 in the next twelve months. View Analyst Ratings for Novanta.

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

Has Novanta been receiving favorable news coverage?

Media coverage about NOVT stock has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Novanta earned a media sentiment score of 0.22 on Accern's scale. They also gave news stories about the technology company an impact score of 47.45 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

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. (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.

Which institutional investors are selling Novanta stock?

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.

Which institutional investors are buying Novanta stock?

NOVT stock was acquired 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.

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 $62.50.

How big of a company is Novanta?

Novanta has a market capitalization of $2.19 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.

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 781-266-5618 or via email at [email protected]


MarketBeat Community Rating for Novanta (NOVT)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  94 (Vote Outperform)
Underperform Votes:  79 (Vote Underperform)
Total Votes:  173
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 6/25/2018 by MarketBeat.com Staff

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