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

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$72.33 +0.84 (+1.17 %)
(As of 11/18/2018 01:07 PM ET)
Previous Close$72.33
Today's Range$70.5550 - $73.16
52-Week Range$43.65 - $78.85
Volume131,423 shs
Average Volume229,818 shs
Market Capitalization$2.52 billion
P/E Ratio45.21
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 Ratio45.21
Forward P/E Ratio35.11
P/E GrowthN/A

Sales & Book Value

Annual Sales$521.29 million
Price / Sales4.84
Cash Flow$2.5211 per share
Price / Cash28.69
Book Value$10.30 per share
Price / Book7.02

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$2.52 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) issued its earnings results on Tuesday, November, 6th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $154.43 million. Novanta had a return on equity of 18.95% and a net margin of 6.18%. The business's revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. 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 guidance of $2.07-2.12 for the period, compared to the Thomson Reuters consensus 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 analysts have issued 12 month target prices for Novanta's shares. Their forecasts range from $54.00 to $54.00. On average, they expect Novanta's stock price to reach $54.00 in the next twelve months. This suggests that the stock has a possible downside of 25.3%. 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 stories about NOVT stock have trended very positive on Sunday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Novanta earned a daily sentiment score of 3.2 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term.

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 BlackRock Inc. (6.32%), Neuberger Berman Group LLC (5.05%), Wells Fargo & Company MN (4.80%), Dimensional Fund Advisors LP (3.15%), William Blair Investment Management LLC (2.85%) and Paradice Investment Management LLC (2.44%). 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 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 institutional investors are buying Novanta stock?

NOVT stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Neuberger Berman Group LLC, Conestoga Capital Advisors LLC, Eagle Asset Management Inc., Putnam Investments LLC, Norris Perne & French LLP MI, William Blair Investment Management LLC and Blair William & Co. IL. 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 $72.33.

How big of a company is Novanta?

Novanta has a market capitalization of $2.52 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:  142 (Vote Outperform)
Underperform Votes:  123 (Vote Underperform)
Total Votes:  265
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 11/18/2018 by MarketBeat.com Staff

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