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

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

Novanta Inc (NASDAQ:NOVT) announced its earnings results on Wednesday, August, 8th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.02. The technology company earned $150.40 million during the quarter, compared to analysts' expectations of $147.26 million. Novanta had a return on equity of 19.99% and a net margin of 5.14%. The company's revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. View Novanta's Earnings History.

Novanta is scheduled to release their next quarterly earnings announcement on Wednesday, November, 7th 2018. View Earnings Estimates for Novanta.

Novanta issued an update on its FY18 earnings guidance on Wednesday, August, 8th. The company provided earnings per share guidance of $1.96-2.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.99. The company issued revenue guidance of $600-607 million, compared to the consensus revenue estimate of $601.80 million.Novanta also updated its Q3 guidance to $0.50-0.53 EPS.

2 brokerages have issued 1 year price objectives for Novanta's stock. Their forecasts range from $54.00 to $54.00. On average, they anticipate Novanta's share price to reach $54.00 in the next twelve months. This suggests that the stock has a possible downside of 24.9%. View Analyst Price Targets 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.

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

News coverage about NOVT stock has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Novanta earned a media and rumor sentiment score of 0.11 on Accern's scale. They also assigned press coverage about the technology company an impact score of 45.59 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Novanta.

Novanta's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.26%), Wells Fargo & Company MN (5.42%), Paradice Investment Management LLC (3.07%), Dimensional Fund Advisors LP (3.06%), Renaissance Technologies LLC (2.44%) and Artisan Partners Limited Partnership (2.22%). Company insiders that own Novanta stock include 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 Renaissance Technologies LLC, Paradice Investment Management LLC, Wells Fargo & Company MN, FMR LLC, Corbyn Investment Management Inc. MD, Sandhill Capital Partners LLC, Waddell & Reed Financial Inc. and Vident Investment Advisory LLC. 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 acquired by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, Janus Henderson Group PLC, KAMES CAPITAL plc, Public Employees Retirement Association of Colorado, BlackRock Inc., Meritage Portfolio Management, OppenheimerFunds Inc. and Bradley Foster & Sargent Inc. CT. 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 $71.90.

Novanta has a market capitalization of $2.35 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]