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

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$78.58 +1.35 (+1.75 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$78.58
Today's Range$76.7950 - $78.76
52-Week Range$49.60 - $78.85
Volume148,967 shs
Average Volume109,937 shs
Market Capitalization$2.74 billion
P/E Ratio49.11
Dividend YieldN/A
Beta1.5
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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$521.29 million
Cash Flow$2.5655 per share
Book Value$9.01 per share

Profitability

Net Income$60.05 million

Miscellaneous

Employees2,034
Market Cap$2.74 billion
Next Earnings Date2/27/2019 (Confirmed)
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 results on Wednesday, August, 8th. The technology company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.02. The technology company had revenue of $150.40 million for the quarter, compared to the consensus estimate of $147.26 million. Novanta had a net margin of 6.18% and a return on equity of 18.95%. Novanta's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the company posted $0.41 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.

How can I listen to Novanta's earnings call?

Novanta will be holding an earnings conference call on Wednesday, February 27th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883463959.

What price target have analysts set for NOVT?

2 Wall Street analysts have issued 12-month target prices for Novanta's shares. Their predictions 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 31.3%. 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 articles about NOVT stock have trended somewhat positive on Saturday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Novanta earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave press coverage 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 stock's share price in the immediate future.

Who are some of Novanta's key competitors?

What other stocks do shareholders of Novanta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Novanta investors own include NVIDIA (NVDA), Alibaba Group (BABA), Veeva Systems (VEEV), Square (SQ), Broadcom (AVGO), Arista Networks (ANET), Intuitive Surgical (ISRG), Micron Technology (MU), TENCENT HOLDING/ADR (TCEHY) and Splunk (SPLK).

Who are Novanta's key executives?

Novanta's management team includes the folowing people:
  • Mr. Matthijs Glastra, CEO & Director (Age 50)
  • Mr. Robert J. Buckley, Chief Financial Officer (Age 45)
  • Mr. Brian S. Young, Chief HR Officer (Age 50)
  • Mr. Peter L. Chang, VP, Corp. Controller & Chief Accounting Officer (Age 54)
  • Mr. Heinrich Dreyer, Group Pres of Minimally Invasive Surgery

Who are Novanta's major shareholders?

Novanta's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.51%), Dimensional Fund Advisors LP (3.14%), Paradice Investment Management LLC (2.38%), Conestoga Capital Advisors LLC (1.92%), Northern Trust Corp (1.30%) and Geode Capital Management LLC (1.09%). 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 KAMES CAPITAL plc, Eagle Asset Management Inc., Royce & Associates LP, AlphaOne Investment Services LLC, PNC Financial Services Group Inc., Mackenzie Financial Corp, Paradice Investment Management LLC and Anderson Hoagland & Co.. 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Stifel Financial Corp, D. E. Shaw & Co. Inc., Geode Capital Management LLC, Congress Asset Management Co. MA, Conestoga Capital Advisors LLC, Telemark Asset Management LLC 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 $78.58.

How big of a company is Novanta?

Novanta has a market capitalization of $2.74 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:  2.8 out of 5 (star star)
Outperform Votes:  166 (Vote Outperform)
Underperform Votes:  134 (Vote Underperform)
Total Votes:  300
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 2/23/2019 by MarketBeat.com Staff

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