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

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

Novanta Inc (NASDAQ:NOVT) posted its quarterly earnings results on Wednesday, August, 8th. The technology company reported $0.51 EPS for the quarter, beating the consensus estimate 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 firm's revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. 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 EPS guidance of $1.96-2.02 for the period, compared to the Thomson Reuters consensus EPS 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 Wall Street analysts have issued 12-month target prices for Novanta's shares. Their forecasts range from $54.00 to $54.00. On average, they anticipate Novanta's share price to reach $54.00 in the next year. This suggests that the stock has a possible downside of 27.7%. 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), Spectrum Brands, Inc. Common Stock (SPB), Energizer (ENR), HRG Group (HRG), Integer (ITGR), Atkore International Group (ATKR), Electro Scientific Industries (ESIO), Ultralife (ULBI), Maxwell Technologies (MXWL), FuelCell Energy (FCEL), Arotech (ARTX), Flux Power (FLUX), Polar Power (POLA), Highpower International (HPJ) and Sono-Tek (SOTK).

Media coverage about NOVT stock has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than twenty 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 and rumor sentiment score of 0.16 on Accern's scale. They also assigned media coverage about the technology company an impact score of 45.51 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future. View Recent Headlines for Novanta.

Novanta's stock is owned by a number of of retail and institutional investors. Top institutional investors 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 Peter L Chang, 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 Peter L Chang, Robert Buckley and Stephen W Bershad. View Insider Buying and Selling for Novanta.

NOVT stock was purchased 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 $74.65.

Novanta has a market capitalization of $2.46 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]