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

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

Novanta Inc (NASDAQ:NOVT) issued its quarterly earnings results on Tuesday, November, 6th. The technology company reported $0.61 EPS for the quarter, topping the 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 net margin of 6.18% and a return on equity of 18.95%. The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. View Novanta's Earnings History.

Novanta is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Novanta.

Novanta issued an update on 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.

2 Wall Street analysts have issued 12-month price targets 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 12.0%. 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.

Headlines about NOVT stock have been trending positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Novanta earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an effect on the company's share price in the immediate future.

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

Novanta's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc (8.46%), Vanguard Group Inc. (8.46%), BlackRock Inc. (6.32%), Neuberger Berman Group LLC (5.05%), Wells Fargo & Company MN (4.80%) and Dimensional Fund Advisors LP (3.15%). Company insiders that own Novanta stock include Matthijs Glastra, 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, 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.

NOVT stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc, Vanguard Group Inc., Alliancebernstein L.P., Neuberger Berman Group LLC, Conestoga Capital Advisors LLC, Eagle Asset Management Inc., Putnam Investments LLC and Norris Perne & French LLP MI. 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 $61.33.

Novanta has a market capitalization of $2.14 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.

The official website for Novanta is http://www.novanta.com.

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]