Novanta Stock Price, News & Analysis (NASDAQ:NOVT)

$85.42
+0.79 (+0.93 %)
(As of 09/22/2019 06:32 AM ET)
Today's Range
$84.02
Now: $85.42
$85.63
50-Day Range
$70.76
MA: $76.57
$84.89
52-Week Range
$55.68
Now: $85.42
$96.31
Volume244,768 shs
Average Volume137,732 shs
Market Capitalization$3.00 billion
P/E Ratio37.78
Dividend YieldN/A
Beta1.51
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. Read More…

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$614.34 million
Cash Flow$3.2829 per share
Book Value$10.55 per share

Profitability

Net Income$49.11 million

Miscellaneous

Employees2,133
Market Cap$3.00 billion
Next Earnings Date11/5/2019 (Estimated)
OptionableOptionable

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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 Tuesday, August, 6th. The technology company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The technology company had revenue of $155.10 million for the quarter, compared to analysts' expectations of $154.47 million. Novanta had a net margin of 7.76% and a return on equity of 19.49%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. View Novanta's Earnings History.

When is Novanta's next earnings date?

Novanta is scheduled to release their next quarterly earnings announcement on Tuesday, November 5th 2019. View Earnings Estimates for Novanta.

What guidance has Novanta issued on next quarter's earnings?

Novanta updated its fourth quarter earnings guidance on Tuesday, August, 6th. The company provided earnings per share guidance of $0.61-0.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.68. The company issued revenue guidance of $166-169 million, compared to the consensus revenue estimate of $167.54 million.

What price target have analysts set for NOVT?

1 brokerages have issued 12-month price targets for Novanta's stock. Their predictions range from $81.00 to $81.00. On average, they anticipate Novanta's share price to reach $81.00 in the next year. This suggests that the stock has a possible downside of 5.2%. View Analyst Price Targets for Novanta.

What is the consensus analysts' recommendation for Novanta?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Novanta in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Novanta.

Has Novanta been receiving favorable news coverage?

News headlines about NOVT stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Novanta earned a news sentiment score of -1.3 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Novanta.

Are investors shorting Novanta?

Novanta saw a drop in short interest in August. As of August 31st, there was short interest totalling 603,700 shares, a drop of 7.0% from the July 31st total of 649,400 shares. Based on an average daily trading volume, of 161,800 shares, the days-to-cover ratio is currently 3.7 days. Approximately 1.8% of the shares of the company are short sold. View Novanta's Current Options Chain.

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 Square (SQ), NVIDIA (NVDA), Veeva Systems (VEEV), AlarmCom (ALRM), Celgene (CELG), Canopy Growth (CGC), Activision Blizzard (ATVI), Macquarie Infrastructure (MIC), Simpson Manufacturing (SSD) and Autodesk (ADSK).

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 a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.80%), Price T Rowe Associates Inc. MD (7.98%), BlackRock Inc. (6.47%), BlackRock Inc. (6.47%), Wells Fargo & Company MN (4.43%) and William Blair Investment Management LLC (2.50%). 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 Sandler Capital Management, Bank of New York Mellon Corp, Westwood Holdings Group Inc., Renaissance Technologies LLC, AXA, Mackenzie Financial Corp, Mackenzie Financial Corp and Paradice Investment Management LLC. 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 purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Wasatch Advisors Inc., Nuveen Asset Management LLC, GW&K Investment Management LLC, Waddell & Reed Financial Inc., DekaBank Deutsche Girozentrale, Royal Bank of Canada and River & Mercantile Asset Management LLP. 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, Robinhood, Fidelity and Charles Schwab.

What is Novanta's stock price today?

One share of NOVT stock can currently be purchased for approximately $85.42.

How big of a company is Novanta?

Novanta has a market capitalization of $3.00 billion and generates $614.34 million in revenue each year. The technology company earns $49.11 million in net income (profit) each year or $2.16 on an earnings per share basis. Novanta employs 2,133 workers across the globe.View Additional Information About Novanta.

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:  2.9 out of 5 (star star)
Outperform Votes:  214 (Vote Outperform)
Underperform Votes:  155 (Vote Underperform)
Total Votes:  369
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 9/22/2019 by MarketBeat.com Staff

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