NASDAQ:NOVT - Novanta Stock Price, Price Target & More

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

Novanta Inc (NASDAQ:NOVT) issued its quarterly earnings data on Tuesday, May, 8th. The technology company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. The technology company earned $147 million during the quarter, compared to analysts' expectations of $139.55 million. Novanta had a return on equity of 20.02% and a net margin of 5.14%. The firm's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. View Novanta's Earnings History.

Novanta is scheduled to release their next quarterly earnings announcement on Wednesday, August, 8th 2018. View Earnings Estimates for Novanta.

Novanta updated its FY18 earnings guidance on Tuesday, May, 8th. The company provided EPS guidance of $1.93 to $2.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.89. The company issued revenue guidance of $590-605 million, compared to the consensus revenue estimate of $592.91 million.Novanta also updated its Q2 guidance to $0.47-0.50 EPS.

2 analysts have issued 12 month target prices for Novanta's shares. Their predictions range from $54.00 to $54.00. On average, they expect Novanta's stock price to reach $54.00 in the next year. This suggests that the stock has a possible downside of 17.1%. View Analyst Ratings 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."

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), Maxwell Technologies (MXWL), Ultralife (ULBI), FuelCell Energy (FCEL), Arotech (ARTX), Polar Power (POLA), Flux Power (FLUX), Highpower International (HPJ) and Sono-Tek (SOTK).

Media stories about NOVT stock have been trending somewhat negative recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Novanta earned a news impact score of -0.06 on Accern's scale. They also assigned media coverage about the technology company an impact score of 47.53 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Novanta's stock is owned by many different of institutional and retail investors. Top institutional investors include KAMES CAPITAL plc (1.44%) and Empowered Funds LLC (0.07%). 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 acquired by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc and Empowered Funds LLC. 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 $65.15.

Novanta has a market capitalization of $2.28 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]