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

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$87.13 +1.35 (+1.57 %)
(As of 04/25/2019 04:19 AM ET)
Previous Close$85.78
Today's Range$85.90 - $87.45
52-Week Range$55.68 - $89.78
Volume82,944 shs
Average Volume149,638 shs
Market Capitalization$3.05 billion
P/E Ratio40.34
Dividend YieldN/A
Beta1.49
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; visualization solutions; wireless imaging and operating room integration technologies; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The company's Precision Motion segment offers optical and inductive encoders, precision motors, motion control sub-assemblies, air bearings, air bearing spindles, and precision machined components. It 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, NDS, NDSsi, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, Celera Motion, MicroE, Applimotion, Zettlex, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. 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$614.34 million
Cash Flow$3.3524 per share
Book Value$10.55 per share

Profitability

Net Income$49.11 million

Miscellaneous

Employees2,133
Market Cap$3.05 billion
Next Earnings Date5/7/2019 (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) posted its earnings results on Wednesday, February, 27th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.52 by $0.04. The technology company had revenue of $156.20 million for the quarter, compared to analysts' expectations of $154.51 million. Novanta had a return on equity of 19.48% and a net margin of 7.99%. The firm's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.44 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, May 7th 2019. View Earnings Estimates for Novanta.

How can I listen to Novanta's earnings call?

Novanta will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883463959.

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

Novanta issued an update on its first quarter 2019 earnings guidance on Wednesday, February, 27th. The company provided earnings per share (EPS) guidance of $0.44-0.49 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.52. The company issued revenue guidance of $154-157 million, compared to the consensus revenue estimate of $157.06 million.Novanta also updated its FY 2019 guidance to $2.30-2.36 EPS.

What price target have analysts set for NOVT?

1 equities research analysts have issued 1-year price objectives for Novanta's shares. Their forecasts range from $81.00 to $81.00. On average, they expect Novanta's stock price to reach $81.00 in the next year. This suggests that the stock has a possible downside of 7.0%. 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 stories about NOVT stock have been trending somewhat negative on Thursday, InfoTrie reports. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Novanta earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days.

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), Veeva Systems (VEEV), Celgene (CELG), Canopy Growth (CGC), AlarmCom (ALRM), Activision Blizzard (ATVI), NVIDIA (NVDA), Macquarie Infrastructure (MIC), Masimo (MASI) and Workday (WDAY).

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 retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (1.94%), Anderson Hoagland & Co. (0.07%), BB&T Corp (0.01%), Eqis Capital Management Inc. (0.01%), Oppenheimer Asset Management Inc. (0.01%) and Strs Ohio (0.01%). 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 Eqis Capital Management 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.

Which institutional investors are buying Novanta stock?

NOVT stock was bought by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, BB&T Corp, Strs Ohio, Oppenheimer Asset Management Inc. and Anderson Hoagland & Co.. 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 $87.13.

How big of a company is Novanta?

Novanta has a market capitalization of $3.05 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.

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:  183 (Vote Outperform)
Underperform Votes:  138 (Vote Underperform)
Total Votes:  321
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 4/25/2019 by MarketBeat.com Staff

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