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

$62.75 +0.70 (+1.13 %)

(As of 04/24/2018 10:30 AM ET)

Previous Close$62.05

Today's Range$62.55 - $63.50

52-Week Range$27.50 - $63.60

Volume46,673 shs

Average Volume231,181 shs

Market Capitalization$2.16 billion

P/E Ratio38.73

Dividend YieldN/A

Beta1.47

About Novanta (NASDAQ:NOVT)

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; surgical displays and operating room integration technologies; optical data collection and machine vision technologies; radio frequency identification technologies; thermal printers; spectrometry technologies; and embedded touch screen solutions. The company's Precision Motion segment offers optical encoders, precision motor and motion control technology, air bearing spindles, and precision machined components. The company 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, Lemke, NDS, NDSsi, Reach Technology, JADAK, Skyetek, ThingMagic, Photo Research, General Scanning, Celera Motion, MicroE, Applimotion, and Westwind brands. 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

SymbolNASDAQ:NOVT

CUSIPN/A

Webwww.novanta.com

Phone781-266-5618

Debt

Debt-to-Equity Ratio0.72%

Current Ratio2.93%

Quick Ratio2.00%

Price-To-Earnings

Trailing P/E Ratio38.73

Forward P/E Ratio32.68

P/E GrowthN/A

Sales & Book Value

Annual Sales$521.29 million

Price / Sales4.18

Cash Flow$2.5374 per share

Price / Cash24.73

Book Value$9.01 per share

Price / Book6.96

Profitability

EPS (Most Recent Fiscal Year)$1.60

Net Income$60.05 million

Net Margins9.80%

Return on Equity18.52%

Return on Assets8.91%

Miscellaneous

Employees2,034

Outstanding Shares34,690,000

How to Become a New Pot Stock Millionaire

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 quarterly earnings results on Wednesday, February, 28th. The technology company reported $0.44 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.41 by $0.03. The technology company earned $146.92 million during the quarter, compared to the consensus estimate of $146.35 million. Novanta had a net margin of 9.80% and a return on equity of 18.52%. Novanta's revenue for the quarter was up 48.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. 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, 8th 2018. View Earnings Estimates for Novanta.

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

Novanta issued an update on its FY18 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of $1.85-1.96 for the period, compared to the Thomson Reuters consensus estimate of $1.84. The company issued revenue guidance of $585-600 million, compared to the consensus revenue estimate of $595.96 million.Novanta also updated its Q1 guidance to $0.40-0.43 EPS.

What price target have analysts set for NOVT?

2 equities research analysts have issued 12-month target prices for Novanta's stock. Their predictions range from $54.00 to $54.00. On average, they anticipate Novanta's stock price to reach $54.00 in the next year. View Analyst Ratings for Novanta.

Who are some of Novanta's key competitors?

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

Who are Novanta's key executives?

Novanta's management team includes the folowing people:

Mr. Matthijs Glastra, CEO & Director (Age 49)
Mr. Robert J. Buckley, Chief Financial Officer (Age 44)
Mr. Brian S. Young, Chief HR Officer (Age 49)
Mr. Peter L. Chang, VP, Corp. Controller & Chief Accounting Officer (Age 53)
Mr. Heinrich Dreyer, Group Pres of Minimally Invasive Surgery

Has Novanta been receiving favorable news coverage?

Headlines about NOVT stock have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Novanta earned a news sentiment score of 0.24 on Accern's scale. They also gave media coverage about the technology company an impact score of 45.04 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

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 $62.75.

How big of a company is Novanta?

Novanta has a market capitalization of $2.16 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.

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 781-266-5618 or via email at [email protected]

MarketBeat Community Rating for Novanta (NOVT)

Community Ranking:		2.7 out of 5 ( )
Outperform Votes:		82 (Vote Outperform)
Underperform Votes:		69 (Vote Underperform)
Total Votes:		151

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.

Novanta (NASDAQ:NOVT) Price Target and Consensus Rating

(How are Consensus Ratings Calculated?)

2 Wall Street analysts have issued ratings and price targets for Novanta in the last 12 months. Their average twelve-month price target is $54.00, suggesting that the stock has a possible downside of 13.94%. The high price target for NOVT is $54.00 and the low price target for NOVT is $54.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of "Buy."

	Today	30 Days Ago	90 Days Ago	180 Days Ago
Consensus Rating:	Buy	Buy	Buy	N/A
Consensus Rating Score:	3.00	3.00	3.00	N/A
Ratings Breakdown:	0 Sell Rating(s) 0 Hold Rating(s) 2 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 0 Hold Rating(s) 2 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 0 Hold Rating(s) 1 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 0 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)
Consensus Price Target:	$54.00	$54.00	$54.00	N/A
Price Target Upside:	13.94% downside	3.31% downside	17.90% upside	N/A

Novanta (NASDAQ:NOVT) Consensus Price Target History

Price Target History for Novanta (NASDAQ:NOVT)

Novanta (NASDAQ:NOVT) Analyst Ratings History

Show:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
3/1/2018	Robert W. Baird	Reiterated Rating	Buy		Low
2/27/2018	William Blair	Initiated Coverage	Outperform -> Outperform		Low

(Data available from 4/24/2016 forward)

Novanta (NASDAQ:NOVT) Earnings History and Estimates Chart

Earnings by Quarter for Novanta (NASDAQ:NOVT)

Novanta (NASDAQ:NOVT) Earnings Estimates

2018 EPS Consensus Estimate: $1.88

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2018	1	$0.41	$0.41	$0.41
Q2 2018	1	$0.46	$0.46	$0.46
Q3 2018	1	$0.51	$0.51	$0.51
Q4 2018	1	$0.50	$0.50	$0.50

Novanta (NASDAQ NOVT) Earnings History by Quarter

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
5/8/2018		$0.40					N/A
2/28/2018	Q4 2017	$0.41	$0.44	$146.35 million	$146.92 million	View	Listen
11/1/2017	Q3 2017	$0.37	$0.45	$132.10 million	$146.30 million	View	N/A
8/3/2017	Q2 2017	$0.32	$0.41	$111.40 million	$119.10 million	View	Listen
5/8/2017	Q1 2017	$0.24	$0.31	$101.20 million	$109.00 million	View	Listen
3/6/2017	Q4 2016	$0.28	$0.35	$99.70 million	$98.90 million	View	Listen
11/2/2016	Q316	$0.27	$0.29	$97.80 million	$97.80 million	View	N/A
8/2/2016	Q216	$0.24	$0.27	$95.50 million	$97.70 million	View	N/A
5/6/2016	Q116	$0.18	$0.18	$88.90 million	$90.30 million	View	N/A
3/2/2016	Q415	$0.21	$0.29	$91.20 million	$90.20 million	View	N/A
11/4/2015	Q3	$0.20	$0.24	$92.60 million	$92.30 million	View	N/A
8/5/2015	Q215	$0.20	$0.20	$93.50 million	$96.50 million	View	N/A
5/7/2015	Q1	$0.16	$0.20	$88.90 million	$94.60 million	View	N/A
3/4/2015	Q414	$0.19	$0.24	$95.02 million	$94.00 million	View	N/A
11/5/2014	Q314	$0.19	$0.23	$95.60 million	$94.66 million	View	N/A
8/6/2014	Q214	$0.17	$0.19	$93.68 million	$96.90 million	View	N/A
5/6/2014	Q114	$0.09	$0.14	$75.63 million	$79.13 million	View	N/A
3/11/2014	Q413	$0.14	$0.13	$88.00 million	$87.70 million	View	N/A
11/5/2013	Q313	$0.12	$0.15	$85.80 million	$85.50 million	View	N/A
8/6/2013	Q2 2013	$0.02	$0.14	$84.84 million	$85.31 million	View	N/A
5/8/2013	Q1 2013	$0.13	$0.14	$82.43 million	$83.11 million	View	N/A
3/12/2013	Q4 2012	$0.13	$0.44	$65.67 million	$66.40 million	View	N/A
11/7/2012	Q312	$0.15	$0.22	$69.98 million	$69.50 million	View	N/A
8/7/2012	Q2 2012	$0.22	$0.19			View	N/A
5/8/2012	Q1 2012	$0.12	$0.09			View	N/A
3/14/2012	Q4 2011	$0.09	$0.11			View	N/A
11/10/2011	Q3 2011	$0.23	$0.26			View	N/A
8/11/2011	Q2 2011	$0.21	$0.32			View	N/A
5/16/2011	Q1 2011	$0.08	$0.20			View	N/A
3/28/2011	Q4 2010	$0.04	($0.04)			View	N/A
11/18/2010	Q3 2010		($0.04)			View	N/A
7/31/2008	Q2 2008	$0.06	$0.08			View	N/A
4/30/2008	Q1 2008	$0.18	$0.15			View	N/A
2/27/2008	Q4 2007	$0.42	$0.37			View	N/A

(Earnings results data provided by Zacks Investment Research)

Novanta (NASDAQ:NOVT) Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date

(Data available from 1/1/2013 forward)

Novanta (NASDAQ NOVT) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 6.70%
Institutional Ownership Percentage: 82.36%

Insider Trading History for Novanta (NASDAQ:NOVT)

Institutional Ownership by Quarter for Novanta (NASDAQ:NOVT)

Novanta (NASDAQ NOVT) Insider Trading History

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
3/19/2018	Robert Buckley	CFO	Sell	8,780	$55.95	$491,241.00	166,643
3/12/2018	Robert Buckley	CFO	Sell	8,764	$56.83	$498,058.12
3/5/2018	Robert Buckley	CFO	Sell	8,850	$55.55	$491,617.50	184,187
11/27/2017	Stephen W Bershad	Director	Sell	500,000	$52.55	$26,275,000.00	1,711,648
8/19/2016	Peter L Chang	VP	Sell	1,000	$17.13	$17,130.00	29,720
5/16/2016	Robert Buckley	CFO	Sell	9,000	$15.00	$135,000.00	169,188
11/19/2015	Matthijs Glastra	COO	Sell	3,795	$14.00	$53,130.00	46,858
5/18/2015	John A Roush	CEO	Sell	10,000	$14.54	$145,400.00
5/14/2015	Robert Buckley	CFO	Sell	8,100	$14.66	$118,746.00
5/12/2014	Deborah Mulryan	VP	Sell	16,244	$12.50	$203,050.00
5/9/2014	Robert Buckley	CFO	Sell	20,000	$12.37	$247,400.00	117,183

(Data available from 1/1/2013 forward)

Novanta (NASDAQ NOVT) News Headlines

Source:

Date	Headline
	Factors of Influence in 2018, Key Indicators and Opportunity within Spok, Lam Research, Hilton Grand Vacations, M.D.C., Rollins, and Novanta — New Research Emphasizes Economic Growth finance.yahoo.com - April 23 at 8:48 AM
	Zacks: Novanta Inc. (NOVT) Given Consensus Rating of "Strong Buy" by Analysts www.americanbankingnews.com - April 23 at 7:42 AM
	Novanta (NOVT) Upgraded at BidaskClub www.americanbankingnews.com - April 19 at 9:58 AM
	Novanta (NOVT) Shares March Higher, Can It Continue? finance.yahoo.com - April 18 at 5:06 PM
	Zacks: Brokerages Anticipate Novanta Inc. (NOVT) Will Announce Quarterly Sales of $139.58 Million www.americanbankingnews.com - April 16 at 3:58 AM
	$0.40 Earnings Per Share Expected for Novanta Inc. (NOVT) This Quarter www.americanbankingnews.com - April 14 at 9:18 AM
	Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, May 8, 2018 finance.yahoo.com - April 12 at 4:54 PM
	Zacks: Novanta Inc (NOVT) Receives Consensus Rating of "Strong Buy" from Brokerages www.americanbankingnews.com - April 8 at 7:28 AM
	Novanta (NOVT) Stock Rating Lowered by Zacks Investment Research www.americanbankingnews.com - April 6 at 9:04 AM
	Zacks Investment Research Upgrades Novanta (NOVT) to "Buy" www.americanbankingnews.com - April 4 at 10:35 AM
	Novanta (NOVT) Rating Lowered to Hold at Zacks Investment Research www.americanbankingnews.com - March 31 at 11:22 AM
	$139.58 Million in Sales Expected for Novanta Inc (NOVT) This Quarter www.americanbankingnews.com - March 30 at 3:04 AM
	Zacks Investment Research Upgrades Novanta (NOVT) to Buy www.americanbankingnews.com - March 29 at 10:58 AM
	Zacks: Analysts Anticipate Novanta Inc (NOVT) Will Announce Earnings of $0.40 Per Share www.americanbankingnews.com - March 28 at 11:20 AM
	Novanta (NOVT) Receives New Coverage from Analysts at William Blair www.americanbankingnews.com - March 24 at 10:02 PM
	Brokerages Expect Novanta Inc (NOVT) to Announce $0.40 EPS www.americanbankingnews.com - March 24 at 1:28 AM
	Novanta (NOVT) Lifted to "Buy" at Zacks Investment Research www.americanbankingnews.com - March 23 at 10:14 PM
	Novanta (NOVT) Lowered to "Hold" at Zacks Investment Research www.americanbankingnews.com - March 23 at 7:22 PM
	Novanta to present at Needham & Company's 17th Annual Healthcare Conference on Tuesday, March 27, 2018 finance.yahoo.com - March 21 at 9:57 AM
	Novanta Inc (NOVT) CFO Sells $491,241.00 in Stock www.americanbankingnews.com - March 20 at 1:22 PM
	Novanta Inc (NOVT) Receives Average Rating of "Strong Buy" from Analysts www.americanbankingnews.com - March 16 at 8:19 AM
	AVX (AVX) versus Novanta (NOVT) Critical Review www.americanbankingnews.com - March 16 at 1:24 AM
	Novanta Inc (NOVT) CFO Robert Buckley Sells 8,764 Shares www.americanbankingnews.com - March 13 at 7:54 PM
	Analysts Expect Novanta Inc (NOVT) Will Announce Quarterly Sales of $139.58 Million www.americanbankingnews.com - March 13 at 10:21 AM
	Head-To-Head Contrast: Novanta (NOVT) vs. AVX (AVX) www.americanbankingnews.com - March 10 at 3:06 PM
	Brokerages Anticipate Novanta Inc (NOVT) to Announce $0.40 EPS www.americanbankingnews.com - March 8 at 11:36 PM
	Novanta (NOVT) versus CTS (CTS) Head to Head Analysis www.americanbankingnews.com - March 7 at 1:16 AM
	Robert Buckley Sells 8,850 Shares of Novanta Inc (NOVT) Stock www.americanbankingnews.com - March 6 at 6:32 PM
	Telemark Asset Management LLC Has $13.75 Million Position in Novanta Inc (NOVT) www.americanbankingnews.com - March 6 at 11:12 AM
	Contrasting CTS (CTS) & Novanta (NOVT) www.americanbankingnews.com - March 5 at 9:16 PM
	Novanta (NOVT) Presents At BTIG Medical Technology, Life Sciences & Diagnostics Conference - Slideshow seekingalpha.com - March 5 at 5:21 PM
	Kennedy Capital Management Inc. Has $11.06 Million Holdings in Novanta Inc (NOVT) www.americanbankingnews.com - March 5 at 11:38 AM
	Bogle Investment Management L P DE Acquires 34,008 Shares of Novanta Inc (NOVT) www.americanbankingnews.com - March 4 at 4:54 AM
	Martingale Asset Management L P Sells 17,100 Shares of Novanta Inc (NOVT) www.americanbankingnews.com - March 3 at 11:52 AM
	Q1 2018 Earnings Estimate for Novanta Inc (NOVT) Issued By William Blair www.americanbankingnews.com - March 2 at 8:42 AM
	Schroder Investment Management Group Boosts Stake in Novanta Inc (NOVT) www.americanbankingnews.com - March 1 at 6:32 PM
	Novanta (NOVT) Receives "Buy" Rating from Robert W. Baird www.americanbankingnews.com - March 1 at 5:40 PM
	Novanta Inc (NOVT) Shares Sold by Royce & Associates LP www.americanbankingnews.com - March 1 at 8:24 AM
	Analysts Set Expectations for Novanta Inc's FY2017 Earnings (NOVT) www.americanbankingnews.com - March 1 at 7:20 AM
	CTS (CTS) & Novanta (NOVT) Head to Head Analysis www.americanbankingnews.com - March 1 at 1:12 AM
	Novanta Announces Financial Results for the Fourth Quarter and Full Year 2017 finance.yahoo.com - February 28 at 5:24 PM
	Novanta posts 4Q loss finance.yahoo.com - February 28 at 5:24 PM
	Novanta (NOVT) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS www.americanbankingnews.com - February 28 at 12:36 PM
	Novanta (NOVT) Updates Q1 Earnings Guidance www.americanbankingnews.com - February 28 at 9:32 AM
	Novanta (NOVT) Issues FY18 Earnings Guidance www.americanbankingnews.com - February 28 at 9:32 AM
	Novanta Inc. to Host Earnings Call finance.yahoo.com - February 28 at 8:57 AM
	Novanta Inc (NOVT) Shares Sold by EAM Investors LLC www.americanbankingnews.com - February 27 at 3:00 PM
	Cortina Asset Management LLC Invests $8.98 Million in Novanta Inc (NOVT) Stock www.americanbankingnews.com - February 27 at 1:40 PM
	Novanta Inc (NOVT) Holdings Trimmed by AlphaOne Investment Services LLC www.americanbankingnews.com - February 26 at 5:08 AM
	Arrowstreet Capital Limited Partnership Has $15.63 Million Stake in Novanta Inc (NOVT) www.americanbankingnews.com - February 26 at 4:46 AM

Novanta (NASDAQ:NOVT) SEC Filings

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Novanta (NASDAQ:NOVT) Income Statement, Balance Sheet and Cash Flow Statement

Novanta (NASDAQ NOVT) Stock Chart for Tuesday, April, 24, 2018

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This page was last updated on 4/24/2018 by MarketBeat.com Staff