Novanta (NASDAQ:NOVT – Get Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Novanta has set its Q2 guidance at $0.68 to $0.74 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Novanta (NASDAQ:NOVT – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.57 by $0.17. The firm had revenue of $230.92 million for the quarter, compared to analyst estimates of $227.85 million. Novanta had a net margin of 7.76% and a return on equity of 16.58%. Novanta’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. On average, analysts expect Novanta to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Novanta Stock Down 4.5 %
Shares of NASDAQ:NOVT opened at $162.69 on Monday. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 84.30 and a beta of 1.31. The firm’s 50-day simple moving average is $167.27 and its 200-day simple moving average is $165.25. The company has a quick ratio of 1.77, a current ratio of 2.83 and a debt-to-equity ratio of 0.75. Novanta has a fifty-two week low of $111.20 and a fifty-two week high of $187.12.
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About Novanta
Novanta Inc, together with its subsidiaries, provides precision medicine and manufacturing, medical solutions, and robotics and automation solutions in the United States and internationally. The company operates through three segments: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation.
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