Novanta (NASDAQ:NOVT) Updates FY 2025 Earnings Guidance

Novanta (NASDAQ:NOVT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.350-3.550 for the period, compared to the consensus earnings per share estimate of 3.790. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Novanta also updated its FY25 guidance to $3.35-$3.55 EPS.

Novanta Stock Up 4.6 %

NOVT traded up $6.31 on Tuesday, hitting $144.61. 234,003 shares of the company were exchanged, compared to its average volume of 209,572. The company has a market cap of $5.19 billion, a PE ratio of 86.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.81 and a current ratio of 2.79. Novanta has a 12 month low of $137.91 and a 12 month high of $187.12. The stock’s fifty day moving average is $149.48 and its 200-day moving average is $164.96.

Novanta (NASDAQ:NOVT) last posted its earnings results on Tuesday, February 25th. The technology company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.05). Novanta had a return on equity of 15.20% and a net margin of 6.52%. The business had revenue of $238.10 million for the quarter, compared to analyst estimates of $240.29 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts predict that Novanta will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reduced their price target on Novanta from $175.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th.

Novanta Company Profile

Novanta, Inc engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products.