Novanta (NASDAQ:NOVT) Releases FY 2025 Earnings Guidance

Novanta (NASDAQ:NOVT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.350-3.550 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

Separately, Robert W. Baird cut their price objective on shares of Novanta from $175.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th.

Novanta Stock Up 2.4 %

Shares of NASDAQ NOVT traded up $3.61 during midday trading on Wednesday, hitting $151.86. The company’s stock had a trading volume of 9,400 shares, compared to its average volume of 218,562. Novanta has a 1 year low of $137.91 and a 1 year high of $187.12. The business’s fifty day simple moving average is $149.48 and its two-hundred day simple moving average is $164.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.79 and a quick ratio of 1.81. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 90.42 and a beta of 1.28.

Novanta (NASDAQ:NOVT) last issued its earnings results on Tuesday, February 25th. The technology company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.05. The business had revenue of $238.10 million for the quarter, compared to analyst estimates of $240.29 million. Novanta had a return on equity of 15.20% and a net margin of 6.52%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. On average, equities analysts predict that Novanta will post 3.03 EPS for the current year.

About Novanta

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.