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 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 Price Performance

Shares of NASDAQ NOVT traded down $3.33 during trading on Thursday, hitting $145.97. The company had a trading volume of 56,728 shares, compared to its average volume of 227,734. Novanta has a 52 week low of $137.91 and a 52 week high of $187.12. The business’s 50-day moving average is $148.99 and its 200 day moving average is $164.69. The company has a market cap of $5.24 billion, a P/E ratio of 87.31 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 (NASDAQ:NOVT) last issued its earnings results on Tuesday, February 25th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 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 analysts’ expectations of $240.29 million. During the same period in the previous year, the firm posted $0.63 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts predict that Novanta will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.