Novanta (NASDAQ:NOVT) Issues 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 (EPS) guidance of 3.350-3.550 for the period, compared to the consensus 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 Down 2.2 %

NASDAQ:NOVT traded down $3.33 on Thursday, hitting $145.97. 56,728 shares of the company’s stock traded hands, compared to its average volume of 227,734. The firm has a 50-day moving average price of $148.99 and a 200-day moving average price of $164.69. The company has a current ratio of 2.79, a quick ratio of 1.81 and a debt-to-equity ratio of 0.61. The company has a market cap of $5.24 billion, a PE ratio of 87.31 and a beta of 1.28. Novanta has a 1 year low of $137.91 and a 1 year high of $187.12.

Novanta (NASDAQ:NOVT) last released its quarterly earnings data on Tuesday, February 25th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.05. Novanta had a net margin of 6.52% and a return on equity of 15.20%. The firm had revenue of $238.10 million for the quarter, compared to analyst estimates of $240.29 million. During the same quarter in the prior year, the business earned $0.63 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities analysts anticipate that Novanta will post 3.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their price target on Novanta from $175.00 to $169.00 and set a “neutral” rating for the company in a research note 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.