Novanta (NASDAQ:NOVT) Issues Q1 2025 Earnings Guidance

Novanta (NASDAQ:NOVT) updated its first quarter 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.630-0.710 for the period, compared to the consensus estimate of 0.780. The company issued revenue guidance of $232.0 million-$236.0 million, compared to the consensus revenue estimate of $244.9 million. Novanta also updated its FY 2025 guidance to 3.350-3.550 EPS.

Novanta Stock Up 2.4 %

NOVT stock traded up $3.61 during trading on Wednesday, hitting $151.86. 9,400 shares of the stock traded hands, compared to its average volume of 218,562. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 90.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.79 and a quick ratio of 1.81. Novanta has a 1 year low of $137.91 and a 1 year high of $187.12. The firm’s 50 day moving average is $149.48 and its two-hundred day moving average is $164.96.

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 the consensus estimate of $0.71 by $0.05. The firm had revenue of $238.10 million for the quarter, compared to the consensus estimate of $240.29 million. Novanta had a net margin of 6.52% and a return on equity of 15.20%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, sell-side analysts anticipate that Novanta will post 3.03 EPS for the current year.

Analysts Set New Price Targets

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