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Novanta Inc. (NOVT)

NASDAQ: NOVT · IEX Real-Time Price · USD
162.78 -1.25 (-0.76%)
Oct 21, 2021 2:29 PM EDT - Market open
Market Cap5.78B
Revenue (ttm)620.53M
Net Income (ttm)43.89M
Shares Out35.37M
EPS (ttm)1.23
PE Ratio132.34
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume24,002
Open163.38
Previous Close164.03
Day's Range162.53 - 164.98
52-Week Range106.95 - 168.73
Beta0.98
AnalystsHold
Price Target145.00 (-10.9%)
Est. Earnings DateNov 9, 2021

About NOVT

Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. Its Photonics segment offers photonics-based solutions, including laser scanning and beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products for photonics-based applications, such as industrial processing, metrology, medical and life science imaging, DNA sequencing, and...

IndustryElectronic Equipment, Instruments & Components
Founded1968
Employees2,200
Stock ExchangeNASDAQ
Ticker SymbolNOVT
Full Company Profile

Financial Performance

In 2020, Novanta's revenue was $590.62 million, a decrease of -5.67% compared to the previous year's $626.10 million. Earnings were $44.52 million, an increase of 9.19%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for Novanta stock is "Hold." The 12-month stock price forecast is 145.00, which is a decrease of -10.92% from the latest price.

Price Target
$145.00
(-10.92% downside)
Analyst Consensus: Hold

News

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, November 09, 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, will release its third quarter 2021...

1 week ago - Business Wire

Novanta (NOVT) Moves 4.2% Higher: Will This Strength Last?

Novanta (NOVT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down...

4 weeks ago - Zacks Investment Research

All You Need to Know About Novanta (NOVT) Rating Upgrade to Strong Buy

Novanta (NOVT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

1 month ago - Zacks Investment Research

Top Ranked Momentum Stocks to Buy for September 3rd

PVH, WTS, SCSC, and NOVT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 3, 2021

Other symbols:PVHSCSCWTS
1 month ago - Zacks Investment Research

Novanta to Present at Baird's 2021 Global Healthcare Conference on Wednesday, September 15, 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Matthijs Glast...

1 month ago - Business Wire

Novanta Completes Acquisitions of SEM and ATI and Updates Financial Guidance

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that it has complet...

1 month ago - Business Wire

Novanta Q2 Result Tops Estimates, Raises FY21 Outlook

Novanta Inc (NASDAQ: NOVT) reported second-quarter FY21 revenue growth of 15.8% year-on-year to $167.5 million, beating the analyst consensus of $164.3 million. The revenue reported an 11.4% organic gro...

2 months ago - Benzinga

Novanta (NOVT) Q2 Earnings and Revenues Surpass Estimates

Novanta (NOVT) delivered earnings and revenue surprises of 21.57% and 2.08%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Novanta: Q2 Earnings Insights

Shares of Novanta (NASDAQ:NOVT) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share increased 29.17% over the past year to $0.62, which beat the estimate of $...

2 months ago - Benzinga

Novanta Announces Financial Results for the Second Quarter 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, today reported financial results fo...

2 months ago - Business Wire

Novanta (NOVT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Novanta (NOVT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Harris Williams Advises ATI Industrial Automation on its Pending Sale to Novanta Inc.

RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising ATI Industrial Automation (ATI) on its pending sale to Novanta I...

3 months ago - Business Wire

Novanta To Acquire ATI For $172M Cash Plus Earnout

Novanta Inc (NASDAQ: NOVT) inked an agreement to acquire ATI Industrial Automation for $172 million upfront in cash and earnout consideration based on 2021 financial performance.  Additionally, Novanta ...

3 months ago - Benzinga

Novanta Announces Agreement to Acquire ATI

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that it has reached...

3 months ago - Business Wire

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, August 10, 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, will release its second quarter 202...

3 months ago - Business Wire

Novanta To Acquire Schneider Electric Motion USA For $115M Cash

Novanta Inc (NASDAQ: NOVT) inked an agreement to acquire Schneider Electric Motion USA (SEM, IMS, or Intelligent Motion Systems) for $115 million in cash. The transaction is likely to close in Q3 of 2021.

3 months ago - Benzinga

Novanta Announces Agreement to Acquire Schneider Electric Motion USA

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (“Novanta” or the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that i...

3 months ago - Business Wire

Novanta to Present at the 21st Annual CJS Securities New Ideas Summer (Virtual) Conference on Tuesday, July 13, 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq:NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Robert Buckley,...

3 months ago - Business Wire

Novanta to Present at the Baird's 2021 Global Consumer, Technology & Services Conference on Tuesday, June 8, 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Matthijs Glast...

5 months ago - Business Wire

CORRECTING and REPLACING Novanta to Present at the William Blair's 41st Annual Growth Stock Conference on Wednesday, ...

BEDFORD, Mass.--(BUSINESS WIRE)--Date in Headline and first paragraph should read: Wednesday, June 2, 2021 (instead of Wednesday, May 26, 2021). The updated release reads:  NOVANTA TO PRESENT AT THE WIL...

5 months ago - Business Wire

Novanta to Present at the William Blair's 41st Annual Growth Stock Conference on Wednesday, May 26, 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the "Company"), a trusted technology partner to medical and advanced technology equipment manufacturers, announced today that Matthijs Glast...

5 months ago - Business Wire

Novanta Stock Is Trading Higher On Q1 Earnings Beat, Strong Guidance

Novanta Inc (NASDAQ: NOVT) reported first-quarter FY21 revenue growth of 4.6% year-on-year to $162.6 million, beating the analyst consensus of $156.3 million. Photonics revenue rose 6.1% Y/Y to $58.5 mi...

5 months ago - Benzinga

Novanta (NOVT) Beats Q1 Earnings and Revenue Estimates

Novanta (NOVT) delivered earnings and revenue surprises of 52.63% and 3.88%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Novanta: Q1 Earnings Insights

Shares of Novanta (NASDAQ:NOVT) remained unaffected after the company reported Q1 results. Quarterly Results Earnings per share were up 13.73% year over year to $0.58, which beat the estimate of $0.39.

5 months ago - Benzinga

Novanta Announces Financial Results for the First Quarter 2021

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, today reported financial results fo...

5 months ago - Business Wire