Novanta Inc. (NOVT)

Market Cap	5.89B
Revenue (ttm)	875.81M
Net Income (ttm)	73.50M
Shares Out	35.81M
EPS (ttm)	2.05
PE Ratio	82.81
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	52,425
Open	168.37
Previous Close	169.77
Day's Range	162.41 - 168.38
52-Week Range	110.84 - 173.10
Beta	1.30
Analysts	Hold
Price Target	161.00 (-2.06%)
Earnings Date	May 9, 2023

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. The company's Photonics segment offers photonics-based solutions, including laser scanning and beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequen...

• Industry: Scientific & Technical Instruments
• Sector: Technology
• Founded: 1968
• Employees: 3,000
• Stock Exchange: NASDAQ
• Ticker Symbol: NOVT

Financial Performance

In 2022, Novanta's revenue was $860.90 million, an increase of 21.80% compared to the previous year's $706.79 million. Earnings were $74.05 million, an increase of 47.13%.

Analyst Forecast

According to one analyst, the rating for NOVT stock is "Hold" and the 12-month stock price forecast is $161.0.

Price Target

$161.0

(-2.06% downside)

Analyst Consensus: Hold