Novanta Inc. (NOVT)

NASDAQ: NOVT · IEX Real-Time Price · USD
164.39
-5.39 (-3.17%)
Jun 5, 2023, 1:17 PM EDT - Market open
-3.17%
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... [Read more]

Sector Technology
Founded 1968
Employees 3,000
Stock Exchange NASDAQ
Ticker Symbol NOVT
Full Company Profile

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%.

Financial Statements

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
Stock Forecasts

News

Novanta to Present at Baird's 2023 Global Consumer, Technology & Services Conference on Wednesday, June 7, 2023

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 Gla...

1 week ago - Business Wire

Novanta to Present at the William Blair 43rd Annual Growth Stock Conference on Tuesday, June 6, 2023

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 Gla...

2 weeks ago - Business Wire

Novanta Announces Financial Results for the First Quarter 2023

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

3 weeks ago - Business Wire
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Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, May 9, 2023

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, will release its first quarter 20...

1 month ago - Business Wire

Novanta Announces Financial Results for the Fourth Quarter and Full Year 2022

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

3 months ago - Business Wire

Novanta Inc. Schedules Earnings Release and Conference Call for Wednesday, March 1, 2023

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

4 months ago - Business Wire

Novanta to Present at the CJS Securities 23rd Annual New Ideas for the New Year Investor Conference on Wednesday, January 11, 2023

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 Buc...

6 months ago - Business Wire

Novanta to Present at the J.P. Morgan Healthcare Conference on Tuesday, January 10, 2023

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 G...

6 months ago - Business Wire
}

Novanta Announces Financial Results for the Third Quarter 2022

BEDFORD, Mass.

7 months ago - Business Wire

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, November 8, 2022

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 20...

8 months ago - Business Wire

Novanta Announces Financial Results for the Second Quarter 2022

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 ...

10 months ago - Business Wire

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, August 9, 2022

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 2...

11 months ago - Business Wire
}

Novanta to Present at the CJS Securities 22nd Annual “New Ideas” Summer Conference on Tuesday, July 12, 2022

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 Gla...

1 year ago - Business Wire

Novanta to Present at Baird's 2022 Global Consumer, Technology & Services Conference on Tuesday, June 7, 2022

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 Buckl...

1 year ago - Business Wire

Novanta to Present at the William Blair 42nd Annual Growth Stock Conference on Monday, June 6, 2022

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 Buckl...

1 year ago - Business Wire

Novanta Announces Financial Results for the First Quarter 2022

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 ...

1 year ago - Business Wire

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, May 10, 2022

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, will release its first quarter 20...

1 year ago - Business Wire

Novanta Announces Financial Results for the Fourth Quarter and Full Year 2021

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

1 year ago - Business Wire

Novanta Partners with MassRobotics to Advance Next Generation of Robotics

BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Partners with MassRobotics to Advance Next Generation of Robotics

1 year ago - Business Wire

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, March 01, 2022

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

1 year ago - Business Wire

Novanta to Present at the CJS Securities 22nd Annual New Ideas for the New Year Investor Conference on Wednesday, January 12, 2022

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 Buckl...

1 year ago - Business Wire

Novanta to Present at the J.P. Morgan Healthcare Conference on Tuesday, January 11, 2022

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 Glas...

1 year ago - Business Wire

Novanta Announces Financial Results for the Third 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 f...

1 year ago - Business Wire

Novanta to Present at Baird's 2021 Global Industrial Conference on Wednesday, November 10, 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 Glas...

1 year ago - Business Wire