Novanta Inc. (NOVT)
| Market Cap | 5.78B |
| Revenue (ttm) | 620.53M |
| Net Income (ttm) | 43.89M |
| Shares Out | 35.37M |
| EPS (ttm) | 1.23 |
| PE Ratio | 132.34 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 24,002 |
| Open | 163.38 |
| Previous Close | 164.03 |
| Day's Range | 162.53 - 164.98 |
| 52-Week Range | 106.95 - 168.73 |
| Beta | 0.98 |
| Analysts | Hold |
| Price Target | 145.00 (-10.9%) |
| Est. Earnings Date | Nov 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...
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 StatementsAnalyst 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.
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...
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...
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).
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
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...
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...
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...
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?
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 $...
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...
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.
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...
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 ...
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...
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...
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.
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...
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,...
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...
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...
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...
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...
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?
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.
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...