Novanta Inc. (NOVT)

NASDAQ: NOVT · IEX Real-Time Price · USD
153.00
+1.72 (1.14%)
Aug 15, 2022 4:00 PM EDT - Market closed
1.14%
Market Cap 5.45B
Revenue (ttm) 796.26M
Net Income (ttm) 63.66M
Shares Out 35.64M
EPS (ttm) 1.78
PE Ratio 85.96
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 171,657
Open 150.73
Previous Close 151.28
Day's Range 150.73 - 153.62
52-Week Range 110.84 - 184.44
Beta 1.16
Analysts Buy
Price Target 145.52 (-4.9%)
Earnings Date Aug 9, 2022

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...]

Industry Electronic Equipment, Instruments & Components
Founded 1968
Employees 2,700
Stock Exchange NASDAQ
Ticker Symbol NOVT
Full Company Profile

Financial Performance

In 2021, Novanta's revenue was $706.79 million, an increase of 19.67% compared to the previous year's $590.62 million. Earnings were $50.33 million, an increase of 13.05%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for NOVT stock is "Buy." The 12-month stock price forecast is 145.52, which is a decrease of -4.89% from the latest price.

Price Target
$145.52
(-4.89% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Novanta (NOVT) Q2 Earnings and Revenues Beat Estimates

Novanta (NOVT) delivered earnings and revenue surprises of 8.33% and 3.19%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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 fo...

Novanta (NOVT) Moves 9.6% Higher: Will This Strength Last?

Novanta (NOVT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in th...

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 202...

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 Glast...

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 Buckley...

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 Buckley...

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 fo...

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 2022...

Novanta (NOVT) Soars 7.1%: Is Further Upside Left in the Stock?

Novanta (NOVT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Novanta (NOVT) Surpasses Q4 Earnings and Revenue Estimates

Novanta (NOVT) delivered earnings and revenue surprises of 6.35% and 4.55%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

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 financi...

Novanta Partners with MassRobotics to Advance Next Generation of Robotics

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

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 and...

Novanta to Present at the CJS Securities 22nd Annual New Ideas for the New Year Investor Conference on Wednesday, Jan...

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 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 Glastr...

Novanta (NOVT) Surpasses Q3 Earnings and Revenue Estimates

Novanta (NOVT) delivered earnings and revenue surprises of 22.95% and 2.61%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

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 for...

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.

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 Glastr...

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

Other symbols: PVHSCSCWTS

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...