Novanta/NOVT

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About Novanta

Novanta Inc. is a supplier of core technology solutions, which give medical and advanced industrial original equipment manufacturers. The Company has three segments. Precision Medicine and Manufacturing segment designs, manufactures and markets photonics-based solutions, including laser scanning, laser beam delivery, carbon dioxide laser, solid state laser, ultrafast laser, and optical light engine products to customers worldwide. Medical Solutions segment designs, manufactures and markets a range of medical grade technologies, including medical insufflators, pumps and related disposables; visualization solutions; wireless technologies, video recorders and video integration technologies, and others. Robotics and Automation segment designs, manufactures and markets optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, and air bearing spindles to customers worldwide.

Ticker

NOVT

Sector

Technology

Trading on

NASDAQ

Industry

Medical Equipment & Supplies

Headquarters

Bedford, United States

Employees

2,900

Novanta Metrics

BasicAdvanced
$5.8B
Market cap
84.39
P/E ratio
$1.92
EPS
1.35
Beta
-
Dividend rate
$5.8B
1.35
$187.61
$111.20
2.7
2.832
1.766
75.194
76.011
66.197
4.42%
5.26%
10.83%
5.92%
84.389
6.515
8.537
48.544
2.01%
-5.98%
14.29%
17.44%

What the Analysts think about Novanta

Analyst Ratings

Majority rating from 3 analysts.
Buy

Novanta Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
6.32% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$231M
9.17%
Net income
$15M
16.80%
Profit margin
6.32%
6.94%

Novanta Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 28.32%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.80
$0.85
$0.63
$0.74
-
Expected
$0.73
$0.74
$0.63
$0.58
$0.69
Surprise
9.59%
14.35%
0.53%
28.32%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.
Market closedNon-fractional

Upcoming events

No upcoming events

FAQs

What’s the current market cap for Novanta stock?

Novanta (NOVT) has a market cap of $5.8B as of June 22, 2024.

What is the P/E ratio for Novanta stock?

The price to earnings (P/E) ratio for Novanta (NOVT) stock is 84.39 as of June 22, 2024.

Does Novanta stock pay dividends?

No, Novanta (NOVT) stock does not pay dividends to its shareholders as of June 22, 2024.

When is the next Novanta dividend payment date?

Novanta (NOVT) stock does not pay dividends to its shareholders.

What is the beta indicator for Novanta?

Novanta (NOVT) has a beta rating of 1.35. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Novanta stock price target?

The target price for Novanta (NOVT) stock is $178.5, which is NaN% below the current price of $. This is an average based on projections from 2 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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