Novanta (NASDAQ:NOVT) Announces Earnings Results, Beats Expectations By $0.06 EPS

Novanta (NASDAQ:NOVT) issued its quarterly earnings results on Tuesday. The technology company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.06, Zacks reports. Novanta had a return on equity of 15.20% and a net margin of 6.52%. During the same period in the prior year, the firm posted $0.74 earnings per share. Novanta’s revenue was up 1.1% on a year-over-year basis. Novanta updated its Q2 2025 guidance to 0.680-0.780 EPS.

Novanta Stock Down 3.0 %

NOVT stock traded down $3.59 during midday trading on Tuesday, hitting $116.43. 202,965 shares of the company’s stock were exchanged, compared to its average volume of 200,944. The firm has a 50 day moving average price of $125.50 and a 200-day moving average price of $147.12. Novanta has a 12-month low of $98.76 and a 12-month high of $187.12. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 70.05 and a beta of 1.51. The company has a current ratio of 2.79, a quick ratio of 1.81 and a debt-to-equity ratio of 0.61.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird dropped their target price on shares of Novanta from $169.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd.

About Novanta

Novanta, Inc engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products.