William Blair Issues Negative Estimate for Novanta Earnings

Novanta Inc. (NASDAQ:NOVT) – Equities researchers at William Blair lowered their Q2 2025 earnings estimates for shares of Novanta in a report issued on Wednesday, May 7th. William Blair analyst B. Drab now forecasts that the technology company will earn $0.74 per share for the quarter, down from their prior forecast of $0.76. The consensus estimate for Novanta’s current full-year earnings is $3.03 per share. William Blair also issued estimates for Novanta’s Q4 2025 earnings at $1.00 EPS, FY2025 earnings at $3.44 EPS and FY2026 earnings at $4.21 EPS.

Separately, Robert W. Baird cut their price target on Novanta from $169.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd.

Novanta Stock Performance

Shares of NOVT opened at $121.91 on Friday. Novanta has a 1 year low of $98.76 and a 1 year high of $187.12. The stock has a market capitalization of $4.38 billion, a PE ratio of 73.00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.81 and a current ratio of 2.79. The stock has a 50-day simple moving average of $124.00 and a 200-day simple moving average of $146.36.

Novanta (NASDAQ:NOVT) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.06. Novanta had a return on equity of 15.20% and a net margin of 6.52%. The business had revenue of $233.37 million for the quarter, compared to analysts’ expectations of $233.34 million. During the same period last year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year.

Institutional Investors Weigh In On Novanta

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Novanta by 215.1% during the 3rd quarter. Barclays PLC now owns 65,564 shares of the technology company’s stock worth $11,731,000 after purchasing an additional 44,756 shares during the period. Tidal Investments LLC raised its holdings in shares of Novanta by 61.8% in the third quarter. Tidal Investments LLC now owns 6,469 shares of the technology company’s stock valued at $1,157,000 after buying an additional 2,471 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Novanta by 61.6% during the third quarter. Franklin Resources Inc. now owns 214,893 shares of the technology company’s stock worth $37,916,000 after buying an additional 81,942 shares during the period. Argent Capital Management LLC grew its holdings in shares of Novanta by 35.9% during the fourth quarter. Argent Capital Management LLC now owns 3,956 shares of the technology company’s stock worth $604,000 after buying an additional 1,045 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Novanta by 4.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 120,566 shares of the technology company’s stock valued at $18,419,000 after acquiring an additional 4,648 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Novanta Company Profile

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.