Novanta (NOVT) Expected to Announce Earnings on Tuesday

Novanta (NASDAQ:NOVT) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Novanta to post earnings of $0.81 per share and revenue of $240.29 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Novanta Trading Down 1.6 %

Shares of NOVT opened at $140.51 on Friday. The firm’s 50-day moving average is $150.14 and its two-hundred day moving average is $165.24. The firm has a market capitalization of $5.05 billion, a P/E ratio of 84.14 and a beta of 1.28. Novanta has a twelve month low of $139.78 and a twelve month high of $187.12. The company has a current ratio of 2.79, a quick ratio of 1.81 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

Separately, Robert W. Baird lowered their price target on shares of Novanta from $175.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th.

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.