Novanta (NOVT) Projected to Post Earnings on Tuesday

Novanta (NASDAQ:NOVT) is expected to be releasing its earnings data 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Novanta Price Performance

NOVT opened at $140.51 on Monday. The company has a 50-day moving average of $150.14 and a 200-day moving average of $165.22. The company has a market capitalization of $5.05 billion, a P/E ratio of 84.14 and a beta of 1.28. Novanta has a 1-year low of $139.78 and a 1-year high of $187.12. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.81 and a current ratio of 2.79.

Wall Street Analysts Forecast Growth

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

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.