William Blair Issues Negative Estimate for Novanta Earnings

Novanta Inc. (NASDAQ:NOVT) – Equities researchers at William Blair cut their FY2026 EPS estimates for Novanta in a research report issued on Tuesday, August 5th. William Blair analyst B. Drab now anticipates that the technology company will post earnings per share of $3.81 for the year, down from their previous forecast of $4.21. The consensus estimate for Novanta’s current full-year earnings is $3.03 per share.

Separately, Wall Street Zen raised shares of Novanta from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd.

Novanta Stock Performance

Novanta stock opened at $115.67 on Friday. The company has a 50 day moving average price of $125.45 and a 200-day moving average price of $129.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.70 and a current ratio of 2.54. Novanta has a fifty-two week low of $98.76 and a fifty-two week high of $186.75. The company has a market capitalization of $4.16 billion, a PE ratio of 68.04 and a beta of 1.48.

Novanta (NASDAQ:NOVT) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $241.05 million during the quarter, compared to the consensus estimate of $237.97 million. Novanta had a net margin of 6.41% and a return on equity of 14.70%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share.

Institutional Trading of Novanta

Several institutional investors and hedge funds have recently modified their holdings of NOVT. State of Michigan Retirement System increased its holdings in Novanta by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,600 shares of the technology company’s stock valued at $1,100,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System increased its holdings in Novanta by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the technology company’s stock valued at $1,291,000 after buying an additional 100 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Novanta by 4.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,376 shares of the technology company’s stock valued at $304,000 after buying an additional 103 shares during the period. State of Alaska Department of Revenue increased its holdings in Novanta by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 4,201 shares of the technology company’s stock valued at $537,000 after buying an additional 105 shares during the period. Finally, State of Wyoming increased its holdings in Novanta by 4.4% during the fourth quarter. State of Wyoming now owns 2,536 shares of the technology company’s stock valued at $387,000 after buying an additional 106 shares during the period. Institutional investors own 98.35% of the company’s stock.

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.