Novanta (NOVT) Projected to Post Earnings on Tuesday

Novanta (NASDAQ:NOVT) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce 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 Friday. The company has a fifty day simple moving average of $150.14 and a 200 day simple moving average of $165.24. The firm has a market cap of $5.05 billion, a price-to-earnings 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 for the company in a 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.