Novanta (NASDAQ:NOVT) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Novanta (NASDAQ:NOVT) released its quarterly earnings results on Monday. The technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.03, FiscalAI reports. Novanta had a return on equity of 13.12% and a net margin of 5.49%.The company had revenue of $257.71 million for the quarter, compared to analysts’ expectations of $253.40 million. During the same period in the previous year, the business posted $0.74 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Novanta updated its FY 2026 guidance to 3.500-3.650 EPS and its Q2 2026 guidance to 0.810-0.860 EPS.

Novanta Stock Up 1.2%

Shares of NASDAQ NOVT opened at $139.98 on Tuesday. The company has a quick ratio of 2.80, a current ratio of 3.69 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.98 billion, a PE ratio of 95.88 and a beta of 1.62. The company’s fifty day simple moving average is $126.00 and its 200 day simple moving average is $125.45. Novanta has a 12-month low of $98.27 and a 12-month high of $149.95.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Novanta in a report on Friday, April 17th. Robert W. Baird raised shares of Novanta from a “neutral” rating to an “outperform” rating and dropped their price target for the company from $150.00 to $144.00 in a research note on Monday, March 30th. Wall Street Zen lowered shares of Novanta from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Zacks Research raised shares of Novanta from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $144.00.

Insider Buying and Selling at Novanta

In other news, CFO Robert Buckley sold 9,957 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $116.77, for a total transaction of $1,162,678.89. Following the transaction, the chief financial officer owned 96,616 shares of the company’s stock, valued at $11,281,850.32. This represents a 9.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthijs Glastra sold 6,500 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $130.05, for a total value of $845,325.00. Following the completion of the sale, the chief executive officer owned 56,761 shares of the company’s stock, valued at approximately $7,381,768.05. This represents a 10.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 17,880 shares of company stock valued at $2,208,476. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NOVT. State Street Corp boosted its holdings in Novanta by 1.0% in the fourth quarter. State Street Corp now owns 1,319,474 shares of the technology company’s stock worth $157,004,000 after acquiring an additional 13,603 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Novanta by 10.6% during the second quarter. Wasatch Advisors LP now owns 1,100,029 shares of the technology company’s stock valued at $141,827,000 after acquiring an additional 104,985 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Novanta by 3.8% during the fourth quarter. JPMorgan Chase & Co. now owns 781,562 shares of the technology company’s stock worth $92,998,000 after purchasing an additional 28,451 shares during the period. Schroder Investment Management Group raised its position in shares of Novanta by 206.1% during the fourth quarter. Schroder Investment Management Group now owns 600,146 shares of the technology company’s stock worth $72,540,000 after purchasing an additional 404,097 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Novanta by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 597,921 shares of the technology company’s stock worth $71,149,000 after purchasing an additional 2,985 shares in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

About Novanta

Novanta, Inc (NASDAQ: NOVT) is a global technology company that designs and manufactures precision components, subsystems and software used in advanced photonics and motion control applications. The company serves customers in the medical device and advanced industrial markets, supplying critical technologies for diagnostics and therapeutic systems, semiconductor and electronics manufacturing, and scientific instrumentation. Novanta’s product portfolio includes laser control modules, optics, beam delivery systems, high-precision motors, actuators, stages, and fluidics solutions designed to meet stringent accuracy and reliability requirements.

Novanta’s Photonics segment delivers laser and energy delivery components that enable minimally invasive surgical procedures and diagnostic imaging.