Novanta (NASDAQ:NOVT) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.40-0.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.38. The company issued revenue guidance of $138-142 million, compared to the consensus revenue estimate of $140.71 million.Novanta also updated its FY18 guidance to $1.85-1.96 EPS.
Shares of Novanta (NASDAQ NOVT) traded down $0.20 during trading on Wednesday, hitting $54.40. 271,100 shares of the stock were exchanged, compared to its average volume of 244,733. Novanta has a 52-week low of $23.75 and a 52-week high of $60.30. The stock has a market capitalization of $1,888.73, a P/E ratio of 40.00 and a beta of 1.33. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.00 and a current ratio of 2.93.
Novanta (NASDAQ:NOVT) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Novanta had a net margin of 12.45% and a return on equity of 18.29%. The firm had revenue of $146.92 million for the quarter, compared to the consensus estimate of $146.35 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter was up 48.6% on a year-over-year basis. equities research analysts expect that Novanta will post 1.58 EPS for the current year.
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Novanta Company Profile
Novanta Inc, formerly GSI Group Inc, designs, develops, manufactures and sells precision photonic and motion control components and subsystems. The Company’s segments are Photonics, Vision and Precision Motion. The Photonics segment designs, manufactures and markets photonics-based solutions, including carbon dioxide (CO2) laser sources, laser scanning and laser beam delivery products, to customers around the world.
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