Novanta (NASDAQ:NOVT) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.53-$0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.57. The company issued revenue guidance of $153-$155 million, compared to the consensus revenue estimate of $160.88 million.Novanta also updated its FY 2019 guidance to $2.36-2.42 EPS.
NASDAQ NOVT opened at $79.89 on Friday. Novanta has a 52 week low of $55.68 and a 52 week high of $89.78. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.78 and a current ratio of 2.83. The firm has a market cap of $2.80 billion, a PE ratio of 36.99 and a beta of 1.46.
Novanta (NASDAQ:NOVT) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $157.20 million for the quarter, compared to analyst estimates of $155.85 million. Novanta had a return on equity of 19.26% and a net margin of 7.92%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 EPS. Sell-side analysts expect that Novanta will post 2.41 earnings per share for the current fiscal year.
Novanta Company Profile
Novanta Inc, together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. The company's Photonics segment offers photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products for photonics-based applications, such as industrial material processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures.
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