Novanta (NASDAQ:NOVT) Issues FY 2026 Earnings Guidance

Novanta (NASDAQ:NOVT) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided EPS guidance of 3.500-3.650 for the period, compared to the consensus EPS estimate of 3.610. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.0 billion. Novanta also updated its Q1 2026 guidance to 0.750-0.800 EPS.

Novanta Stock Down 2.5%

NASDAQ NOVT traded down $3.58 on Monday, reaching $142.38. The company had a trading volume of 625,403 shares, compared to its average volume of 450,514. The company has a quick ratio of 1.54, a current ratio of 2.51 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average is $131.69 and its 200 day moving average is $119.68. Novanta has a 52-week low of $98.27 and a 52-week high of $153.20. The stock has a market capitalization of $5.09 billion, a P/E ratio of 96.86 and a beta of 1.62.

Novanta (NASDAQ:NOVT) last posted its quarterly earnings data on Monday, February 23rd. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $258.35 million for the quarter, compared to the consensus estimate of $260.72 million. Novanta had a net margin of 5.50% and a return on equity of 14.53%. Novanta has set its FY 2026 guidance at 3.500-3.650 EPS and its Q1 2026 guidance at 0.750-0.800 EPS. Sell-side analysts anticipate that Novanta will post 3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of Novanta from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings raised Novanta from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $133.00.

Insider Transactions at Novanta

In other Novanta news, CEO Matthijs Glastra sold 7,500 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $145.04, for a total transaction of $1,087,800.00. Following the completion of the transaction, the chief executive officer directly owned 57,367 shares of the company’s stock, valued at approximately $8,320,509.68. This represents a 11.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Buckley sold 1,423 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $140.14, for a total value of $199,419.22. Following the completion of the sale, the chief financial officer directly owned 91,034 shares of the company’s stock, valued at $12,757,504.76. This represents a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,923 shares of company stock valued at $3,182,264 in the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Novanta

Several hedge funds and other institutional investors have recently modified their holdings of NOVT. State Street Corp increased its holdings in shares of 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 purchasing an additional 13,603 shares during the period. Wasatch Advisors LP raised its holdings in shares of Novanta by 10.6% in the 2nd 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. grew its holdings 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 in the last quarter. Schroder Investment Management Group grew its holdings 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Novanta by 0.5% in the fourth 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 during the last quarter. Institutional investors own 98.35% of the company’s stock.

Novanta Company Profile

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.