Sono-Tek (NASDAQ:SOTK) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Key Points

• Sono-Tek reported quarterly EPS of $0.02, missing analysts’ $0.04 estimate by $0.02. Revenue totaled $5.23 million, below the $5.54 million consensus forecast.
• SOTK shares opened at $7.12 and were down 0.6%, with the stock trading near its 12-month high of $7.48. The company had a $111.93 million market capitalization and a price-to-earnings ratio of 54.77.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $8.50, although insiders have sold 13,000 shares over the past 90 days.

Sono-Tek (NASDAQ:SOTK - Get Free Report) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02), FiscalAI reports. Sono-Tek had a net margin of 9.62% and a return on equity of 10.55%. The company had revenue of $5.23 million for the quarter, compared to analysts' expectations of $5.54 million.

Sono-Tek Stock Down 0.6%

Shares of SOTK stock opened at $7.12 on Wednesday. The business's 50 day moving average is $5.32 and its two-hundred day moving average is $5.08. The company has a market cap of $111.93 million, a PE ratio of 54.77 and a beta of 0.07. Sono-Tek has a 12 month low of $3.40 and a 12 month high of $7.48.

Insiders Place Their Bets

In other news, CFO Stephen Bagley sold 8,346 shares of the business's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $5.13, for a total transaction of $42,814.98. Following the transaction, the chief financial officer owned 21,254 shares in the company, valued at approximately $109,033.02. The trade was a 28.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 13,000 shares of company stock valued at $67,666. 5.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on SOTK shares. Wall Street Zen raised shares of Sono-Tek to a "strong-buy" rating in a research report on Sunday, July 12th. Weiss Ratings upgraded shares of Sono-Tek from a "hold (c+)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Sono-Tek currently has an average rating of "Moderate Buy" and an average target price of $8.50.

Sono-Tek Company Profile

Sono-Tek Corporation develops and manufactures ultrasonic coating and precision liquid-deposition systems. Its technology uses high-frequency sound waves to atomize liquids into a controlled spray, enabling uniform application of coatings, adhesives, lubricants, and other materials while minimizing overspray and material waste.

The company's products include ultrasonic spray nozzles, integrated coating systems, and customized solutions designed for automated manufacturing processes. Sono-Tek also provides application development, process optimization, installation, training, and technical support to help customers integrate its equipment into production lines.

Sono-Tek's systems are used across a range of industries, including medical devices, electronics, semiconductor and advanced technology manufacturing, alternative energy, glass, textiles, and other industrial applications.

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