Northland Securities Forecasts Sono-Tek FY2028 Earnings

Key Points

• Northland Securities raised its FY2028 EPS forecast for Sono-Tek to $0.14 from $0.07, above the current consensus estimate of $0.10. The firm also projects EPS of $0.17 in FY2029, $0.18 in FY2030, and $0.19 in FY2031.
• Sono-Tek’s latest quarterly results met expectations, with EPS of $0.05 and revenue of $5.66 million versus the $5.60 million consensus. Profitability included a 9.62% net margin and 10.55% return on equity.
• The stock opened at $6.20, near its 52-week high of $6.38, while analysts maintain a consensus “Hold” rating and an $8.50 price target. Company insiders have sold 13,000 shares over the past quarter.

Sono-Tek Corporation (NASDAQ:SOTK - Free Report) - Equities research analysts at Northland Securities lifted their FY2028 earnings per share (EPS) estimates for Sono-Tek in a report released on Wednesday, September 30th. Northland Securities analyst T. Jackson now forecasts that the industrial products company will earn $0.14 per share for the year, up from their prior forecast of $0.07. The consensus estimate for Sono-Tek's current full-year earnings is $0.10 per share. Northland Securities also issued estimates for Sono-Tek's FY2029 earnings at $0.17 EPS, FY2030 earnings at $0.18 EPS and FY2031 earnings at $0.19 EPS.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last released its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $0.05 earnings per share for the quarter, meeting analysts' consensus estimates of $0.05. The business had revenue of $5.66 million for the quarter, compared to the consensus estimate of $5.60 million. Sono-Tek had a return on equity of 10.55% and a net margin of 9.62%.During the same quarter last year, the business posted $0.03 earnings per share.

Other analysts have also issued research reports about the company. Wall Street Zen raised Sono-Tek to a "strong-buy" rating in a research note on Sunday, July 12th. Weiss Ratings lowered shares of Sono-Tek from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, August 28th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Sono-Tek currently has a consensus rating of "Hold" and a consensus price target of $8.50.

Sono-Tek Stock Performance

Shares of NASDAQ SOTK opened at $6.20 on Monday. The stock's 50-day moving average is $5.07 and its 200 day moving average is $4.94. The stock has a market cap of $97.46 million, a price-to-earnings ratio of 47.70 and a beta of 0.07. Sono-Tek has a 1-year low of $3.40 and a 1-year high of $6.38.

Insider Activity at Sono-Tek

In other news, CFO Stephen Bagley sold 8,346 shares of the 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 completion of the sale, the chief financial officer directly owned 21,254 shares in the company, valued at approximately $109,033.02. This represents a 28.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 13,000 shares of company stock valued at $67,666 over the last quarter. 5.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SOTK. Renaissance Technologies LLC raised its position in Sono-Tek by 41.6% during the 1st quarter. Renaissance Technologies LLC now owns 89,100 shares of the industrial products company's stock valued at $362,000 after purchasing an additional 26,161 shares during the last quarter. Bard Associates Inc. bought a new stake in shares of Sono-Tek in the 2nd quarter worth approximately $349,000. BlackRock Inc. bought a new stake in shares of Sono-Tek in the 2nd quarter worth approximately $179,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Sono-Tek during the second quarter valued at approximately $73,000. Hedge funds and other institutional investors own 47.89% of the company's stock.

Sono-Tek Company Profile

Sono-Tek Corporation develops and manufactures ultrasonic coating systems used to apply precise, uniform coatings to a variety of surfaces and components. Its technology uses high-frequency sound energy to atomize liquids into fine droplets, enabling controlled coating application with reduced overspray and material waste compared with conventional spray methods.

The company offers ultrasonic spray nozzles, coating systems, and integrated coating solutions, including automated and computer-controlled equipment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.