Northland Capmk Forecasts Increased Earnings for Sono-Tek

Key Points

• Northland Capital Market has increased its FY2027 earnings per share estimate for Sono-Tek from $0.05 to $0.07, reflecting potential growth in the company's performance.
• Sono-Tek reported $0.03 earnings per share in its last quarter, exceeding the consensus estimate of $0.02, despite a revenue of $5.12 million falling slightly short of expectations.
• Institutional investors own approximately 47.89% of Sono-Tek's stock, with Northern Trust Corp recently increasing its stake by 58.8%.

Sono-Tek Corporation (NASDAQ:SOTK - Free Report) - Equities researchers at Northland Capmk lifted their FY2027 EPS estimates for Sono-Tek in a research note issued to investors on Thursday, September 4th. Northland Capmk analyst E. Jackson now forecasts that the industrial products company will post earnings per share of $0.07 for the year, up from their previous estimate of $0.05. Northland Capmk currently has a "Hold" rating on the stock. The consensus estimate for Sono-Tek's current full-year earnings is $0.07 per share. Northland Capmk also issued estimates for Sono-Tek's FY2029 earnings at $0.07 EPS and FY2030 earnings at $0.07 EPS.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last announced its quarterly earnings data on Thursday, July 10th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $5.12 million for the quarter, compared to analysts' expectations of $5.24 million. Sono-Tek had a net margin of 6.93% and a return on equity of 8.10%. During the same period last year, the firm posted $0.02 earnings per share.

Separately, Northland Securities reissued a "market perform" rating on shares of Sono-Tek in a research note on Thursday, May 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.50.

Sono-Tek Price Performance

NASDAQ:SOTK traded down $0.17 during mid-day trading on Monday, reaching $3.91. The stock had a trading volume of 21,626 shares, compared to its average volume of 26,936. The stock has a 50-day simple moving average of $3.48 and a two-hundred day simple moving average of $3.66. The stock has a market capitalization of $61.50 million, a PE ratio of 43.45 and a beta of -0.25. Sono-Tek has a 12 month low of $3.23 and a 12 month high of $6.05.

Institutional Trading of Sono-Tek

An institutional investor recently raised its position in Sono-Tek stock. Northern Trust Corp raised its stake in Sono-Tek Corporation (NASDAQ:SOTK - Free Report) by 58.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,081 shares of the industrial products company's stock after buying an additional 15,212 shares during the period. Northern Trust Corp owned 0.26% of Sono-Tek worth $165,000 at the end of the most recent quarter. 47.89% of the stock is owned by hedge funds and other institutional investors.

Sono-Tek Company Profile

Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. The company also designs and manufactures custom-engineered ultrasonic coating systems; and provides nozzles and generators for manufacturers' equipment.