Northland Capmk Expects 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 raised their FY2027 earnings per share estimates for shares of Sono-Tek in a research note issued on Thursday, September 4th. Northland Capmk analyst E. Jackson now forecasts that the industrial products company will post earnings of $0.07 per share for the year, up from their previous forecast of $0.05. Northland Capmk 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 released its earnings results on Thursday, July 10th. The industrial products company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Sono-Tek had a return on equity of 8.10% and a net margin of 6.93%.The company had revenue of $5.12 million for the quarter, compared to analysts' expectations of $5.24 million. During the same quarter in the previous year, the business posted $0.02 EPS.

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

Sono-Tek Price Performance

NASDAQ:SOTK opened at $3.92 on Monday. Sono-Tek has a fifty-two week low of $3.23 and a fifty-two week high of $6.05. The stock's 50-day moving average is $3.45 and its two-hundred day moving average is $3.65. The stock has a market cap of $61.66 million, a PE ratio of 43.56 and a beta of -0.25.

Institutional Investors Weigh In On Sono-Tek

A hedge fund recently raised its stake in Sono-Tek stock. Northern Trust Corp increased its stake in Sono-Tek Corporation (NASDAQ:SOTK - Free Report) by 58.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,081 shares of the industrial products company's stock after purchasing an additional 15,212 shares during the quarter. Northern Trust Corp owned approximately 0.26% of Sono-Tek worth $165,000 at the end of the most recent reporting period. Institutional investors own 47.89% of the company's stock.

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.

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