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Sono-Tek (NASDAQ:SOTK) Announces Earnings Results, Beats Expectations By $0.01 EPS

Sono-Tek logo with Computer and Technology background

Key Points

  • Sono-Tek reported earnings of $0.03 per share, exceeding analyst expectations of $0.02 by $0.01.
  • The company's net margin was 6.93% with a return on equity of 8.10%, showing improved financial performance compared to the previous year's earnings of $0.02 per share.
  • Sono-Tek has a current market cap of $66.07 million, with shares trading around $4.20, while facing a "sell" rating from Weiss Ratings.
  • MarketBeat previews the top five stocks to own by November 1st.

Sono-Tek (NASDAQ:SOTK - Get Free Report) released its quarterly earnings results on Tuesday. The industrial products company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01, Zacks reports. Sono-Tek had a return on equity of 8.10% and a net margin of 6.93%.During the same quarter in the previous year, the business posted $0.02 earnings per share.

Sono-Tek Price Performance

Shares of Sono-Tek stock opened at $4.20 on Tuesday. The firm has a market cap of $66.07 million, a price-to-earnings ratio of 46.67 and a beta of -0.21. The stock's 50-day moving average is $3.80 and its 200-day moving average is $3.74. Sono-Tek has a one year low of $3.23 and a one year high of $6.05.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Sono-Tek in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sono-Tek presently has an average rating of "Reduce" and a consensus price target of $7.50.

Read Our Latest Stock Report on SOTK

About Sono-Tek

(Get Free Report)

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.

Further Reading

Earnings History for Sono-Tek (NASDAQ:SOTK)

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