FY2028 EPS Estimate for Sono-Tek Increased by Analyst

Sono-Tek Corporation (NASDAQ:SOTK) – Research analysts at Northland Securities raised their FY2028 EPS estimates for shares of Sono-Tek in a note issued to investors on Wednesday, September 30th. Northland Securities analyst T. Jackson now anticipates that the industrial products company will post earnings per share of $0.14 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.

A number of other research analysts also recently commented on SOTK. Wall Street Zen upgraded Sono-Tek to a “strong-buy” rating in a research note on Sunday, July 12th. Weiss Ratings downgraded Sono-Tek from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 28th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.50.

Sono-Tek Trading Down 1.0%

Shares of NASDAQ:SOTK opened at $6.74 on Monday. Sono-Tek has a 1 year low of $3.40 and a 1 year high of $7.31. The business has a fifty day simple moving average of $5.14 and a 200 day simple moving average of $4.97. The firm has a market cap of $105.95 million, a price-to-earnings ratio of 51.85 and a beta of 0.07.

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

Hedge Funds Weigh In On Sono-Tek

Several institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in shares of Sono-Tek by 41.6% in the first quarter. Renaissance Technologies LLC now owns 89,100 shares of the industrial products company’s stock worth $362,000 after buying an additional 26,161 shares during the last quarter. Bard Associates Inc. acquired a new position in shares of Sono-Tek during the 2nd quarter valued at about $349,000. BlackRock Inc. acquired a new position in shares of Sono-Tek during the 2nd quarter valued at about $179,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Sono-Tek in the 2nd quarter valued at approximately $73,000. 47.89% of the stock is currently owned by institutional investors.

Insider Activity at Sono-Tek

In other news, CFO Stephen Bagley sold 8,346 shares of the firm’s stock in a transaction on 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. This trade represents a 28.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 13,000 shares of company stock worth $67,666. Corporate insiders own 5.57% of the company’s stock.

About Sono-Tek

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.