Northland Securities Forecasts Reduced Earnings for Sono-Tek

Sono-Tek Corporation (NASDAQ:SOTK) – Analysts at Northland Securities dropped their FY2027 earnings per share estimates for shares of Sono-Tek in a research note issued to investors on Wednesday, September 30th. Northland Securities analyst T. Jackson now anticipates that the industrial products company will post earnings of $0.10 per share for the year, down from their previous estimate of $0.11. 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 Q2 2028 earnings at $0.04 EPS, Q3 2028 earnings at $0.04 EPS and Q4 2028 earnings at $0.05 EPS.

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

Sono-Tek Price Performance

Shares of SOTK opened at $6.20 on Friday. The firm has a market capitalization of $97.45 million, a PE ratio of 47.70 and a beta of 0.07. The company’s 50-day moving average is $5.07 and its 200-day moving average is $4.93. Sono-Tek has a fifty-two week low of $3.40 and a fifty-two week high of $6.38.

Sono-Tek (NASDAQ:SOTK) last posted 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. Sono-Tek had a return on equity of 10.55% and a net margin of 9.62%.The business had revenue of $5.66 million for the quarter, compared to analysts’ expectations of $5.60 million. During the same quarter in the prior year, the business earned $0.03 EPS.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised 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 valued at $362,000 after buying an additional 26,161 shares in the last quarter. Bard Associates Inc. acquired a new position in Sono-Tek in the 2nd quarter valued at $349,000. BlackRock Inc. acquired a new position in Sono-Tek in the 2nd quarter valued at $179,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Sono-Tek during the 2nd quarter worth $73,000. 47.89% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sono-Tek news, CFO Stephen Bagley sold 8,346 shares of Sono-Tek stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $5.13, for a total value of $42,814.98. Following the completion of the sale, the chief financial officer owned 21,254 shares in the company, valued at $109,033.02. The trade was a 28.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 13,000 shares of company stock valued at $67,666. 5.57% of the stock is owned by insiders.

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.