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

Sono-Tek (NASDAQ:SOTK) issued its quarterly earnings data on Thursday. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01, FiscalAI reports. The firm had revenue of $5.61 million during the quarter, compared to analysts’ expectations of $5.59 million. Sono-Tek had a net margin of 7.72% and a return on equity of 8.54%.

Sono-Tek Stock Up 0.6%

Shares of SOTK opened at $5.31 on Thursday. The stock has a market cap of $83.42 million, a price-to-earnings ratio of 53.11 and a beta of 0.01. Sono-Tek has a 12 month low of $3.23 and a 12 month high of $5.70. The company has a 50-day moving average price of $4.47 and a two-hundred day moving average price of $4.21.

Analysts Set New Price Targets

SOTK has been the topic of several analyst reports. Truist Financial set a $8.50 price target on Sono-Tek in a report on Friday, March 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sono-Tek in a report on Friday, March 27th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Sono-Tek currently has an average rating of “Hold” and an average price target of $8.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Sono-Tek by 12.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 2,427 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of Sono-Tek by 28.2% during the third quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 3,389 shares during the period. HM Payson & Co. bought a new position in shares of Sono-Tek during the fourth quarter valued at $89,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Sono-Tek by 62.6% during the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 24,239 shares during the period. 47.89% of the stock is owned by institutional investors.

Sono-Tek Company Profile

Sono-Tek Corporation is a specialized equipment manufacturer that designs, develops and sells ultrasonic spray coating systems for precision fluid delivery. The company’s core technology uses high-frequency ultrasonic vibrations to generate fine, uniform droplets that can be applied to a broad range of substrates with minimal waste and high accuracy. This method enables precise control over coating thickness, distribution and material usage, making it well suited to applications requiring micro-scale deposition and tight process tolerances.

The company’s product portfolio includes bench-top research and development stations, pilot-scale units and full production systems.