Brokerages Expect Sono-Tek Co. (NASDAQ:SOTK) Will Announce Earnings of $0.03 Per Share

Equities analysts expect that Sono-Tek Co. (NASDAQ:SOTKGet Rating) will announce $0.03 earnings per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Sono-Tek’s earnings. Sono-Tek also reported earnings of $0.03 per share in the same quarter last year. The firm is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Sono-Tek will report full year earnings of $0.07 per share for the current fiscal year. For the next fiscal year, analysts expect that the company will post earnings of $0.16 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Sono-Tek.

Sono-Tek (NASDAQ:SOTKGet Rating) last issued its quarterly earnings data on Wednesday, January 12th. The industrial products company reported $0.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $4.42 million during the quarter. Sono-Tek had a return on equity of 11.76% and a net margin of 15.04%.

Separately, Zacks Investment Research downgraded Sono-Tek from a “hold” rating to a “sell” rating in a research report on Tuesday.

NASDAQ:SOTK opened at $6.31 on Wednesday. The business has a 50 day moving average of $5.72 and a 200 day moving average of $6.20. The company has a market capitalization of $99.19 million, a price-to-earnings ratio of 42.07, a PEG ratio of 3.36 and a beta of 0.27. Sono-Tek has a 1-year low of $2.67 and a 1-year high of $9.49.

In other news, Director Joseph Riemer bought 6,000 shares of the stock in a transaction on Tuesday, February 8th. The shares were bought at an average price of $5.21 per share, with a total value of $31,260.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.83% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ARS Investment Partners LLC purchased a new position in Sono-Tek during the 3rd quarter valued at approximately $333,000. First Republic Investment Management Inc. bought a new stake in shares of Sono-Tek during the 3rd quarter worth approximately $175,000. Millennium Management LLC bought a new stake in shares of Sono-Tek during the 4th quarter worth approximately $227,000. Acadian Asset Management LLC bought a new stake in shares of Sono-Tek during the 4th quarter worth approximately $134,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Sono-Tek during the 4th quarter valued at $78,000. Institutional investors and hedge funds own 55.44% of the company’s stock.

Sono-Tek Company Profile (Get Rating)

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. It also designs and manufactures custom-engineered ultrasonic coating systems; and provides patented nozzles and generators for manufacturers' equipment.

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