Sonoma Pharmaceuticals (SNOA) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Sonoma Pharmaceuticals (NASDAQ:SNOA) issued its quarterly earnings data on Thursday. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.46) by $0.02, Morningstar.com reports. The company had revenue of $4.94 million for the quarter. Sonoma Pharmaceuticals had a negative net margin of 83.05% and a negative return on equity of 97.88%.
SNOA traded down $0.15 during trading on Friday, hitting $1.16. The stock had a trading volume of 135,816 shares, compared to its average volume of 58,985. Sonoma Pharmaceuticals has a twelve month low of $1.05 and a twelve month high of $5.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.27 and a current ratio of 4.02.
Several equities research analysts have weighed in on the stock. Maxim Group restated a “hold” rating on shares of Sonoma Pharmaceuticals in a research note on Friday. Benchmark restated a “speculative buy” rating and issued a $3.00 target price on shares of Sonoma Pharmaceuticals in a research note on Friday, July 20th. Zacks Investment Research downgraded shares of Sonoma Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Finally, ValuEngine upgraded shares of Sonoma Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th.
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Sonoma Pharmaceuticals Company Profile
Sonoma Pharmaceuticals, Inc, a specialty pharmaceutical company, develops and markets solutions for the treatment of chronic skin conditions and advanced tissue care in the United States and internationally. The company offers Levicyn, a hypochlorous acid (HOCl) based prescription product to manage and relieve burning, itching, and pain experienced with various types of dermatoses; Celacyn gel, a product indicated to promote healing through the management of new and old scars resulting from surgical procedures and trauma wounds or burns; SebuDerm, a product indicated to manage and relieve the burning, itching, pain, and distraction associated with seborrhea and seborrheic dermatitis; and Ceramax, a Lipogrid based skin barrier cream indicated to relieve and manage the burning and itching associated with various skin conditions.
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