Analysts expect Sanmina Corp (NASDAQ:SANM) to post $0.74 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Sanmina’s earnings. Sanmina posted earnings per share of $0.91 during the same quarter last year, which would indicate a negative year-over-year growth rate of 18.7%. The company is scheduled to announce its next earnings results on Monday, May 4th.
According to Zacks, analysts expect that Sanmina will report full-year earnings of $3.15 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will report earnings of $3.64 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Sanmina.
Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, January 27th. The electronics maker reported $0.79 EPS for the quarter, beating the consensus estimate of $0.55 by $0.24. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Sanmina had a return on equity of 13.53% and a net margin of 1.80%. The company’s revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 EPS.
Several equities research analysts recently weighed in on the company. TheStreet cut Sanmina from a “b” rating to a “c+” rating in a report on Monday, October 28th. Zacks Investment Research upgraded Sanmina from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a report on Thursday, January 30th. Citigroup increased their target price on Sanmina from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, BidaskClub cut Sanmina from a “hold” rating to a “sell” rating in a report on Saturday, February 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. Sanmina has a consensus rating of “Hold” and an average price target of $36.50.
In other Sanmina news, EVP Alan Mcwilliams Reid sold 8,503 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $32.26, for a total value of $274,306.78. Following the completion of the sale, the executive vice president now owns 37,195 shares in the company, valued at approximately $1,199,910.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Dennis Young sold 30,933 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $32.35, for a total value of $1,000,682.55. Following the completion of the sale, the vice president now owns 27,157 shares of the company’s stock, valued at approximately $878,528.95. The disclosure for this sale can be found here. Corporate insiders own 3.73% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SANM. Advisors Preferred LLC purchased a new stake in Sanmina in the 4th quarter worth approximately $26,000. Nisa Investment Advisors LLC lifted its holdings in Sanmina by 147.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 840 shares of the electronics maker’s stock worth $29,000 after buying an additional 500 shares during the period. Evoke Wealth LLC purchased a new stake in Sanmina in the 3rd quarter worth approximately $36,000. Tower Research Capital LLC TRC lifted its holdings in Sanmina by 1,639.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,148 shares of the electronics maker’s stock worth $37,000 after buying an additional 1,082 shares during the period. Finally, Panagora Asset Management Inc. purchased a new stake in Sanmina in the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 92.18% of the company’s stock.
SANM stock traded down $0.99 during trading on Friday, hitting $30.32. 243,732 shares of the company traded hands, compared to its average volume of 398,780. The firm has a market capitalization of $2.21 billion, a PE ratio of 15.39, a P/E/G ratio of 0.86 and a beta of 1.29. Sanmina has a 1 year low of $26.10 and a 1 year high of $34.96. The company has a 50-day moving average of $33.30 and a 200-day moving average of $31.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.28 and a current ratio of 1.83.
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.
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