Analysts Expect Sanmina Co. (NASDAQ:SANM) Will Announce Earnings of $0.91 Per Share

Brokerages predict that Sanmina Co. (NASDAQ:SANM) will post earnings of $0.91 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Sanmina’s earnings. Sanmina posted earnings of $1.02 per share during the same quarter last year, which suggests a negative year over year growth rate of 10.8%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 1st.

According to Zacks, analysts expect that Sanmina will report full-year earnings of $3.86 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will report earnings of $4.23 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Sanmina.

Sanmina (NASDAQ:SANM) last issued its earnings results on Sunday, November 7th. The electronics maker reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.70 billion. Sanmina had a net margin of 3.98% and a return on equity of 13.04%. The company’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period last year, the business earned $1.04 EPS.

SANM has been the subject of a number of research reports. Zacks Investment Research lowered shares of Sanmina from a “hold” rating to a “strong sell” rating in a research note on Friday, November 12th. Bank of America lowered shares of Sanmina from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $46.00 to $38.00 in a research note on Tuesday, November 9th.

Shares of NASDAQ:SANM traded down $0.28 during trading on Thursday, reaching $38.98. 173,474 shares of the company traded hands, compared to its average volume of 326,742. The company has a fifty day simple moving average of $39.49. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 0.86 and a beta of 1.08. Sanmina has a 1-year low of $30.59 and a 1-year high of $43.63. The company has a current ratio of 1.86, a quick ratio of 1.37 and a debt-to-equity ratio of 0.17.

In related news, SVP Brent Billinger sold 1,260 shares of Sanmina stock in a transaction on Monday, November 15th. The shares were sold at an average price of $40.61, for a total value of $51,168.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE raised its holdings in Sanmina by 70.2% in the 2nd quarter. US Bancorp DE now owns 781 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 322 shares during the period. CWM Advisors LLC raised its holdings in Sanmina by 3.1% in the 2nd quarter. CWM Advisors LLC now owns 11,484 shares of the electronics maker’s stock worth $447,000 after acquiring an additional 348 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Sanmina by 0.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 64,286 shares of the electronics maker’s stock worth $2,478,000 after acquiring an additional 350 shares during the period. Ensign Peak Advisors Inc raised its holdings in Sanmina by 0.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 50,608 shares of the electronics maker’s stock worth $1,972,000 after acquiring an additional 400 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Sanmina by 0.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 52,988 shares of the electronics maker’s stock worth $2,064,000 after acquiring an additional 454 shares during the period. Hedge funds and other institutional investors own 95.82% of the company’s stock.

About Sanmina

Sanmina Corp. engages in the provision of integrated manufacturing solutions, components, products and repair, logistics and after-market services. It operates through the following segments: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The IMS segment consists of printed circuit board assembly and test, final system assembly and test and direct-order-fulfillment.

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