Sanmina (NASDAQ:SANM – Get Free Report) is set to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Sanmina has set its Q2 guidance at $1.20-1.30 EPS and its Q2 2024 guidance at 1.200-1.300 EPS.
Sanmina (NASDAQ:SANM – Get Free Report) last announced its earnings results on Monday, January 29th. The electronics maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.08. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The business’s revenue was down 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 EPS. On average, analysts expect Sanmina to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Sanmina Price Performance
Shares of NASDAQ SANM opened at $58.74 on Tuesday. The company has a 50 day simple moving average of $61.06 and a two-hundred day simple moving average of $55.08. Sanmina has a fifty-two week low of $43.40 and a fifty-two week high of $69.69. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 0.91 and a beta of 1.04. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.99.
Insiders Place Their Bets
Analyst Ratings Changes
Separately, Fox Advisors initiated coverage on Sanmina in a research note on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price target for the company.
Get Our Latest Research Report on Sanmina
About Sanmina
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.
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