Sanmina Corporation (NASDAQ:SANM) will be posting its quarterly earnings results after the market closes on Monday, July 24th. Analysts expect Sanmina Corporation to post earnings of $0.75 per share for the quarter. Sanmina Corporation has set its Q3 guidance at $0.72-0.77 EPS.

Sanmina Corporation (NASDAQ:SANM) last issued its quarterly earnings results on Monday, April 24th. The electronics maker reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Sanmina Corporation had a return on equity of 11.81% and a net margin of 3.07%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. On average, analysts expect Sanmina Corporation to post $2.78 EPS for the current fiscal year and $3.29 EPS for the next fiscal year.

Sanmina Corporation (SANM) opened at 40.30 on Monday. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 15.13 and a beta of 0.79. Sanmina Corporation has a 1-year low of $23.50 and a 1-year high of $41.25. The stock has a 50 day moving average price of $37.60 and a 200 day moving average price of $38.13.

Several brokerages have weighed in on SANM. Bank of America Corporation reaffirmed a “buy” rating and issued a $48.00 target price on shares of Sanmina Corporation in a research report on Thursday, June 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Sanmina Corporation in a research report on Tuesday, April 25th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $42.00 target price (up from $39.00) on shares of Sanmina Corporation in a research report on Tuesday, April 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.71.

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In related news, VP Robert K. Eulau sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $37.10, for a total transaction of $371,000.00. Following the completion of the sale, the vice president now owns 220,000 shares in the company, valued at approximately $8,162,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 30,000 shares of company stock valued at $1,134,700. 4.96% of the stock is owned by corporate insiders.

About Sanmina Corporation

Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.

Earnings History for Sanmina Corporation (NASDAQ:SANM)

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