Sanmina Corporation (NASDAQ:SANM) Set to Announce Earnings on Monday
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.
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