Sanmina (SANM) Releases Q2 Earnings Guidance

Sanmina (NASDAQ:SANM) issued an update on its second quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $0.40-0.50 for the period, compared to the Thomson Reuters consensus estimate of $0.70. The company issued revenue guidance of $1.60-1.70 billion, compared to the consensus revenue estimate of $1.73 billion.Sanmina also updated its Q1 guidance to $0.48 EPS.

Shares of Sanmina (SANM) traded up $0.40 on Friday, hitting $34.95. 598,000 shares of the stock were exchanged, compared to its average volume of 613,108. The stock has a market capitalization of $2,550.00, a price-to-earnings ratio of 19.63, a P/E/G ratio of 0.96 and a beta of 0.79. Sanmina has a 1 year low of $29.95 and a 1 year high of $42.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.62 and a quick ratio of 0.97.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, October 30th. The electronics maker reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.12). Sanmina had a return on equity of 12.27% and a net margin of 2.02%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. equities analysts forecast that Sanmina will post 3 EPS for the current year.

A number of research firms recently weighed in on SANM. Bank of America lowered shares of Sanmina from a buy rating to a neutral rating in a research note on Tuesday, October 31st. Needham & Company LLC reaffirmed a buy rating and issued a $45.00 price objective on shares of Sanmina in a research note on Wednesday, October 4th. ValuEngine lowered shares of Sanmina from a strong-buy rating to a buy rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Sanmina from a sell rating to a hold rating in a research note on Tuesday, September 26th. Finally, BidaskClub lowered shares of Sanmina from a strong-buy rating to a buy rating in a research note on Saturday, December 2nd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $44.33.

COPYRIGHT VIOLATION NOTICE: “Sanmina (SANM) Releases Q2 Earnings Guidance” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/01/19/sanmina-sanm-releases-q2-earnings-guidance.html.

About Sanmina

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.

Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply