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.

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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.

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