Sanmina (SANM) Set to Announce Earnings on Monday

Sanmina (NASDAQ:SANM) is scheduled to release its earnings data after the market closes on Monday, January 29th. Analysts expect Sanmina to post earnings of $0.76 per share for the quarter. Sanmina has set its Q1 guidance at $0.68-0.74 EPS.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, October 30th. The electronics maker reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the firm posted $0.72 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts expect Sanmina to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Sanmina (NASDAQ:SANM) opened at $35.45 on Monday. Sanmina has a 1-year low of $29.95 and a 1-year high of $42.95. The company has a quick ratio of 0.97, a current ratio of 1.62 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2,553.14, a P/E ratio of 19.80, a P/E/G ratio of 0.99 and a beta of 0.79.

Several research firms recently weighed in on SANM. BidaskClub lowered Sanmina from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. ValuEngine downgraded Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Bank of America downgraded Sanmina from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 31st. Argus downgraded Sanmina from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Sanmina in a research report on Wednesday, October 4th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price 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.

Earnings History for Sanmina (NASDAQ:SANM)

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