Sanmina (SANM) Scheduled to Post Earnings on Monday

Sanmina (NASDAQ:SANM) will release its earnings data after the market closes on Monday, April 29th. Analysts expect Sanmina to post earnings of $1.15 per share for the quarter. Sanmina has set its Q2 guidance at $1.20-1.30 EPS and its Q2 2024 guidance at 1.200-1.300 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Sanmina (NASDAQ:SANM) last posted its earnings results on Monday, January 29th. The electronics maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.08. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $1.49 EPS. The business’s quarterly revenue was down 20.4% on a year-over-year basis. On average, analysts expect Sanmina to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sanmina Stock Up 0.4 %

Sanmina stock opened at $62.97 on Friday. Sanmina has a fifty-two week low of $43.40 and a fifty-two week high of $69.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.99. The company has a market capitalization of $3.58 billion, a P/E ratio of 13.60, a PEG ratio of 0.97 and a beta of 1.04. The stock has a 50-day simple moving average of $61.22 and a 200-day simple moving average of $55.30.

Insider Buying and Selling at Sanmina

In other Sanmina news, Director Susan A. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.64, for a total transaction of $60,640.00. Following the completion of the sale, the director now directly owns 7,811 shares of the company’s stock, valued at approximately $473,659.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.09% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Fox Advisors began coverage on Sanmina in a report on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 target price for the company.

About Sanmina

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.