Q4 2024 EPS Estimates for Sanmina Co. (NASDAQ:SANM) Boosted by Analyst

Sanmina Co. (NASDAQ:SANM) – Research analysts at Sidoti Csr boosted their Q4 2024 earnings per share (EPS) estimates for shares of Sanmina in a research report issued on Tuesday, April 30th. Sidoti Csr analyst A. Soderstrom now forecasts that the electronics maker will earn $1.54 per share for the quarter, up from their prior forecast of $1.48. The consensus estimate for Sanmina’s current full-year earnings is $5.00 per share. Sidoti Csr also issued estimates for Sanmina’s Q1 2025 earnings at $1.44 EPS, Q2 2025 earnings at $1.48 EPS, Q3 2025 earnings at $1.59 EPS and FY2025 earnings at $6.15 EPS.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, April 29th. The electronics maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.21. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sanmina had a return on equity of 11.98% and a net margin of 3.11%. The business’s revenue for the quarter was down 20.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 EPS.

A number of other research firms also recently commented on SANM. Craig Hallum restated a “hold” rating and set a $62.00 price objective on shares of Sanmina in a report on Tuesday. Fox Advisors began coverage on Sanmina in a report on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price objective for the company.

Sanmina Trading Up 0.4 %

SANM stock opened at $61.76 on Thursday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 0.90 and a beta of 1.01. The company has a quick ratio of 1.23, a current ratio of 2.00 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $61.38 and a 200-day simple moving average of $55.58. Sanmina has a 52 week low of $43.40 and a 52 week high of $69.69.

Insider Activity at Sanmina

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

Hedge Funds Weigh In On Sanmina

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its position in Sanmina by 49.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 115,653 shares of the electronics maker’s stock valued at $5,941,000 after buying an additional 38,286 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Sanmina by 86.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 71,294 shares of the electronics maker’s stock valued at $3,870,000 after buying an additional 32,998 shares during the last quarter. FMR LLC boosted its position in Sanmina by 498.3% in the 3rd quarter. FMR LLC now owns 489,308 shares of the electronics maker’s stock valued at $26,560,000 after buying an additional 407,528 shares during the last quarter. Sei Investments Co. boosted its position in Sanmina by 19.1% in the 3rd quarter. Sei Investments Co. now owns 256,717 shares of the electronics maker’s stock valued at $13,935,000 after buying an additional 41,216 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in Sanmina by 18.3% in the 3rd quarter. Hsbc Holdings PLC now owns 61,689 shares of the electronics maker’s stock valued at $3,374,000 after buying an additional 9,545 shares during the last quarter. 92.71% of the stock is owned by hedge funds and other institutional investors.

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.