Sanmina (SANM) Scheduled to Post Earnings on Monday

Sanmina (NASDAQ:SANM) is scheduled to be posting its quarterly earnings results 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Sanmina (NASDAQ:SANM) last issued its earnings results on Monday, January 29th. The electronics maker reported $1.30 earnings per share for the quarter, topping 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 analysts’ expectations of $1.87 billion. During the same period in the prior year, the business earned $1.49 EPS. The business’s revenue for the quarter was down 20.4% compared to the same quarter last year. On average, analysts expect Sanmina to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sanmina Price Performance

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

Insider Buying and Selling

In other Sanmina news, Director Susan A. Johnson sold 1,000 shares of the stock in a transaction dated 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 $473,659.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Fox Advisors initiated coverage on Sanmina in a research note on Wednesday, March 6th. They set an “overweight” rating and a $80.00 price objective 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.