Q4 2024 Earnings Forecast for Sanmina Co. (NASDAQ:SANM) Issued By Sidoti Csr

Sanmina Co. (NASDAQ:SANM) – Investment analysts at Sidoti Csr reduced their Q4 2024 earnings estimates for shares of Sanmina in a note issued to investors on Wednesday, July 24th. Sidoti Csr analyst A. Soderstrom now expects that the electronics maker will post earnings per share of $1.32 for the quarter, down from their previous forecast of $1.54. The consensus estimate for Sanmina’s current full-year earnings is $4.63 per share. Sidoti Csr also issued estimates for Sanmina’s Q1 2025 earnings at $1.49 EPS, Q2 2025 earnings at $1.58 EPS, Q3 2025 earnings at $1.73 EPS and FY2025 earnings at $6.64 EPS.

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

SANM has been the topic of several other research reports. Craig Hallum reissued a “hold” rating and issued a $62.00 target price on shares of Sanmina in a report on Tuesday, April 30th. StockNews.com cut Sanmina from a “buy” rating to a “hold” rating in a report on Friday, July 19th.

Sanmina Stock Up 1.3 %

NASDAQ SANM opened at $73.25 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13. Sanmina has a 12 month low of $43.40 and a 12 month high of $74.61. The stock’s 50 day moving average is $67.91 and its 200 day moving average is $62.53. The stock has a market cap of $4.09 billion, a PE ratio of 17.32, a P/E/G ratio of 1.63 and a beta of 0.92.

Institutional Trading of Sanmina

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Sanmina by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,154,640 shares of the electronics maker’s stock worth $444,876,000 after buying an additional 45,918 shares during the period. Global Alpha Capital Management Ltd. grew its stake in Sanmina by 10.2% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 747,191 shares of the electronics maker’s stock worth $46,460,000 after acquiring an additional 69,300 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Sanmina by 18.6% during the first quarter. Assenagon Asset Management S.A. now owns 643,251 shares of the electronics maker’s stock worth $39,997,000 after acquiring an additional 100,865 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Sanmina by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 583,257 shares of the electronics maker’s stock valued at $29,962,000 after acquiring an additional 13,120 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Sanmina by 11.5% in the second quarter. Bank of New York Mellon Corp now owns 578,458 shares of the electronics maker’s stock valued at $38,323,000 after purchasing an additional 59,849 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director Eugene A. Delaney sold 7,181 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $64.91, for a total transaction of $466,118.71. Following the sale, the director now directly owns 100,887 shares in the company, valued at approximately $6,548,575.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Eugene A. Delaney sold 7,181 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $64.91, for a total value of $466,118.71. Following the completion of the sale, the director now directly owns 100,887 shares in the company, valued at $6,548,575.17. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alan Mcwilliams Reid sold 3,528 shares of Sanmina stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $65.43, for a total transaction of $230,837.04. Following the transaction, the executive vice president now directly owns 37,651 shares of the company’s stock, valued at $2,463,504.93. The disclosure for this sale can be found here. Corporate insiders own 3.09% of the company’s stock.

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.