Sanmina (SANM) Scheduled to Post Earnings on Monday

Sanmina (NASDAQ:SANM) will release its earnings data after the market closes on Monday, July 29th. Analysts expect Sanmina to post earnings of $1.10 per share for the quarter. Sanmina has set its Q3 guidance at $1.22-1.32 EPS and its Q3 2024 guidance at 1.220-1.320 EPS.Persons 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, April 29th. The electronics maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.21. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The business’s revenue for the quarter was down 20.9% compared to the same quarter last year. On average, analysts expect Sanmina to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Sanmina Trading Up 1.5 %

NASDAQ SANM opened at $74.33 on Friday. The stock has a market cap of $4.15 billion, a P/E ratio of 17.57, a PEG ratio of 1.65 and a beta of 0.92. The company’s fifty day simple moving average is $68.06 and its 200-day simple moving average is $62.78. 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 52 week low of $43.40 and a 52 week high of $75.35.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SANM. Craig Hallum reiterated a “hold” rating and set a $62.00 target price on shares of Sanmina in a research note on Tuesday, April 30th. StockNews.com lowered shares of Sanmina from a “buy” rating to a “hold” rating in a research report on Friday, July 19th.

Insider Buying and Selling at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,528 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total value of $230,837.04. Following the completion of the sale, the executive vice president now directly owns 37,651 shares of the company’s stock, valued at approximately $2,463,504.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Sanmina 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 completion of the sale, the director now directly owns 100,887 shares of the company’s stock, valued at $6,548,575.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alan Mcwilliams Reid sold 3,528 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total transaction of $230,837.04. Following the sale, 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. 3.09% of the stock is owned by corporate insiders.

Sanmina Company Profile

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.