Sanmina (NASDAQ:SANM) Releases Earnings Results

Sanmina (NASDAQ:SANM) posted its quarterly earnings results on Monday. The electronics maker reported $1.25 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.03), Briefing.com reports. Sanmina had a return on equity of 10.79% and a net margin of 2.93%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The firm’s revenue was down 16.6% on a year-over-year basis. Sanmina updated its Q4 guidance to $1.30-$1.40 EPS and its Q4 2024 guidance to 1.300-1.400 EPS.

Sanmina Stock Performance

Shares of SANM stock opened at $75.33 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 2.03. The firm has a market cap of $4.20 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.66 and a beta of 0.92. The firm’s 50 day moving average price is $68.50 and its 200-day moving average price is $63.29. Sanmina has a one year low of $43.40 and a one year high of $76.84.

Wall Street Analyst Weigh In

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

Insider Activity at Sanmina

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

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.