Sanmina (NASDAQ:SANM) Announces Earnings Results

Sanmina (NASDAQ:SANM) released its quarterly earnings data on Monday. The electronics maker reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07, Briefing.com reports. Sanmina had a return on equity of 10.52% and a net margin of 2.94%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the business posted $1.20 EPS. The business’s revenue was down 1.6% on a year-over-year basis. Sanmina updated its Q1 guidance to $1.30-$1.40 EPS and its Q1 2025 guidance to 1.300-1.400 EPS.

Sanmina Stock Up 12.7 %

SANM traded up $9.48 during trading on Wednesday, reaching $83.88. The stock had a trading volume of 1,349,458 shares, compared to its average volume of 427,337. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 1.66 and a beta of 0.89. The stock’s 50 day moving average is $68.13 and its two-hundred day moving average is $67.71. Sanmina has a one year low of $43.40 and a one year high of $86.05.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SANM shares. Craig Hallum lifted their price target on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a report on Tuesday. StockNews.com cut shares of Sanmina from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Insider Activity

In related news, CEO Jure Sola sold 82,328 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $69.67, for a total value of $5,735,791.76. Following the completion of the transaction, the chief executive officer now directly owns 1,198,594 shares in the company, valued at $83,506,043.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.09% of the company’s stock.

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.