Sanmina (NASDAQ:SANM) Updates Q1 Earnings Guidance

Sanmina (NASDAQ:SANM) updated its first quarter earnings guidance on Monday. The company provided earnings per share guidance of $1.30-$1.40 for the period, compared to the consensus earnings per share estimate of $1.44. The company issued revenue guidance of $1.925-$2.025 billion, compared to the consensus revenue estimate of $2.00 billion. Sanmina also updated its Q1 2025 guidance to 1.300-1.400 EPS.

Analysts Set New Price Targets

A number of analysts have issued reports on SANM shares. Craig Hallum boosted their target price on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research report on Tuesday. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a research report on Thursday.

Sanmina Trading Down 1.5 %

NASDAQ SANM traded down $1.29 on Thursday, reaching $82.59. The stock had a trading volume of 183,501 shares, compared to its average volume of 426,258. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 1.66 and a beta of 0.89. The company has a quick ratio of 1.27, a current ratio of 2.03 and a debt-to-equity ratio of 0.13. Sanmina has a 12-month low of $45.45 and a 12-month high of $86.05. The stock has a fifty day moving average price of $68.13 and a two-hundred day moving average price of $67.71.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.07. Sanmina had a return on equity of 10.52% and a net margin of 2.94%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that Sanmina will post 5.07 EPS for the current fiscal year.

Insider Transactions at Sanmina

In other news, CEO Jure Sola sold 82,328 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $69.67, for a total transaction of $5,735,791.76. Following the sale, the chief executive officer now owns 1,198,594 shares of the company’s stock, valued at approximately $83,506,043.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.