Sanmina (NASDAQ:SANM) Updates Q4 Earnings Guidance

Sanmina (NASDAQ:SANM) updated its fourth 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 $1.90-$2.0 billion, compared to the consensus revenue estimate of $2.01 billion. Sanmina also updated its Q4 2024 guidance to 1.300-1.400 EPS.

Sanmina Trading Down 5.6 %

NASDAQ:SANM traded down $4.23 during trading hours on Thursday, reaching $71.10. The company’s stock had a trading volume of 427,445 shares, compared to its average volume of 432,569. 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 capitalization of $3.97 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.66 and a beta of 0.92. The firm has a 50-day simple moving average of $68.50 and a 200-day simple moving average of $63.29. Sanmina has a 1 year low of $43.40 and a 1 year high of $76.84.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, July 29th. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.03). 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 the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. Sanmina’s revenue was down 16.6% compared to the same quarter last year. Research analysts expect that Sanmina will post 4.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SANM shares. Craig Hallum reissued a hold rating and issued a $62.00 target price on shares of Sanmina in a research note on Tuesday, April 30th. StockNews.com cut Sanmina from a buy rating to a hold rating in a research report on Friday, July 19th.

Insider Transactions at Sanmina

In related news, EVP Alan Mcwilliams Reid sold 3,528 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $65.43, for a total value of $230,837.04. Following the transaction, the executive vice president now directly owns 37,651 shares of the company’s stock, valued at approximately $2,463,504.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,528 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total transaction of $230,837.04. Following the completion of the sale, the executive vice president now directly owns 37,651 shares in the company, valued at approximately $2,463,504.93. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Eugene A. Delaney sold 7,181 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $64.91, for a total value of $466,118.71. Following the sale, 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. 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.