Sanmina (NASDAQ:SANM) Posts Earnings Results, Beats Estimates By $0.07 EPS

Sanmina (NASDAQ:SANM) posted 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 firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the business earned $1.20 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Sanmina updated its Q1 guidance to $1.30-$1.40 EPS and its Q1 2025 guidance to 1.300-1.400 EPS.

Sanmina Trading Down 0.6 %

SANM traded down $0.53 during trading on Thursday, reaching $83.35. 99,947 shares of the company’s stock were exchanged, compared to its average volume of 425,942. The firm has a fifty day moving average price of $68.13 and a two-hundred day moving average price of $67.71. Sanmina has a one year low of $45.45 and a one year high of $86.05. The stock has a market capitalization of $4.56 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Craig Hallum raised their price objective on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research note on Tuesday. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday.

Insider Buying and Selling

In other news, CEO Jure Sola sold 82,328 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,198,594 shares of the company’s stock, valued at $83,506,043.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.