Sanmina (SANM) Projected to Post Quarterly Earnings on Monday

Sanmina (NASDAQ:SANM) is projected to announce its earnings results before the market opens on Monday, January 27th. Analysts expect the company to announce earnings of $1.37 per share for the quarter. Sanmina has set its Q1 guidance at $1.30-$1.40 EPS and its Q1 2025 guidance at 1.300-1.400 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results 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 net margin of 2.94% and a return on equity of 10.47%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company posted $1.20 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, analysts expect Sanmina to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sanmina Stock Up 0.4 %

Shares of NASDAQ SANM opened at $84.01 on Friday. The firm has a 50-day moving average price of $79.08 and a 200 day moving average price of $73.12. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.41 and a beta of 0.91. Sanmina has a 52 week low of $49.57 and a 52 week high of $86.05. The company has a quick ratio of 1.25, a current ratio of 1.99 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SANM shares. StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 21st. Craig Hallum raised their price objective on Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th.

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.