Somewhat Positive Media Coverage Somewhat Unlikely to Impact Sanmina (SANM) Share Price

Headlines about Sanmina (NASDAQ:SANM) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sanmina earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the electronics maker an impact score of 45.7580526822515 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Sanmina (SANM) opened at $34.15 on Wednesday. Sanmina has a 52 week low of $29.95 and a 52 week high of $42.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.97 and a current ratio of 1.62. The stock has a market capitalization of $2,473.91, a PE ratio of 19.08, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, October 30th. The electronics maker reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.12). Sanmina had a net margin of 2.02% and a return on equity of 12.27%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the firm posted $0.72 EPS. The company’s revenue was up 5.4% on a year-over-year basis. sell-side analysts forecast that Sanmina will post 3 EPS for the current year.

Several equities research analysts have issued reports on SANM shares. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of Sanmina in a research note on Wednesday, October 4th. ValuEngine lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub lowered Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Craig Hallum raised Sanmina from a “hold” rating to a “buy” rating in a research note on Monday, December 18th. Finally, Zacks Investment Research raised Sanmina from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.33.

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About Sanmina

Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.

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