Sanmina (NASDAQ:SANM) Issues Quarterly Earnings Results

Sanmina (NASDAQ:SANM) announced its earnings results on Monday. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07, Briefing.com reports. Sanmina had a net margin of 2.94% and a return on equity of 10.52%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $1.20 earnings per share. The company’s revenue for the quarter 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 Price Performance

SANM stock traded up $8.93 during mid-day trading on Wednesday, reaching $83.33. The company’s stock had a trading volume of 110,516 shares, compared to its average volume of 421,589. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $67.82 and its two-hundred day moving average is $67.59. Sanmina has a fifty-two week low of $43.40 and a fifty-two week high of $83.85. The stock has a market cap of $4.55 billion, a PE ratio of 20.73, a P/E/G ratio of 1.66 and a beta of 0.89.

Analysts Set New Price Targets

SANM has been the topic of several research analyst reports. StockNews.com cut Sanmina from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Craig Hallum boosted their price target on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research report on Tuesday.

Insider Transactions at Sanmina

In related news, CEO Jure Sola sold 82,328 shares of Sanmina 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 owns 1,198,594 shares in the company, valued at approximately $83,506,043.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.