Sanmina (NASDAQ:SANM) Releases Q4 Earnings Guidance

Sanmina (NASDAQ:SANM) issued an update on its fourth quarter earnings guidance on Monday morning. 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.

Analyst Upgrades and Downgrades

SANM has been the subject of a number of research analyst reports. Craig Hallum reiterated a hold rating and issued a $62.00 price target on shares of Sanmina in a report on Tuesday, April 30th. StockNews.com downgraded shares of Sanmina from a buy rating to a hold rating in a research report on Friday, July 19th.

Sanmina Trading Up 0.8 %

Shares of SANM traded up $0.63 on Monday, reaching $74.96. 470,103 shares of the company’s stock were exchanged, compared to its average volume of 429,162. The stock has a market capitalization of $4.18 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92. The business has a 50 day moving average price of $68.06 and a two-hundred day moving average price of $62.87. The company has a current ratio of 2.00, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13. Sanmina has a 12 month low of $43.40 and a 12 month high of $76.56.

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 11.98% and a net margin of 3.11%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the company posted $1.37 earnings per share. The business’s revenue was down 16.6% compared to the same quarter last year. Research analysts anticipate that Sanmina will post 4.63 earnings per share for the current year.

Insider Activity at Sanmina

In other Sanmina news, EVP Alan Mcwilliams Reid sold 3,528 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total transaction of $230,837.04. Following the sale, the executive vice president now directly owns 37,651 shares of the company’s stock, valued at $2,463,504.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Alan Mcwilliams Reid sold 3,528 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 37,651 shares of the company’s stock, valued at $2,463,504.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eugene A. Delaney sold 7,181 shares of Sanmina stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $64.91, for a total value of $466,118.71. Following the completion of the transaction, the director now directly 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. 3.09% of the stock is owned by corporate insiders.

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.