Sanmina (SANM) to Release Quarterly Earnings on Monday

Sanmina (NASDAQ:SANM) will announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Sanmina has set its Q2 guidance at $1.20-1.30 EPS and its Q2 2024 guidance at 1.200-1.300 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.22 by $0.08. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Sanmina had a net margin of 3.25% and a return on equity of 13.16%. Sanmina’s quarterly revenue was down 20.4% on a year-over-year basis. During the same quarter last year, the company earned $1.49 EPS. 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 %

Sanmina stock opened at $62.97 on Friday. The company’s 50-day moving average price is $61.22 and its two-hundred day moving average price is $55.31. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 0.93 and a beta of 1.04. The company has a current ratio of 1.99, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14. Sanmina has a 52 week low of $43.40 and a 52 week high of $69.69.

Insider Transactions at Sanmina

In other news, Director Susan A. Johnson sold 1,000 shares of Sanmina stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $60.64, for a total value of $60,640.00. Following the transaction, the director now owns 7,811 shares of the company’s stock, valued at approximately $473,659.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Fox Advisors assumed coverage on shares of Sanmina in a research note on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 price objective on the 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.