Q4 2024 EPS Estimates for Sanmina Co. Boosted by Analyst (NASDAQ:SANM)

Sanmina Co. (NASDAQ:SANMFree Report) – Stock analysts at Sidoti Csr increased their Q4 2024 earnings estimates for Sanmina in a research report issued on Tuesday, April 30th. Sidoti Csr analyst A. Soderstrom now forecasts that the electronics maker will post earnings per share of $1.54 for the quarter, up from their previous forecast of $1.48. The consensus estimate for Sanmina’s current full-year earnings is $5.00 per share. Sidoti Csr also issued estimates for Sanmina’s Q1 2025 earnings at $1.44 EPS, Q2 2025 earnings at $1.48 EPS, Q3 2025 earnings at $1.59 EPS and FY2025 earnings at $6.15 EPS.

Several other equities analysts have also recently commented on SANM. Fox Advisors assumed coverage on shares of Sanmina in a research report on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 price target for the company. Craig Hallum restated a “hold” rating and set a $62.00 price target on shares of Sanmina in a report on Tuesday.

View Our Latest Analysis on SANM

Sanmina Trading Up 0.9 %

Shares of SANM stock opened at $61.49 on Thursday. Sanmina has a fifty-two week low of $43.40 and a fifty-two week high of $69.69. The company has a 50 day moving average price of $61.37 and a 200 day moving average price of $55.52. The stock has a market capitalization of $3.49 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 0.90 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.23 and a current ratio of 2.00.

Sanmina (NASDAQ:SANMGet Free Report) last posted its earnings results on Monday, April 29th. The electronics maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.21. Sanmina had a net margin of 3.11% and a return on equity of 11.98%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm earned $1.37 EPS. The firm’s revenue for the quarter was down 20.9% on a year-over-year basis.

Insider Activity

In related news, Director Susan A. Johnson sold 1,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $60.64, for a total transaction of $60,640.00. Following the completion of the transaction, the director now owns 7,811 shares in the company, valued at $473,659.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.09% of the company’s stock.

Institutional Investors Weigh In On Sanmina

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Sanmina during the fourth quarter worth approximately $21,836,000. FMR LLC raised its stake in Sanmina by 498.3% during the 3rd quarter. FMR LLC now owns 489,308 shares of the electronics maker’s stock worth $26,560,000 after acquiring an additional 407,528 shares in the last quarter. Invenomic Capital Management LP purchased a new stake in Sanmina in the fourth quarter valued at $12,174,000. Earnest Partners LLC lifted its position in Sanmina by 19.1% in the third quarter. Earnest Partners LLC now owns 1,182,552 shares of the electronics maker’s stock valued at $64,189,000 after acquiring an additional 189,832 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its stake in Sanmina by 27.4% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 677,891 shares of the electronics maker’s stock valued at $34,823,000 after acquiring an additional 145,780 shares in the last quarter. Hedge funds and other institutional investors own 92.71% of the company’s stock.

About Sanmina

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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.

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Earnings History and Estimates for Sanmina (NASDAQ:SANM)

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