Sanmina (NASDAQ:SANM) released its earnings results on Monday. The electronics maker reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07, RTT News reports. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Sanmina had a return on equity of 13.98% and a net margin of 1.55%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. Sanmina updated its Q1 guidance to $0.65-0.75 EPS.
Shares of Sanmina stock opened at $31.80 on Tuesday. Sanmina has a 52-week low of $22.30 and a 52-week high of $34.71. The stock’s 50-day simple moving average is $31.49 and its 200 day simple moving average is $30.50. The stock has a market capitalization of $2.19 billion, a P/E ratio of 17.28, a P/E/G ratio of 0.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.64.
A number of equities research analysts have recently commented on the company. BidaskClub upgraded Sanmina from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Zacks Investment Research cut Sanmina from a “hold” rating to a “sell” rating in a research note on Tuesday, September 17th. Finally, ValuEngine cut Sanmina from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $33.00.
In related news, SVP Brent Billinger sold 931 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $30.12, for a total value of $28,041.72. Following the sale, the senior vice president now directly owns 20,877 shares in the company, valued at approximately $628,815.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.55% 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 segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.
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