Sanmina (NASDAQ:SANM) Releases Earnings Results, Beats Estimates By $0.07 EPS

Sanmina (NASDAQ:SANM) posted its earnings results on Monday. The electronics maker reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07, Briefing.com reports. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. Sanmina had a net margin of 2.93% and a return on equity of 10.79%. Sanmina’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. 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 opened at $74.40 on Wednesday. The stock has a market cap of $4.07 billion, a PE ratio of 19.27, a P/E/G ratio of 1.63 and a beta of 0.89. Sanmina has a 12 month low of $43.40 and a 12 month high of $76.84. The company has a 50-day moving average price of $67.82 and a 200 day moving average price of $67.59. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling

In other news, CEO Jure Sola sold 82,328 shares of the company’s 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 of the company’s stock, valued at approximately $83,506,043.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on SANM. StockNews.com downgraded shares of Sanmina from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Craig Hallum boosted their price objective on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research note on Tuesday.

About Sanmina

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.