Sanmina (SANM) Set to Announce Earnings on Monday

Sanmina (NASDAQ:SANM) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $1.39 per share for the quarter.

Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, July 29th. The electronics maker reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Sanmina had a return on equity of 10.79% and a net margin of 2.93%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the company earned $1.37 EPS. The firm’s revenue was down 16.6% compared to the same quarter last year. On average, analysts expect Sanmina to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sanmina Price Performance

Shares of NASDAQ SANM traded down $0.04 during trading on Tuesday, reaching $68.47. The company had a trading volume of 7,773 shares, compared to its average volume of 418,746. Sanmina has a 52 week low of $43.40 and a 52 week high of $76.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.27 and a current ratio of 2.03. The business’s 50 day moving average price is $67.53 and its 200-day moving average price is $67.01. The stock has a market cap of $3.74 billion, a PE ratio of 17.80, a PEG ratio of 1.54 and a beta of 0.89.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Sanmina from a “hold” rating to a “buy” rating in a research report on Sunday, October 13th.

Insider Buying and Selling at Sanmina

In other news, Director Eugene A. Delaney sold 8,688 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $74.83, for a total value of $650,123.04. Following the transaction, the director now directly owns 92,199 shares in the company, valued at $6,899,251.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Eugene A. Delaney sold 8,688 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $74.83, for a total value of $650,123.04. Following the completion of the transaction, the director now owns 92,199 shares of the company’s stock, valued at $6,899,251.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alan Mcwilliams Reid sold 8,500 shares of Sanmina stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $68.85, for a total value of $585,225.00. Following the transaction, the executive vice president now owns 26,679 shares in the company, valued at approximately $1,836,849.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,320 shares of company stock worth $7,294,883. Insiders own 3.09% of the company’s stock.

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.