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

Sanmina (NASDAQ:SANM) issued its quarterly earnings data on Monday. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07, Briefing.com reports. The company had revenue of $2.02 billion for 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 was down 1.6% compared to the same quarter last year. During the same period last year, the company 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 Stock Performance

Shares of SANM opened at $74.40 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13. The firm 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 stock has a fifty day moving average price of $67.82 and a 200-day moving average price of $67.59.

Insider Buying and Selling

In other Sanmina news, CEO Jure Sola sold 82,328 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $69.67, for a total value of $5,735,791.76. Following the completion of the sale, the chief executive officer now owns 1,198,594 shares of the company’s stock, valued at approximately $83,506,043.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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