Sanmina (NASDAQ:SANM) Issues Q4 2024 Earnings Guidance

Sanmina (NASDAQ:SANM) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.300-1.400 for the period, compared to the consensus earnings per share estimate of 1.430. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion. Sanmina also updated its Q4 guidance to $1.30-$1.40 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SANM shares. StockNews.com cut Sanmina from a buy rating to a hold rating in a research report on Friday, July 19th. Craig Hallum reissued a hold rating and issued a $62.00 price objective on shares of Sanmina in a report on Tuesday, April 30th.

Sanmina Trading Up 2.2 %

Sanmina stock traded up $1.61 during midday trading on Wednesday, hitting $75.18. 127,701 shares of the stock were exchanged, compared to its average volume of 429,801. The company has a current ratio of 2.00, a quick ratio of 1.25 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $68.35 and its 200 day simple moving average is $63.21. Sanmina has a fifty-two week low of $43.40 and a fifty-two week high of $76.56. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.69 and a beta of 0.92.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, July 29th. The electronics maker reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. Sanmina had a net margin of 2.93% and a return on equity of 10.83%. Sanmina’s revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. On average, equities analysts anticipate that Sanmina will post 4.63 EPS for the current year.

Insider Transactions at Sanmina

In related news, EVP Alan Mcwilliams Reid sold 3,528 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $65.43, for a total value of $230,837.04. Following the transaction, the executive vice president now owns 37,651 shares of the company’s stock, valued at $2,463,504.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Eugene A. Delaney sold 7,181 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $64.91, for a total value of $466,118.71. Following the completion of the sale, the director now directly owns 100,887 shares of the company’s stock, valued at $6,548,575.17. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 3,528 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $65.43, for a total value of $230,837.04. Following the transaction, the executive vice president now directly owns 37,651 shares in the company, valued at approximately $2,463,504.93. The disclosure for this sale can be found here. Company insiders own 3.09% 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 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.