Sanmina (NASDAQ:SANM) Issues Q1 Earnings Guidance

Sanmina (NASDAQ:SANM) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of $1.30-$1.40 for the period, compared to the consensus EPS estimate of $1.44. The company issued revenue guidance of $1.925-$2.025 billion, compared to the consensus revenue estimate of $2.00 billion. Sanmina also updated its Q1 2025 guidance to 1.300-1.400 EPS.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Sanmina from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th.

Sanmina Stock Up 2.0 %

Shares of NASDAQ:SANM traded up $1.45 during trading on Monday, hitting $72.80. 410,549 shares of the company were exchanged, compared to its average volume of 421,097. The stock has a market capitalization of $3.98 billion, a P/E ratio of 18.48, a PEG ratio of 1.60 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.27. Sanmina has a 12-month low of $43.40 and a 12-month high of $76.84. The firm’s 50 day moving average price is $67.64 and its 200-day moving average price is $67.37.

Insider Transactions at Sanmina

In other news, Director Krish A. Prabhu sold 4,803 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $67.39, for a total transaction of $323,674.17. Following the transaction, the director now directly owns 19,166 shares of the company’s stock, valued at $1,291,596.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Alan Mcwilliams Reid sold 8,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Krish A. Prabhu sold 4,803 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $67.39, for a total transaction of $323,674.17. Following the completion of the transaction, the director now owns 19,166 shares in the company, valued at $1,291,596.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,632 shares of company stock worth $6,644,760. 3.09% of the stock is currently owned by insiders.

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.