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

Sanmina (NASDAQ:SANM) released its quarterly earnings data on Monday. The electronics maker reported $1.43 EPS for the quarter, topping the consensus estimate of $1.36 by $0.07, Briefing.com reports. Sanmina had a net margin of 2.94% and a return on equity of 10.52%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm earned $1.20 EPS. Sanmina’s revenue for the quarter was down 1.6% on a year-over-year basis. 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

Shares of Sanmina stock traded down $0.53 on Thursday, hitting $83.35. 99,947 shares of the company traded hands, compared to its average volume of 425,942. Sanmina has a 12-month low of $45.45 and a 12-month high of $86.05. The firm’s 50-day simple moving average is $68.13 and its 200 day simple moving average is $67.71. The company has a market cap of $4.56 billion, a P/E ratio of 21.45, a P/E/G ratio of 1.66 and a beta of 0.89. 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 Activity at Sanmina

In other news, CEO Jure Sola sold 82,328 shares of the company’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 transaction, the chief executive officer now directly owns 1,198,594 shares in the company, valued at approximately $83,506,043.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Craig Hallum increased their price objective on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday.

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.