Sanmina (NASDAQ:SANM – Get Free Report) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $1.30-$1.40 for the period, compared to the consensus earnings per share estimate of $1.44. The company issued revenue guidance of $1.90-$2.0 billion, compared to the consensus revenue estimate of $2.01 billion. Sanmina also updated its Q4 2024 guidance to 1.300-1.400 EPS.
Sanmina Stock Performance
NASDAQ:SANM traded down $2.39 during midday trading on Tuesday, reaching $72.57. The stock had a trading volume of 209,280 shares, compared to its average volume of 427,663. The company has a quick ratio of 1.25, a current ratio of 2.00 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.05 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.67 and a beta of 0.92. The firm has a fifty day simple moving average of $68.22 and a two-hundred day simple moving average of $63.05. Sanmina has a 12-month low of $43.40 and a 12-month high of $76.56.
Sanmina (NASDAQ:SANM – Get Free Report) last issued its earnings results on Monday, July 29th. The electronics maker reported $1.25 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 11.98% and a net margin of 3.11%. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 earnings per share. On average, equities analysts expect that Sanmina will post 4.63 EPS for the current year.
Analyst Upgrades and Downgrades
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Insider Buying and Selling at Sanmina
In other news, EVP Alan Mcwilliams Reid sold 3,528 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $65.43, for a total value of $230,837.04. Following the completion of 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 document filed with the SEC, which is accessible through this link. In other news, EVP Alan Mcwilliams Reid sold 3,528 shares of Sanmina 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 completion of the sale, the executive vice president now owns 37,651 shares of the company’s stock, valued at $2,463,504.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eugene A. Delaney sold 7,181 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $64.91, for a total value of $466,118.71. Following the transaction, the director now owns 100,887 shares in the company, valued at $6,548,575.17. The disclosure for this sale can be found here. 3.09% of the stock is 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.
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