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

Sanmina (NASDAQ:SANM) announced its earnings results on Monday. The electronics maker reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07, Briefing.com reports. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a return on equity of 10.52% and a net margin of 2.94%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $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 traded down $1.43 during midday trading on Thursday, hitting $82.45. 56,952 shares of the stock traded hands, compared to its average volume of 425,743. Sanmina has a 1-year low of $45.45 and a 1-year high of $86.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.27 and a current ratio of 2.03. The firm has a market capitalization of $4.51 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89. The business’s 50 day moving average price is $68.13 and its two-hundred day moving average price is $67.71.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Sanmina news, CEO Jure Sola sold 82,328 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $69.67, for a total transaction of $5,735,791.76. Following the completion of the transaction, the chief executive officer now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.