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

Sanmina (NASDAQ:SANM) released its earnings results on Monday. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07, Briefing.com reports. Sanmina had a return on equity of 10.52% and a net margin of 2.94%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the firm earned $1.20 EPS. The firm’s revenue 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 Stock Performance

SANM stock traded up $8.93 during trading on Wednesday, hitting $83.33. 110,516 shares of the company traded hands, compared to its average volume of 421,589. 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 1 year low of $43.40 and a 1 year high of $83.85. The stock’s 50-day simple moving average is $67.82 and its 200 day simple moving average is $67.59. The company has a market cap of $4.55 billion, a PE ratio of 20.73, a P/E/G ratio of 1.66 and a beta of 0.89.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SANM shares. StockNews.com cut Sanmina from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Craig Hallum raised their price target on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research report on Tuesday.

Insider Transactions at Sanmina

In related news, CEO Jure Sola sold 82,328 shares of the business’s stock in a transaction on Friday, August 9th. The shares were 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 $83,506,043.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.09% of the company’s stock.

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.