Sanmina (SANM) to Release Earnings on Monday

Sanmina (NASDAQ:SANMGet Rating) will issue its quarterly earnings data after the market closes on Monday, May 2nd. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Sanmina has set its Q2 guidance at $0.95-1.05 EPS.

Sanmina (NASDAQ:SANMGet Rating) last released its earnings results on Monday, January 31st. The electronics maker reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.16. Sanmina had a return on equity of 12.80% and a net margin of 4.14%. The firm had revenue of $1.76 billion during the quarter. During the same quarter in the prior year, the business posted $0.90 EPS. On average, analysts expect Sanmina to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NASDAQ:SANM traded down $0.35 during trading on Tuesday, hitting $39.84. 7,669 shares of the company’s stock were exchanged, compared to its average volume of 416,816. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.14 and a current ratio of 1.74. Sanmina has a 52-week low of $35.06 and a 52-week high of $43.63. The firm has a 50-day moving average of $40.13. The firm has a market capitalization of $2.53 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 0.91 and a beta of 1.06.

In other news, SVP Brent Billinger sold 3,831 shares of the firm’s stock in a transaction that occurred on Thursday, February 3rd. The stock was sold at an average price of $40.23, for a total value of $154,121.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 9,039 shares of the firm’s stock in a transaction that occurred on Friday, February 11th. The shares were sold at an average price of $39.11, for a total value of $353,515.29. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of SANM. Morgan Stanley lifted its stake in shares of Sanmina by 36.8% during the 2nd quarter. Morgan Stanley now owns 591,728 shares of the electronics maker’s stock worth $23,053,000 after acquiring an additional 159,047 shares during the last quarter. Royal Bank of Canada increased its holdings in Sanmina by 20.1% during the 3rd quarter. Royal Bank of Canada now owns 13,706 shares of the electronics maker’s stock worth $528,000 after purchasing an additional 2,294 shares during the period. UBS Group AG increased its holdings in Sanmina by 1,708.1% during the 3rd quarter. UBS Group AG now owns 71,782 shares of the electronics maker’s stock worth $2,767,000 after purchasing an additional 67,812 shares during the period. Janus Henderson Group PLC purchased a new position in Sanmina during the 3rd quarter worth $253,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Sanmina by 83.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 242,588 shares of the electronics maker’s stock valued at $10,057,000 after acquiring an additional 110,235 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

SANM has been the subject of several research analyst reports. StockNews.com cut Sanmina from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 20th. Zacks Investment Research raised Sanmina from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.25.

Sanmina Company Profile (Get Rating)

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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Earnings History for Sanmina (NASDAQ:SANM)

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