Sanmina (NASDAQ:SANM – Get Rating) announced its quarterly earnings results on Monday. The electronics maker reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.13, MarketWatch Earnings reports. Sanmina had a net margin of 4.14% and a return on equity of 12.80%. During the same quarter in the prior year, the firm posted $0.87 EPS. Sanmina updated its Q3 guidance to $1.05-1.15 EPS.
NASDAQ SANM opened at $40.96 on Tuesday. Sanmina has a 12 month low of $35.06 and a 12 month high of $43.63. The company has a market cap of $2.60 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.92 and a beta of 0.98. The business’s 50 day moving average price is $40.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.14 and a current ratio of 1.74.
In other Sanmina news, 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 transaction of $353,515.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $154,121.13. The disclosure for this sale can be found here. 3.38% of the stock is currently owned by company insiders.
SANM has been the topic of a number of research reports. Zacks Investment Research raised shares of Sanmina from a “sell” rating to a “hold” rating in a report on Wednesday, April 6th. StockNews.com raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $51.25.
About Sanmina (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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