Sidoti Csr Analysts Boost Earnings Estimates for Sanmina Co. (NASDAQ:SANM)

Sanmina Co. (NASDAQ:SANM) – Analysts at Sidoti Csr lifted their Q2 2024 earnings estimates for shares of Sanmina in a research note issued on Wednesday, April 24th. Sidoti Csr analyst A. Soderstrom now forecasts that the electronics maker will post earnings per share of $1.09 for the quarter, up from their prior forecast of $0.88. The consensus estimate for Sanmina’s current full-year earnings is $4.70 per share. Sidoti Csr also issued estimates for Sanmina’s Q3 2024 earnings at $1.31 EPS, Q4 2024 earnings at $1.48 EPS, FY2024 earnings at $5.00 EPS, Q1 2025 earnings at $1.52 EPS, Q2 2025 earnings at $1.51 EPS, Q3 2025 earnings at $1.62 EPS, Q4 2025 earnings at $1.63 EPS and FY2025 earnings at $6.29 EPS.

Separately, Fox Advisors began coverage on shares of Sanmina in a report on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 price target for the company.

Sanmina Trading Up 0.4 %

SANM opened at $62.97 on Friday. Sanmina has a 52-week low of $43.40 and a 52-week high of $69.69. The firm’s 50 day moving average is $61.22 and its 200-day moving average is $55.30. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $3.58 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.97 and a beta of 1.04.

Sanmina (NASDAQ:SANM) last released its earnings results on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.22 by $0.08. Sanmina had a return on equity of 13.16% and a net margin of 3.25%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $1.49 earnings per share. The business’s quarterly revenue was down 20.4% compared to the same quarter last year.

Institutional Trading of Sanmina

A number of large investors have recently bought and sold shares of SANM. Wedge Capital Management L L P NC raised its stake in shares of Sanmina by 49.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 115,653 shares of the electronics maker’s stock worth $5,941,000 after purchasing an additional 38,286 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in Sanmina by 86.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 71,294 shares of the electronics maker’s stock valued at $3,870,000 after purchasing an additional 32,998 shares during the last quarter. FMR LLC grew its holdings in Sanmina by 498.3% during the third quarter. FMR LLC now owns 489,308 shares of the electronics maker’s stock worth $26,560,000 after purchasing an additional 407,528 shares during the period. Sei Investments Co. increased its position in Sanmina by 19.1% during the third quarter. Sei Investments Co. now owns 256,717 shares of the electronics maker’s stock worth $13,935,000 after buying an additional 41,216 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Sanmina by 18.3% during the third quarter. Hsbc Holdings PLC now owns 61,689 shares of the electronics maker’s stock worth $3,374,000 after buying an additional 9,545 shares during the last quarter. 92.71% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Susan A. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.64, for a total value of $60,640.00. Following the transaction, the director now directly owns 7,811 shares of the company’s stock, valued at approximately $473,659.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.09% of the stock is currently owned by company 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.