Sanmina Co. (NASDAQ:SANM - Free Report) - Investment analysts at Sidoti Csr increased their Q2 2024 earnings per share (EPS) estimates for shares of Sanmina in a report issued on Wednesday, April 24th. Sidoti Csr analyst A. Soderstrom now expects that the electronics maker will post earnings per share of $1.09 for the quarter, up from their previous 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.
Sanmina (NASDAQ:SANM - Get Free Report) last released its quarterly earnings results on Monday, January 29th. The electronics maker reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.08. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. Sanmina had a net margin of 3.25% and a return on equity of 13.16%. Sanmina's revenue for the quarter was down 20.4% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share.
Separately, Fox Advisors assumed coverage on Sanmina in a research note on Wednesday, March 6th. They set an "overweight" rating and a $80.00 price objective on the stock.
View Our Latest Report on Sanmina
Sanmina Stock Performance
Shares of SANM traded up $0.28 during mid-day trading on Friday, hitting $62.97. 381,962 shares of the company's stock were exchanged, compared to its average volume of 493,585. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 0.14. Sanmina has a 52 week low of $43.40 and a 52 week high of $69.69. The stock's 50-day simple moving average is $61.22 and its 200-day simple moving average is $55.30. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.97 and a beta of 1.04.
Insider Buying and Selling
In other news, Director Susan A. Johnson sold 1,000 shares of the company's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $60.64, for a total transaction of $60,640.00. Following the completion of the sale, the director now owns 7,811 shares of the company's stock, valued at approximately $473,659.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.09% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Sanmina
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Sanmina by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 7,108,722 shares of the electronics maker's stock valued at $365,175,000 after purchasing an additional 130,797 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Sanmina by 19.1% during the 3rd quarter. Earnest Partners LLC now owns 1,182,552 shares of the electronics maker's stock valued at $64,189,000 after acquiring an additional 189,832 shares in the last quarter. Global Alpha Capital Management Ltd. grew its position in Sanmina by 27.4% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 677,891 shares of the electronics maker's stock worth $34,823,000 after acquiring an additional 145,780 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Sanmina by 18.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 643,251 shares of the electronics maker's stock worth $39,997,000 after purchasing an additional 100,865 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Sanmina by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 583,257 shares of the electronics maker's stock valued at $29,962,000 after purchasing an additional 13,120 shares during the last quarter. Institutional investors and hedge funds own 92.71% of the company's stock.
About Sanmina
(
Get Free Report)
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.
Recommended Stories
Before you consider Sanmina, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sanmina wasn't on the list.
While Sanmina currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
