Sanmina (SANM) Expected to Announce Earnings on Monday

Sanmina (NASDAQ:SANM - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of $1.38 per share and revenue of $1.97 billion for the quarter.

Sanmina Stock Performance

Shares of SANM stock traded down $2.34 during trading hours on Monday, reaching $79.90. 121,860 shares of the company's stock were exchanged, compared to its average volume of 390,992. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.06 and a quick ratio of 1.30. Sanmina has a 1 year low of $57.52 and a 1 year high of $91.12. The company has a market cap of $4.34 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 1.29 and a beta of 1.00. The company's 50 day moving average is $77.26 and its two-hundred day moving average is $78.09.

Sanmina announced that its Board of Directors has approved a stock repurchase program on Monday, January 27th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the electronics maker to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other Sanmina news, Director Eugene A. Delaney sold 11,712 shares of Sanmina stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $84.02, for a total transaction of $984,042.24. Following the completion of the transaction, the director now owns 65,408 shares in the company, valued at approximately $5,495,580.16. The trade was a 15.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mario M. Rosati sold 11,391 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $86.02, for a total transaction of $979,853.82. Following the completion of the sale, the director now owns 80,295 shares in the company, valued at $6,906,975.90. This represents a 12.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,405 shares of company stock worth $2,821,682 in the last three months. Corporate insiders own 3.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SANM. Bank of America upgraded shares of Sanmina from an "underperform" rating to a "neutral" rating and increased their price target for the company from $58.00 to $92.00 in a report on Wednesday, January 29th. StockNews.com downgraded shares of Sanmina from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 6th.

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.