NASDAQ:SANMSanmina Stock Price, Forecast & News

Sanmina's stock was trading at $23.82 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SANM stock has increased by 4.0% and is now trading at $24.77. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Sanmina.

Sanmina is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Sanmina.

Sanmina Corp (NASDAQ:SANM) issued its quarterly earnings data on Monday, April, 27th. The electronics maker reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.55 by $0.23. The electronics maker had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $1.64 billion. Sanmina had a net margin of 1.44% and a return on equity of 10.40%. The firm's quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. View Sanmina's earnings history.

Sanmina issued an update on its third quarter earnings guidance on Monday, April, 27th. The company provided earnings per share (EPS) guidance of $0.30-$0.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.59. The company issued revenue guidance of $1.50-$1.60 billion, compared to the consensus revenue estimate of $1.63 billion.

2 Wall Street analysts have issued 1-year target prices for Sanmina's stock. Their forecasts range from $30.00 to $30.00. On average, they anticipate Sanmina's share price to reach $30.00 in the next year. This suggests a possible upside of 21.1% from the stock's current price. View analysts' price targets for Sanmina.

Media coverage about SANM stock has been trending neutral recently, according to InfoTrie. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Sanmina earned a media sentiment score of 0.5 on InfoTrie's scale. They also gave news coverage about the electronics maker a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the stock's share price in the near term. View the latest news about Sanmina.

Sanmina saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,420,000 shares, a drop of 6.6% from the May 31st total of 1,520,000 shares. Based on an average daily trading volume, of 535,300 shares, the short-interest ratio is presently 2.7 days. Currently, 2.2% of the shares of the stock are short sold. View Sanmina's Current Options Chain.

Some companies that are related to Sanmina include Trimble (TRMB), IPG Photonics (IPGP), Jabil (JBL), Mercury Systems (MRCY), Fabrinet (FN), Plexus (PLXS), KEMET (KEM), TTM Technologies (TTMI), Methode Electronics (MEI), Benchmark Electronics (BHE), CTS (CTS), Park Electrochemical (PKE), Neonode (NEON) and Key Tronic (KTCC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sanmina investors own include Southwest Airlines (LUV), Vipshop (VIPS), NVIDIA (NVDA), Square (SQ), Twitter (TWTR), Alibaba Group (BABA), FireEye (FEYE), General Motors (GM), Mastercard (MA) and Netflix (NFLX).

Sanmina trades on the NASDAQ under the ticker symbol "SANM."

Shares of SANM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SANM stock can currently be purchased for approximately $24.77.

Sanmina has a market capitalization of $1.69 billion and generates $8.23 billion in revenue each year. The electronics maker earns $141.51 million in net income (profit) each year or $3.06 on an earnings per share basis. Sanmina employs 43,000 workers across the globe.

The official website for Sanmina is www.sanmina.com.

Sanmina's mailing address is 2700 NORTH FIRST STREET, SAN JOSE CA, 95134. The electronics maker can be reached via phone at 408-964-3500 or via email at [email protected]