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. In addition, the company provides interconnect systems, such as printed circuit board fabrication, backplane, cable assemblies, and plastic injection moldings; mechanical systems comprising enclosures and precision machining; memory, storage platforms, radio frequency, optical, and microelectronic solutions; defense and aerospace products; and cloud-based manufacturing execution software. It offers its products and services primarily to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks, and cloud solutions industries. Sanmina Corporation was founded in 1980 and is headquartered in San Jose, California.
Analyst Ratings Changes
Several equities analysts have recently issued reports on SANM shares. Craig Hallum lifted their price target on Sanmina from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Tuesday, August 2nd. StockNews.com raised shares of Sanmina from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, August 3rd.
Sanmina Trading Up 0.2 %
Sanmina stock opened at $49.34 on Friday. The company has a 50 day moving average price of $43.45 and a 200 day moving average price of $41.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.92 and a current ratio of 1.58. Sanmina has a 52 week low of $35.06 and a 52 week high of $50.36. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.95 and a beta of 0.99.
Sanmina (NASDAQ:SANM - Get Rating) last released its earnings results on Monday, August 1st. The electronics maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.19. The company had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.88 billion. Sanmina had a return on equity of 13.67% and a net margin of 3.38%. The business's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. Research analysts forecast that Sanmina will post 4.31 EPS for the current year.