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.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on SANM shares. Craig Hallum upped their target price on Sanmina from $65.00 to $70.00 and gave the company a "buy" rating in a report on Tuesday, August 2nd. StockNews.com raised Sanmina from a "buy" rating to a "strong-buy" rating in a report on Wednesday.
Sanmina Stock Up 0.2 %
NASDAQ:SANM opened at $49.90 on Friday. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.96 and a beta of 0.99. Sanmina has a 1-year low of $35.06 and a 1-year high of $50.36. The company has a current ratio of 1.58, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The business's fifty day moving average price is $43.04 and its 200 day moving average price is $41.12.
Sanmina (NASDAQ:SANM - Get Rating) last posted its quarterly 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 firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.88 billion. Sanmina had a return on equity of 13.67% and a net margin of 3.38%. Sanmina's quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share. On average, sell-side analysts forecast that Sanmina will post 4.31 earnings per share for the current fiscal year.