Sanmina (NASDAQ:SANM) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Sanmina (NASDAQ:SANM) issued its earnings results on Monday. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07, Briefing.com reports. Sanmina had a net margin of 2.94% and a return on equity of 10.52%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Sanmina updated its Q1 guidance to $1.30-$1.40 EPS and its Q1 2025 guidance to 1.300-1.400 EPS.

Sanmina Price Performance

NASDAQ:SANM traded down $1.43 during trading hours on Thursday, hitting $82.45. The company’s stock had a trading volume of 56,952 shares, compared to its average volume of 425,743. Sanmina has a 52-week low of $45.45 and a 52-week high of $86.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.27 and a current ratio of 2.03. The company has a market capitalization of $4.51 billion, a PE ratio of 21.45, a PEG ratio of 1.66 and a beta of 0.89. The business’s 50-day moving average is $68.13 and its two-hundred day moving average is $67.71.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. StockNews.com raised Sanmina from a “hold” rating to a “buy” rating in a report on Thursday. Craig Hallum raised their target price on shares of Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a research report on Tuesday.

Insider Buying and Selling at Sanmina

In other Sanmina news, CEO Jure Sola sold 82,328 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $69.67, for a total transaction of $5,735,791.76. Following the completion of the transaction, the chief executive officer now owns 1,198,594 shares of the company’s stock, valued at approximately $83,506,043.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.09% of the stock is owned by corporate insiders.

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.