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

Sanmina (NASDAQ:SANM - Get Free Report) posted its quarterly earnings data on Monday. The electronics maker reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07, Briefing.com reports. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. Sanmina had a return on equity of 10.79% and a net margin of 2.93%. The company's revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. Sanmina updated its Q1 guidance to $1.30-$1.40 EPS and its Q1 2025 guidance to 1.300-1.400 EPS.

Sanmina Stock Performance

Sanmina stock traded up $1.60 during trading hours on Tuesday, reaching $74.40. 860,594 shares of the stock were exchanged, compared to its average volume of 422,992. The stock has a market cap of $4.07 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.63 and a beta of 0.89. The firm's 50 day moving average is $67.82 and its 200 day moving average is $67.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.27 and a current ratio of 2.03. Sanmina has a 52-week low of $43.40 and a 52-week high of $76.84.

Insider Transactions at Sanmina

In other news, EVP Alan Mcwilliams Reid sold 8,500 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $68.85, for a total transaction of $585,225.00. Following the completion of the transaction, the executive vice president now directly owns 26,679 shares of the company's stock, valued at approximately $1,836,849.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Sanmina news, EVP Alan Mcwilliams Reid sold 8,500 shares of the business's stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $68.85, for a total transaction of $585,225.00. Following the sale, the executive vice president now directly owns 26,679 shares in the company, valued at approximately $1,836,849.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jure Sola sold 82,328 shares of the stock in a transaction dated Friday, August 9th. The shares were 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 $83,506,043.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,829 shares of company stock worth $6,321,086 over the last ninety days. 3.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on SANM shares. StockNews.com lowered shares of Sanmina from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Craig Hallum boosted their price target on Sanmina from $62.00 to $69.00 and gave the company a "hold" rating in a research report on Tuesday.

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.