Sanmina (SANM) to Release Quarterly Earnings on Monday

Sanmina (NASDAQ:SANM - Get Free Report) is set to post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Sanmina to post earnings of $1.39 per share for the quarter.

Sanmina (NASDAQ:SANM - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The electronics maker reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.03). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. Sanmina had a net margin of 2.93% and a return on equity of 10.79%. Sanmina's revenue was down 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 earnings per share. On average, analysts expect Sanmina to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sanmina Stock Performance

Shares of NASDAQ:SANM traded up $1.67 during trading on Tuesday, reaching $70.18. The company had a trading volume of 408,637 shares, compared to its average volume of 420,627. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.27. Sanmina has a fifty-two week low of $43.40 and a fifty-two week high of $76.84. The stock's fifty day moving average price is $67.56 and its 200 day moving average price is $67.10.

Insider Transactions at Sanmina

In other news, CEO Jure Sola sold 82,328 shares of the business's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $69.67, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Sanmina news, CEO Jure Sola sold 82,328 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $69.67, for a total value of $5,735,791.76. Following the sale, the chief executive officer now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eugene A. Delaney sold 8,688 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $74.83, for a total transaction of $650,123.04. Following the completion of the sale, the director now owns 92,199 shares of the company's stock, valued at approximately $6,899,251.17. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,320 shares of company stock valued at $7,294,883 over the last three months. 3.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Sanmina from a "hold" rating to a "buy" rating in a report on Sunday, October 13th.

Sanmina Company Profile

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.