Sanmina Corporation (NASDAQ:SANM) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.73-0.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.79. The company issued revenue guidance of $1.725-1.775 billion, compared to the consensus revenue estimate of $1.78 billion.
SANM has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their price target on Sanmina Corporation from $42.00 to $40.00 and set a sector perform rating on the stock in a research report on Tuesday, July 25th. ValuEngine raised Sanmina Corporation from a hold rating to a buy rating in a research report on Thursday, July 27th. Needham & Company LLC reissued a buy rating and set a $45.00 target price on shares of Sanmina Corporation in a research report on Tuesday, July 25th. Zacks Investment Research lowered Sanmina Corporation from a hold rating to a strong sell rating in a research report on Friday, July 28th. Finally, Bank of America Corporation reissued a buy rating and set a $48.00 target price on shares of Sanmina Corporation in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $42.80.
Shares of Sanmina Corporation (SANM) traded down 0.97% on Thursday, hitting $35.85. The company’s stock had a trading volume of 579,281 shares. The firm has a market cap of $2.70 billion, a PE ratio of 13.13 and a beta of 0.78. Sanmina Corporation has a 1-year low of $25.10 and a 1-year high of $42.95. The company has a 50 day moving average of $38.68 and a 200 day moving average of $38.59.
Sanmina Corporation (NASDAQ:SANM) last released its earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by $0.01. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Sanmina Corporation had a net margin of 3.15% and a return on equity of 12.35%. Sanmina Corporation’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS. Equities analysts forecast that Sanmina Corporation will post $3.01 EPS for the current year.
In other Sanmina Corporation news, VP Robert K. Eulau sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $38.40, for a total transaction of $384,000.00. Following the transaction, the vice president now directly owns 200,000 shares in the company, valued at $7,680,000. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.96% of the stock is currently owned by company insiders.
Sanmina Corporation Company Profile
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.
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