Wall Street analysts expect that Sanmina Corp (NASDAQ:SANM) will report $0.65 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Sanmina’s earnings. Sanmina reported earnings per share of $0.64 in the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The company is scheduled to announce its next earnings results on Monday, October 29th.
On average, analysts expect that Sanmina will report full year earnings of $2.18 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $2.76 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Sanmina.
Sanmina (NASDAQ:SANM) last issued its quarterly earnings data on Monday, July 30th. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Sanmina had a negative net margin of 1.01% and a positive return on equity of 10.28%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.74 EPS.
SANM has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of Sanmina from $33.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research cut shares of Sanmina from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Finally, ValuEngine cut shares of Sanmina from a “hold” rating to a “sell” rating in a report on Friday, May 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.75.
Shares of NASDAQ SANM opened at $29.75 on Tuesday. The company has a market cap of $2.02 billion, a P/E ratio of 14.28, a PEG ratio of 1.47 and a beta of 0.48. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. Sanmina has a 52-week low of $24.60 and a 52-week high of $39.40.
Institutional investors have recently added to or reduced their stakes in the company. Adviser Investments LLC acquired a new position in shares of Sanmina in the first quarter valued at approximately $110,000. First Mercantile Trust Co. acquired a new position in shares of Sanmina in the first quarter valued at approximately $110,000. Vigilant Capital Management LLC acquired a new position in shares of Sanmina in the second quarter valued at approximately $147,000. Sun Life Financial INC acquired a new position in shares of Sanmina in the second quarter valued at approximately $170,000. Finally, Trexquant Investment LP acquired a new position in shares of Sanmina in the second quarter valued at approximately $204,000. Institutional investors own 93.13% of the company’s stock.
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. The company offers product design and engineering solutions, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.
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