Sanmina (SANM) Expected to Announce Quarterly Earnings on Monday

Sanmina (NASDAQ:SANM) is anticipated to issue its quarterly earnings data before the market opens on Monday, January 27th. Analysts expect the company to announce earnings of $1.37 per share for the quarter. Sanmina has set its Q1 guidance at $1.30-$1.40 EPS and its Q1 2025 guidance at 1.300-1.400 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Sanmina (NASDAQ:SANM) last announced its earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts expect Sanmina to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Sanmina Stock Up 0.5 %

Shares of NASDAQ:SANM opened at $82.97 on Monday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.30 and a beta of 0.91. The stock has a 50 day moving average price of $78.65 and a 200-day moving average price of $72.60. Sanmina has a 52-week low of $49.54 and a 52-week high of $86.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.25 and a current ratio of 1.99.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SANM shares. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a report on Thursday, November 21st. Craig Hallum lifted their price objective on Sanmina from $62.00 to $69.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th.

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.