Sanmina Corporation (SANM) Given Media Sentiment Score of 0.13
Media stories about Sanmina Corporation (NASDAQ:SANM) have trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sanmina Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 46.6973330297378 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Sanmina Corporation (SANM) traded down 0.28% during mid-day trading on Friday, reaching $35.75. The company’s stock had a trading volume of 573,036 shares. The company’s 50-day moving average price is $38.68 and its 200 day moving average price is $38.59. Sanmina Corporation has a 52 week low of $25.60 and a 52 week high of $42.95. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 13.06 and a beta of 0.78.
Sanmina Corporation (NASDAQ:SANM) last posted its quarterly earnings results on Monday, July 24th. The electronics maker reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.74 billion. Sanmina Corporation had a return on equity of 12.35% and a net margin of 3.15%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. On average, equities analysts forecast that Sanmina Corporation will post $3.01 earnings per share for the current fiscal year.
A number of analysts have weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $42.00 target price (up previously from $39.00) on shares of Sanmina Corporation in a report on Tuesday, April 25th. Bank of America Corporation restated a “buy” rating and set a $48.00 target price on shares of Sanmina Corporation in a report on Thursday, June 15th. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Sanmina Corporation in a report on Tuesday, July 25th. Zacks Investment Research lowered Sanmina Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, ValuEngine upgraded Sanmina Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Sanmina Corporation has an average rating of “Hold” and a consensus price target of $42.80.
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In other Sanmina Corporation news, VP Robert K. Eulau sold 10,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $38.40, for a total value of $384,000.00. Following the completion of the transaction, the vice president now owns 200,000 shares in the company, valued at $7,680,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.96% of the company’s stock.
About Sanmina Corporation
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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