News stories about Sanmina (NASDAQ:SANM) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sanmina earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the electronics maker an impact score of 45.7135999374067 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Sanmina (NASDAQ:SANM) opened at $33.60 on Friday. Sanmina has a 12 month low of $29.95 and a 12 month high of $42.95. The stock has a market capitalization of $2,430.00, a PE ratio of 18.88, a PEG ratio of 0.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.97 and a current ratio of 1.62.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, October 30th. The electronics maker reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.12). Sanmina had a net margin of 2.02% and a return on equity of 12.27%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the business posted $0.72 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. sell-side analysts anticipate that Sanmina will post 3 EPS for the current fiscal year.

Sanmina announced that its board has initiated a stock buyback program on Monday, September 18th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 77% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of equities research analysts recently issued reports on the company. Bank of America downgraded Sanmina from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Sanmina in a research note on Wednesday, October 4th. ValuEngine cut Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised Sanmina from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, BidaskClub cut Sanmina from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Sanmina has an average rating of “Hold” and a consensus target price of $44.33.

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Sanmina 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.

Insider Buying and Selling by Quarter for Sanmina (NASDAQ:SANM)

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