Wall Street brokerages predict that Sanmina Corp (NASDAQ:SANM) will report earnings of $0.65 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Sanmina’s earnings. Sanmina reported earnings of $0.64 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The business is scheduled to report its next quarterly earnings report on Monday, October 29th.

According to Zacks, analysts expect that Sanmina will report full year earnings of $2.18 per share for the current financial year. For the next financial year, analysts expect that the firm will post earnings of $2.76 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Sanmina.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, July 30th. The electronics maker reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). Sanmina had a negative net margin of 1.01% and a positive return on equity of 10.28%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the firm posted $0.74 EPS. Sanmina’s revenue for the quarter was up 6.0% compared to the same quarter last year.

SANM has been the topic of a number of analyst reports. ValuEngine lowered Sanmina from a “hold” rating to a “sell” rating in a report on Friday, May 18th. Citigroup lifted their price objective on Sanmina from $33.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research lowered Sanmina from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Sanmina has a consensus rating of “Hold” and a consensus target price of $35.75.

Shares of SANM opened at $29.75 on Tuesday. Sanmina has a twelve month low of $24.60 and a twelve month high of $39.40. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.73 and a current ratio of 1.26.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Connable Office Inc. boosted its stake in shares of Sanmina by 19.2% during the 1st quarter. Connable Office Inc. now owns 11,106 shares of the electronics maker’s stock worth $290,000 after acquiring an additional 1,788 shares in the last quarter. First Mercantile Trust Co. boosted its stake in shares of Sanmina by 45.1% during the 2nd quarter. First Mercantile Trust Co. now owns 6,080 shares of the electronics maker’s stock worth $178,000 after acquiring an additional 1,890 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Sanmina by 21.1% during the 1st quarter. Stifel Financial Corp now owns 11,382 shares of the electronics maker’s stock worth $298,000 after acquiring an additional 1,986 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Sanmina by 9.8% during the 2nd quarter. Aperio Group LLC now owns 29,043 shares of the electronics maker’s stock worth $851,000 after acquiring an additional 2,587 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Sanmina by 46.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 9,481 shares of the electronics maker’s stock worth $248,000 after acquiring an additional 3,000 shares in the last quarter. 93.13% of the stock is currently owned by institutional investors.

Sanmina Company Profile

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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