Sanmina (NASDAQ:SANM) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS
Sanmina (NASDAQ:SANM) released its quarterly earnings data on Sunday. The electronics maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.18, Fidelity Earnings reports. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.71 billion. Sanmina had a return on equity of 11.51% and a net margin of 2.01%. The firm’s revenue was down 34.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share.
NASDAQ:SANM traded down $0.85 during midday trading on Tuesday, reaching $40.27. The stock had a trading volume of 514,134 shares, compared to its average volume of 380,567. The stock has a market capitalization of $2.61 billion, a P/E ratio of 20.24, a PEG ratio of 0.84 and a beta of 1.14. Sanmina has a 1-year low of $23.75 and a 1-year high of $43.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.29. The firm’s fifty day simple moving average is $41.45 and its 200-day simple moving average is $34.80.
Several research analysts have recently commented on SANM shares. Craig Hallum increased their price target on shares of Sanmina from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Sanmina from a “buy” rating to a “hold” rating in a research report on Wednesday, April 7th. Finally, Argus cut Sanmina from a “buy” rating to a “hold” rating in a research report on Tuesday, February 16th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $45.50.
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; manufacturing of components, subassemblies, and complete systems; high-level assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.
Receive News & Ratings for Sanmina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanmina and related companies with MarketBeat.com's FREE daily email newsletter.