Sanmina (SANM) Updates Q1 Earnings Guidance

Sanmina (NASDAQ:SANM) updated its first quarter earnings guidance on Friday. The company provided earnings per share guidance of $0.48 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.71. The company issued revenue guidance of $1.74 billion, compared to the consensus revenue estimate of $1.77 billion.Sanmina also updated its Q2 guidance to $0.40-0.50 EPS.

A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Sanmina from a sell rating to a hold rating in a research note on Thursday, January 4th. Craig Hallum upgraded shares of Sanmina from a hold rating to a buy rating in a research note on Monday, December 18th. Bank of America lowered shares of Sanmina from a buy rating to a neutral rating in a research note on Tuesday, October 31st. Argus lowered shares of Sanmina from a buy rating to a hold rating in a research note on Thursday, November 2nd. Finally, BidaskClub lowered shares of Sanmina from a buy rating to a hold rating in a research note on Tuesday, December 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Sanmina has an average rating of Hold and a consensus price target of $44.33.

Shares of Sanmina (NASDAQ SANM) opened at $35.45 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.97 and a debt-to-equity ratio of 0.24. Sanmina has a 12 month low of $29.95 and a 12 month high of $42.95. The firm has a market cap of $2,517.13, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 0.97 and a beta of 0.79.

Sanmina (NASDAQ:SANM) last announced its quarterly earnings results on Monday, October 30th. The electronics maker reported $0.64 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 business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the business posted $0.72 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. equities research analysts forecast that Sanmina will post 3 EPS for the current year.

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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.

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