$0.91 Earnings Per Share Expected for Sanmina Co. (NASDAQ:SANM) This Quarter

Equities research analysts forecast that Sanmina Co. (NASDAQ:SANM) will post $0.91 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Sanmina’s earnings. Sanmina posted earnings per share of $1.02 in the same quarter last year, which suggests a negative year over year growth rate of 10.8%. The company is expected to issue its next earnings results on Tuesday, February 1st.

According to Zacks, analysts expect that Sanmina will report full-year earnings of $3.86 per share for the current financial year. For the next year, analysts expect that the firm will report earnings of $4.23 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Sanmina.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Sunday, November 7th. The electronics maker reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). Sanmina had a net margin of 3.98% and a return on equity of 13.04%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the business posted $1.04 EPS. Sanmina’s revenue for the quarter was down 12.1% compared to the same quarter last year.

Several equities research analysts recently commented on SANM shares. Zacks Investment Research cut Sanmina from a “hold” rating to a “strong sell” rating in a report on Friday, November 12th. Bank of America cut Sanmina from a “neutral” rating to an “underperform” rating and cut their price target for the company from $46.00 to $38.00 in a report on Tuesday, November 9th.

In other Sanmina news, SVP Brent Billinger sold 1,260 shares of the firm’s stock in a transaction on Monday, November 15th. The stock was sold at an average price of $40.61, for a total transaction of $51,168.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE grew its stake in shares of Sanmina by 70.2% in the second quarter. US Bancorp DE now owns 781 shares of the electronics maker’s stock valued at $30,000 after buying an additional 322 shares in the last quarter. CWM Advisors LLC grew its stake in shares of Sanmina by 3.1% in the second quarter. CWM Advisors LLC now owns 11,484 shares of the electronics maker’s stock valued at $447,000 after buying an additional 348 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Sanmina by 0.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 64,286 shares of the electronics maker’s stock valued at $2,478,000 after buying an additional 350 shares in the last quarter. Ensign Peak Advisors Inc grew its stake in shares of Sanmina by 0.8% in the second quarter. Ensign Peak Advisors Inc now owns 50,608 shares of the electronics maker’s stock valued at $1,972,000 after buying an additional 400 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Sanmina by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 52,988 shares of the electronics maker’s stock valued at $2,064,000 after buying an additional 454 shares in the last quarter. 95.82% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:SANM traded down $0.28 during midday trading on Thursday, hitting $38.98. The company had a trading volume of 173,474 shares, compared to its average volume of 326,742. Sanmina has a twelve month low of $30.59 and a twelve month high of $43.63. The company has a current ratio of 1.86, a quick ratio of 1.37 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2.51 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.86 and a beta of 1.08. The firm’s 50-day moving average is $39.49.

About Sanmina

Sanmina Corp. engages in the provision of integrated manufacturing solutions, components, products and repair, logistics and after-market services. It operates through the following segments: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The IMS segment consists of printed circuit board assembly and test, final system assembly and test and direct-order-fulfillment.

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