Somewhat Favorable News Coverage Somewhat Unlikely to Affect Sanmina Corporation (SANM) Share Price
News coverage about Sanmina Corporation (NASDAQ:SANM) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sanmina Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the electronics maker an impact score of 46.0524253348874 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Sanmina : Appoints David Anderson As Executive Vice President and Chief Financial Officer (4-traders.com)
- Insider Selling: Sanmina Corporation (SANM) VP Sells 10,000 Shares of Stock (americanbankingnews.com)
- ETFs with exposure to Sanmina Corp. : August 15, 2017 (finance.yahoo.com)
- Fly Leasing appoints Julie Ruehl as CFO (poandpo.com)
- Newisys Wins Best of Show Innovation Award at the 2017 Flash Memory Summit (finance.yahoo.com)
Several research firms have commented on SANM. Zacks Investment Research cut Sanmina Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Sanmina Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada lowered their price target on Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating for the company in a report on Tuesday, July 25th. Bank of America Corporation restated a “buy” rating and issued a $48.00 price target on shares of Sanmina Corporation in a report on Thursday, June 15th. Finally, ValuEngine upgraded Sanmina Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Sanmina Corporation presently has an average rating of “Hold” and a consensus target price of $42.80.
Shares of Sanmina Corporation (NASDAQ:SANM) opened at 35.20 on Friday. The stock has a market cap of $2.65 billion, a PE ratio of 12.86 and a beta of 0.78. Sanmina Corporation has a one year low of $26.00 and a one year high of $42.95. The stock’s 50 day moving average price is $37.90 and its 200-day moving average price is $38.55.
Sanmina Corporation (NASDAQ:SANM) last announced its quarterly earnings data on Monday, July 24th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.01. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Sanmina Corporation had a return on equity of 12.35% and a net margin of 3.15%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. On average, equities analysts predict that Sanmina Corporation will post $3.01 earnings per share for the current fiscal year.
In related news, VP Robert K. Eulau sold 10,000 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $38.40, for a total value of $384,000.00. Following the completion of the sale, the vice president now directly owns 200,000 shares of the company’s stock, valued at approximately $7,680,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 30,000 shares of company stock valued at $1,133,200. Company insiders own 4.96% of the company’s stock.
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Sanmina Corporation 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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