Sanmina Co. (NASDAQ:SANM) to Post Q4 2024 Earnings of $1.54 Per Share, Sidoti Csr Forecasts

Sanmina Co. (NASDAQ:SANM) – Equities research analysts at Sidoti Csr boosted their Q4 2024 earnings per share estimates for Sanmina in a research report issued on Tuesday, April 30th. Sidoti Csr analyst A. Soderstrom now anticipates that the electronics maker will post earnings of $1.54 per share for the quarter, up from their prior forecast of $1.48. The consensus estimate for Sanmina’s current full-year earnings is $5.00 per share. Sidoti Csr also issued estimates for Sanmina’s Q1 2025 earnings at $1.44 EPS, Q2 2025 earnings at $1.48 EPS, Q3 2025 earnings at $1.59 EPS and FY2025 earnings at $6.15 EPS.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings data on Monday, April 29th. The electronics maker reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.21. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.88 billion. Sanmina had a return on equity of 11.98% and a net margin of 3.11%. The firm’s quarterly revenue was down 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share.

Other equities analysts have also issued reports about the company. Fox Advisors assumed coverage on Sanmina in a research note on Wednesday, March 6th. They issued an “overweight” rating and a $80.00 price target on the stock. Craig Hallum reissued a “hold” rating and issued a $62.00 price target on shares of Sanmina in a research note on Tuesday.

Sanmina Price Performance

Sanmina stock opened at $60.92 on Thursday. The stock’s 50 day moving average is $61.36 and its 200 day moving average is $55.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.00 and a quick ratio of 1.23. The firm has a market cap of $3.46 billion, a P/E ratio of 14.40, a P/E/G ratio of 0.90 and a beta of 1.01. Sanmina has a one year low of $43.40 and a one year high of $69.69.

Hedge Funds Weigh In On Sanmina

A number of institutional investors have recently modified their holdings of SANM. Principal Securities Inc. bought a new stake in Sanmina during the fourth quarter worth $64,000. Delta Asset Management LLC TN bought a new stake in Sanmina during the fourth quarter worth $85,000. Quest Partners LLC bought a new stake in Sanmina during the fourth quarter worth $126,000. Blue Trust Inc. grew its holdings in Sanmina by 21.2% during the fourth quarter. Blue Trust Inc. now owns 2,448 shares of the electronics maker’s stock worth $133,000 after buying an additional 428 shares in the last quarter. Finally, CI Investments Inc. grew its holdings in Sanmina by 3,686.4% during the third quarter. CI Investments Inc. now owns 3,067 shares of the electronics maker’s stock worth $166,000 after buying an additional 2,986 shares in the last quarter. 92.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Sanmina

In other news, Director Susan A. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $60.64, for a total transaction of $60,640.00. Following the transaction, the director now directly owns 7,811 shares of the company’s stock, valued at $473,659.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.09% of the company’s stock.

About Sanmina

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; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.