Sanmina (NASDAQ:SANM – Get Free Report) released its quarterly earnings results on Monday. The electronics maker reported $4.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $1.16, FiscalAI reports. Sanmina had a return on equity of 19.08% and a net margin of 2.41%. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Sanmina updated its Q1 2027 guidance to 3.500-3.850 EPS and its FY 2027 guidance to 15.500-17.500 EPS.
Sanmina Stock Up 11.1%
NASDAQ SANM traded up $14.96 during trading hours on Monday, reaching $149.64. 1,537,985 shares of the company traded hands, compared to its average volume of 875,211. Sanmina has a 12 month low of $118.10 and a 12 month high of $288.68. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $8.02 billion, a PE ratio of 26.77, a PEG ratio of 0.37 and a beta of 1.72. The company has a 50 day moving average of $193.26 and a two-hundred day moving average of $190.72.
Analysts Set New Price Targets
A number of research analysts have recently commented on SANM shares. Weiss Ratings cut shares of Sanmina from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. JPMorgan Chase & Co. lowered their price target on shares of Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Wall Street Zen raised shares of Sanmina from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 11th. Finally, Zacks Research lowered shares of Sanmina from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $198.33.
Read Our Latest Stock Report on Sanmina
About Sanmina
Sanmina Corporation is a provider of integrated manufacturing solutions for companies that develop complex electronic, optical, and electromechanical products. Its services span product design and engineering, supply-chain management, manufacturing, and logistics, as well as repair and other aftermarket support.
The company serves customers in markets that include communications networks, cloud and data-center infrastructure, medical and life sciences, automotive, industrial equipment, and aerospace and defense.
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