Sanmina (NASDAQ:SANM) Releases Q1 Earnings Guidance

Sanmina (NASDAQ:SANM) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.30-$1.40 for the period, compared to the consensus estimate of $1.44. The company issued revenue guidance of $1.925-$2.025 billion, compared to the consensus revenue estimate of $2.00 billion.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Sanmina from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Sanmina Trading Up 2.0 %

Sanmina stock traded up $1.45 during mid-day trading on Monday, hitting $72.80. The company’s stock had a trading volume of 410,555 shares, compared to its average volume of 421,096. Sanmina has a 1 year low of $43.40 and a 1 year high of $76.84. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.98 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.60 and a beta of 0.89. The stock’s fifty day moving average is $67.64 and its two-hundred day moving average is $67.37.

Insider Transactions at Sanmina

In related news, CEO Jure Sola sold 82,328 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $69.67, for a total value of $5,735,791.76. Following the sale, the chief executive officer now directly owns 1,198,594 shares in the company, valued at approximately $83,506,043.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jure Sola sold 82,328 shares of Sanmina stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $69.67, for a total value of $5,735,791.76. Following the completion of the sale, the chief executive officer now owns 1,198,594 shares in the company, valued at approximately $83,506,043.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alan Mcwilliams Reid sold 8,500 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $68.85, for a total value of $585,225.00. Following the transaction, the executive vice president now owns 26,679 shares in the company, valued at $1,836,849.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,632 shares of company stock worth $6,644,760. 3.09% of the stock is currently owned by company insiders.

Sanmina Company Profile

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.