Sanmina (SANM) Earning Somewhat Positive Media Coverage, Study Finds

Media coverage about Sanmina (NASDAQ:SANM) has trended somewhat positive on Tuesday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sanmina earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the electronics maker an impact score of 46.7057589646688 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Several research firms recently commented on SANM. Citigroup raised their price objective on shares of Sanmina from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, April 24th. ValuEngine downgraded shares of Sanmina from a “hold” rating to a “sell” rating in a report on Friday, May 18th. BidaskClub downgraded shares of Sanmina from a “buy” rating to a “hold” rating in a report on Saturday, April 28th. Needham & Company LLC raised their price target on shares of Sanmina from $33.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, April 24th. Finally, Zacks Investment Research raised shares of Sanmina from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $35.25.

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Shares of Sanmina opened at $30.60 on Tuesday, reports. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 1.43 and a beta of 0.56. Sanmina has a one year low of $24.60 and a one year high of $42.95. The company has a quick ratio of 0.90, a current ratio of 1.55 and a debt-to-equity ratio of 0.27.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, April 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.64 billion. Sanmina had a negative net margin of 0.99% and a positive return on equity of 10.99%. Sanmina’s revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. equities analysts expect that Sanmina will post 1.76 earnings per share for the current fiscal year.

In related news, Director Wayne Shortridge sold 10,650 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $29.38, for a total value of $312,897.00. Following the completion of the transaction, the director now directly owns 68,685 shares of the company’s stock, valued at approximately $2,017,965.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.12% 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. The company offers product design and engineering solutions, including concept development, detailed design, prototyping, validation, preproduction, and manufacturing design release; manufacturing solutions of components, subassemblies, and complete systems; final system assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services.

Insider Buying and Selling by Quarter for Sanmina (NASDAQ:SANM)

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