Sanmina (NASDAQ:SANM) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $0.73-0.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.77. The company issued revenue guidance of $1.9-2.0 billion, compared to the consensus revenue estimate of $2.00 billion.Sanmina also updated its Q4 2019 guidance to $0.73-0.83 EPS.
A number of equities research analysts have weighed in on the company. TheStreet downgraded UDR from a b rating to a c rating in a research report on Tuesday, April 30th. Zacks Investment Research downgraded H&E Equipment Services from a hold rating to a sell rating in a research report on Wednesday, July 17th. Finally, BidaskClub downgraded Westport Fuel Systems from a buy rating to a hold rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Sanmina presently has an average rating of Hold and an average price target of $33.67.
SANM traded up $0.12 during trading on Tuesday, reaching $33.00. The stock had a trading volume of 939,800 shares, compared to its average volume of 428,556. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.31. Sanmina has a 1-year low of $22.30 and a 1-year high of $34.71. The stock has a 50 day simple moving average of $30.20.
In other news, SVP Brent Billinger sold 2,762 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $31.44, for a total transaction of $86,837.28. Following the completion of the sale, the senior vice president now owns 22,377 shares in the company, valued at approximately $703,532.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alan Mcwilliams Reid sold 9,845 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $33.46, for a total value of $329,413.70. Following the sale, the executive vice president now owns 57,077 shares of the company’s stock, valued at approximately $1,909,796.42. The disclosure for this sale can be found here. Insiders have sold a total of 312,607 shares of company stock valued at $10,457,251 in the last quarter. Insiders own 5.55% of the company’s stock.
Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two segments, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, 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.
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