Sanmina (SANM) Given News Impact Score of 0.05

News coverage about Sanmina (NASDAQ:SANM) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sanmina earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the electronics maker an impact score of 45.7448899773135 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

SANM opened at $29.60 on Friday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.49 and a beta of 0.48. Sanmina has a 52 week low of $24.60 and a 52 week high of $39.40. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.01.

Sanmina (NASDAQ:SANM) last released its quarterly earnings data on Monday, July 30th. The electronics maker reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Sanmina had a positive return on equity of 10.28% and a negative net margin of 1.01%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. equities research analysts forecast that Sanmina will post 1.68 EPS for the current fiscal year.

Several research analysts have commented on the company. Zacks Investment Research upgraded Sanmina from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine downgraded Sanmina from a “hold” rating to a “sell” rating in a report on Friday, May 18th. Finally, Citigroup raised their price objective on Sanmina from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $35.75.

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.

Further Reading: Price to Earnings Ratio (PE) Basics

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

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