Is it time to Buy before this week’s earning report Sanmina (NASDAQ:SANM)

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Earnings results for Sanmina (NASDAQ:SANM)

Sanmina Corporation is estimated to report earnings on 10/26/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.66. The reported EPS for the same quarter last year was $0.72.

Sanmina last announced its quarterly earnings results on July 29th, 2020. The electronics maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.62. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Its quarterly revenue was down 18.3% on a year-over-year basis. Sanmina has generated $3.06 earnings per share over the last year and currently has a price-to-earnings ratio of 17.5. Sanmina has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, October 26th, 2020 based off prior year’s report dates.

Analyst Opinion on Sanmina (NASDAQ:SANM)

3 Wall Street analysts have issued ratings and price targets for Sanmina in the last 12 months. Their average twelve-month price target is $34.33, predicting that the stock has a possible upside of 29.90%. The high price target for SANM is $40.00 and the low price target for SANM is $30.00. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Sanmina has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $34.33, Sanmina has a forecasted upside of 29.9% from its current price of $26.43. Sanmina has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Sanmina (NASDAQ:SANM)

Sanmina does not currently pay a dividend. Sanmina does not have a long track record of dividend growth.

Insiders buying/selling: Sanmina (NASDAQ:SANM)

In the past three months, Sanmina insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,374,014.00 in company stock. Only 3.73% of the stock of Sanmina is held by insiders. 92.76% of the stock of Sanmina is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Sanmina (NASDAQ:SANM

Earnings for Sanmina are expected to grow by 30.13% in the coming year, from $2.39 to $3.11 per share. The P/E ratio of Sanmina is 17.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.68. The P/E ratio of Sanmina is 17.50, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 66.06. Sanmina has a PEG Ratio of 0.72. PEG Ratios below 1 indicate that a company could be undervalued. Sanmina has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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