Media stories about Sanmina (NASDAQ:SANM) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sanmina earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the electronics maker an impact score of 44.7660725200909 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Sanmina (SANM) Raised to “Buy” at BidaskClub (americanbankingnews.com)
- Sanmina (SANM) Downgraded to “Hold” at ValuEngine (americanbankingnews.com)
- Sanmina Co. (SANM) Expected to Announce Earnings of $0.42 Per Share (americanbankingnews.com)
- Sanmina Co. (SANM) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Medical Device Outsourcing Market to Cross $85 Billion by 2023: P&S Market Research (econotimes.com)
A number of research analysts recently issued reports on the company. ValuEngine downgraded Sanmina from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub upgraded Sanmina from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. Zacks Investment Research downgraded Sanmina from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. TheStreet downgraded Sanmina from a “b” rating to a “c+” rating in a research note on Monday, January 22nd. Finally, Needham & Company LLC cut their price objective on Sanmina to $33.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $37.25.
Sanmina (NASDAQ:SANM) last announced its quarterly earnings data on Monday, January 29th. The electronics maker reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. Sanmina had a positive return on equity of 11.61% and a negative net margin of 0.88%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. research analysts predict that Sanmina will post 1.72 earnings per share for the current year.
In other Sanmina news, Director Joseph G. Licata, Jr. sold 18,444 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $27.49, for a total value of $507,025.56. Following the completion of the transaction, the director now directly owns 48,787 shares in the company, valued at approximately $1,341,154.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wayne Shortridge sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $27.01, for a total value of $135,050.00. The disclosure for this sale can be found here. Insiders own 5.12% of the company’s stock.
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Sanmina Company Profile
Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides its offerings primarily to original equipment manufacturers (OEMs) in various industries, including communications networks, storage, industrial, defense and aerospace, medical and energy.
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