For its third fiscal quarter (ending June 30), Sanmina Corp (NASDAQ: SANM) has reported E.P.S. of $0.93 compared to $1.32 a year ago. E.P.S. were $3.96 for the latest four quarters through June 30 versus $5.29 for the same period a year ago.
Recent Price Action
On 7/29/24, Sanmina Corp (NASDAQ: SANM) stock rose modestly by 0.8%, closing at $74.96. Moreover, trading volume in this advance was above average at 140% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SANM is expected to continue to be an important Value Builder.
Sanmina has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Sanmina has a good Appreciation Score of 70 and a very high Power Rating of 92, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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