For its second fiscal quarter (ending March 31), Sanmina Corp (NASDAQ: SANM) has reported a -31% decline in E.P.S. from $1.37 a year ago to $0.94 in the current quarter. Relative to the consensus estimate of $1.69, this was a shortfall of $-0.75. For the latest four quarters through March 31, E.P.S. were $4.35 versus $5.26 for the same period a year ago — a decline of -17%.
Recent Price Action
On 4/29/24, Sanmina Corp (NASDAQ: SANM) stock increased 1.6%, closing at $64.00. Moreover, trading volume in this advance was unusually high at 162% of normal. Relative to the market the stock has been strong over the last nine months and has risen 10.7% during the last week.
Current PriceTarget Research Rating
With future capital returns 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Sanmina has a slightly positive Power Rating of 69 and a good Appreciation Score of 74, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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