Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Sanmina Corporation (SANM) Stock Price
Headlines about Sanmina Corporation (NASDAQ:SANM) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sanmina Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the electronics maker an impact score of 45.855160726751 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Sanmina Corporation (SANM) Upgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- SBA Communications Corporation (SBAC) Shares Sold by Torray LLC (newstrendstoday.com)
- Association News – August 2017 (globalsmt.net)
- Duke Energy requests to raise rates, cancel nuclear project (vothemes.com)
Sanmina Corporation (NASDAQ SANM) opened at 36.50 on Wednesday. The company has a market cap of $2.75 billion, a PE ratio of 13.33 and a beta of 0.78. Sanmina Corporation has a one year low of $26.00 and a one year high of $42.95. The stock has a 50 day moving average price of $37.50 and a 200 day moving average price of $38.40.
Sanmina Corporation (NASDAQ:SANM) last issued its quarterly earnings results on Monday, July 24th. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by $0.01. Sanmina Corporation had a net margin of 3.15% and a return on equity of 12.35%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the business earned $0.63 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts anticipate that Sanmina Corporation will post $3.01 EPS for the current fiscal year.
A number of equities analysts have issued reports on SANM shares. ValuEngine upgraded Sanmina Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 27th. Bank of America Corporation reiterated a “buy” rating and set a $48.00 target price on shares of Sanmina Corporation in a report on Thursday, June 15th. Royal Bank Of Canada lowered their target price on Sanmina Corporation from $42.00 to $40.00 and set a “sector perform” rating for the company in a report on Tuesday, July 25th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 target price on shares of Sanmina Corporation in a report on Tuesday, July 25th. Finally, Zacks Investment Research cut Sanmina Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Sanmina Corporation currently has an average rating of “Buy” and an average target price of $42.80.
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In related news, VP Robert K. Eulau sold 10,000 shares of Sanmina Corporation stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $37.97, for a total transaction of $379,700.00. Following the completion of the transaction, the vice president now directly owns 210,000 shares of the company’s stock, valued at approximately $7,973,700. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 30,000 shares of company stock valued at $1,133,200. 4.96% of the stock is currently owned by corporate insiders.
About Sanmina Corporation
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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