Sanmina's stock plunge knocks down shares of other EMS companies

Shares of electronics manufacturing services companies were broadly lower Monday, after Sanmina Corp. /zigman2/quotes/207312436/composite SANM -1.13% reported preliminary fourth-quarter earnings and provided an outlook that were below analyst expectations. Sanmina's stock plummeted 24% to top the Nasdaq's losers list, to trade at a three-month low. Among Sanmina's peers, shares of Flex Ltd. /zigman2/quotes/203929784/composite FLEX -3.41% shed 2.1%, Celestica Inc. /zigman2/quotes/208427519/composite CLS -1.85% slid 1.5%, Jabil Inc. /zigman2/quotes/203847835/composite JBL -1.93% dropped 4.2%, Benchmark Electronics Inc. /zigman2/quotes/201136259/composite BHE -2.49% fell 2.4% and TTM Technologies Inc. /zigman2/quotes/210395673/composite TTMI -0.84% gave up 1.8%. Sanmina had reported after Friday's close fourth-quarter adjusted EPS of 64 cents, which was below the FactSet consensus of 76 cents. For the first quarter, Sanmina expects EPS of 68 cents to 72 cents, below the FactSet consensus of 78 cents. Sanmina's stock has not shed 24% over the past 12 months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.72% has climbed 24%.

/zigman2/quotes/207312436/composite

Add to watchlist SANM

Sanmina Corp.

US : U.S.: Nasdaq

$ 34.26

-0.39 -1.13%

Volume: 252,886

Jan. 15, 2021 4:00p

P/E Ratio

17.21

Dividend Yield

N/A

Market Cap

$2.25 billion

Rev. per Employee

$188,118

/zigman2/quotes/203929784/composite

Add to watchlist FLEX

Flex Ltd.

US : U.S.: Nasdaq

$ 18.13

-0.64 -3.41%

Volume: 7.18M

Jan. 15, 2021 4:00p

P/E Ratio

28.28

Dividend Yield

N/A

Market Cap

$9.41 billion

Rev. per Employee

$151,312

/zigman2/quotes/208427519/composite

Add to watchlist CLS

Celestica Inc.

US : U.S.: NYSE

$ 8.47

-0.16 -1.85%

Volume: 284,605

Jan. 15, 2021 4:00p

P/E Ratio

32.68

Dividend Yield

N/A

Market Cap

$1.11 billion

Rev. per Employee

N/A

/zigman2/quotes/203847835/composite

Add to watchlist JBL

Jabil Inc.

US : U.S.: NYSE

$ 44.60

-0.88 -1.93%

Volume: 690,804

Jan. 15, 2021 4:00p

P/E Ratio

32.10

Dividend Yield

0.72%

Market Cap

$6.80 billion

Rev. per Employee

$113,610

/zigman2/quotes/201136259/composite

Add to watchlist BHE

Benchmark Electronics Inc.

US : U.S.: NYSE

$ 27.38

-0.70 -2.49%

Volume: 116,595

Jan. 15, 2021 4:00p

P/E Ratio

N/A

Dividend Yield

2.34%

Market Cap

$1.02 billion

Rev. per Employee

$213,971

/zigman2/quotes/210395673/composite

Add to watchlist TTMI

TTM Technologies Inc.

US : U.S.: Nasdaq

$ 14.10

-0.12 -0.84%

Volume: 1.17M

Jan. 15, 2021 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.52 billion

Rev. per Employee

$104,642

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

3,768.25

-27.29 -0.72%

Volume: 2.74B

Jan. 15, 2021 5:18p