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Jan. 22, 2018, 9:50 a.m. EST

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

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By Tomi Kilgore

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
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
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/zigman2/quotes/203929784/composite
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
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/zigman2/quotes/208427519/composite
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
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/zigman2/quotes/203847835/composite
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
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/zigman2/quotes/201136259/composite
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
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/zigman2/quotes/210395673/composite
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
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/zigman2/quotes/210599714/realtime
US : S&P US
3,768.25
-27.29 -0.72%
Volume: 2.74B
Jan. 15, 2021 5:18p
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