Wall Street brokerages expect TTM Technologies, Inc. (NASDAQ:TTMI) to report earnings per share of $0.38 for the current quarter, according to Zacks. Four analysts have issued estimates for TTM Technologies’ earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.37. TTM Technologies reported earnings per share of $0.50 in the same quarter last year, which would suggest a negative year over year growth rate of 24%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, October 30th.
On average, analysts expect that TTM Technologies will report full year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.20. For the next financial year, analysts expect that the firm will report earnings of $1.48 per share, with EPS estimates ranging from $1.35 to $1.68. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. TTM Technologies had a return on equity of 6.56% and a net margin of 2.93%. The business had revenue of $633.04 million for the quarter, compared to analysts’ expectations of $622.68 million. During the same period in the previous year, the business posted $0.48 earnings per share. TTM Technologies’s quarterly revenue was down 11.7% on a year-over-year basis.
A number of brokerages have weighed in on TTMI. Zacks Investment Research upgraded TTM Technologies from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Saturday. JPMorgan Chase & Co. cut TTM Technologies from an “overweight” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research report on Monday, August 5th. Stifel Nicolaus upped their price target on TTM Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. B. Riley began coverage on TTM Technologies in a research report on Thursday, September 5th. They issued a “buy” rating and a $17.75 price target on the stock. Finally, ValuEngine upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.69.
NASDAQ:TTMI traded down $0.32 during trading hours on Monday, reaching $12.22. The company had a trading volume of 367,624 shares, compared to its average volume of 788,364. The stock has a 50-day moving average of $11.89 and a two-hundred day moving average of $11.00. TTM Technologies has a one year low of $8.49 and a one year high of $14.69. The firm has a market capitalization of $1.32 billion, a PE ratio of 8.86 and a beta of 2.52. The company has a quick ratio of 1.71, a current ratio of 1.91 and a debt-to-equity ratio of 1.21.
In other TTM Technologies news, insider Anthony J. Princiotta sold 23,222 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $10.09, for a total value of $234,309.98. Following the transaction, the insider now owns 51,408 shares of the company’s stock, valued at $518,706.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Daniel J. Weber sold 20,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $10.70, for a total value of $214,000.00. Following the completion of the transaction, the senior vice president now directly owns 57,734 shares in the company, valued at approximately $617,753.80. The disclosure for this sale can be found here. Insiders sold 74,939 shares of company stock worth $784,007 over the last quarter. Company insiders own 6.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in TTM Technologies in the second quarter worth $45,000. First Mercantile Trust Co. boosted its stake in TTM Technologies by 304.1% in the second quarter. First Mercantile Trust Co. now owns 8,809 shares of the technology company’s stock worth $90,000 after purchasing an additional 6,629 shares in the last quarter. Miles Capital Inc. acquired a new position in TTM Technologies in the second quarter worth $105,000. Neuburgh Advisers LLC boosted its stake in TTM Technologies by 30.7% in the second quarter. Neuburgh Advisers LLC now owns 11,568 shares of the technology company’s stock worth $118,000 after purchasing an additional 2,720 shares in the last quarter. Finally, Advisor Partners LLC acquired a new position in TTM Technologies in the third quarter worth $134,000.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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