Wall Street brokerages expect that TTM Technologies, Inc. (NASDAQ:TTMI) will report earnings per share (EPS) of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for TTM Technologies’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.28. TTM Technologies posted earnings per share of $0.52 during the same quarter last year, which would indicate a negative year-over-year growth rate of 48.1%. The business is expected to announce its next earnings report on Wednesday, February 5th.
According to Zacks, analysts expect that TTM Technologies will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $1.01. For the next year, analysts forecast that the firm will report earnings of $1.22 per share, with EPS estimates ranging from $1.16 to $1.25. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.01). The company had revenue of $716.80 million for the quarter, compared to analysts’ expectations of $709.49 million. TTM Technologies had a net margin of 2.56% and a return on equity of 5.56%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 EPS.
Several research firms have issued reports on TTMI. B. Riley assumed coverage on TTM Technologies in a report on Thursday, September 5th. They set a “buy” rating and a $17.75 price target for the company. JPMorgan Chase & Co. downgraded TTM Technologies from an “overweight” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Monday, August 5th. Zacks Investment Research downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. BidaskClub raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th. Finally, ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $14.69.
A number of hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of TTM Technologies by 21.1% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,057 shares of the technology company’s stock valued at $143,000 after acquiring an additional 2,451 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of TTM Technologies during the 3rd quarter valued at approximately $276,000. Menta Capital LLC purchased a new stake in shares of TTM Technologies during the 2nd quarter valued at approximately $166,000. Systematic Financial Management LP acquired a new stake in TTM Technologies in the 3rd quarter valued at approximately $557,000. Finally, Skyline Asset Management LP acquired a new stake in TTM Technologies in the 3rd quarter valued at approximately $3,479,000.
Shares of TTMI opened at $13.41 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.92 and a quick ratio of 1.73. TTM Technologies has a one year low of $8.49 and a one year high of $13.92. The firm has a market capitalization of $1.41 billion, a P/E ratio of 9.72 and a beta of 2.56. The business has a fifty day moving average of $12.64 and a 200 day moving average of $11.00.
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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