TT Electronics (LON:TTG) Issues Earnings Results

TT Electronics (LON:TTG) posted its earnings results on Wednesday. The company reported GBX 5.70 EPS for the quarter, Digital Look Earnings reports. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%.

Here are the key takeaways from TT Electronics’ conference call:

• Adjusted operating profit rose 37% to £18.5 million in the first half, while operating margin expanded 230 basis points to 8.1%, driven by the Cleveland turnaround, the return to profitability of Components, and cost actions.
• Commercial momentum strengthened, with a book-to-bill ratio of 112% and an order book of approximately £550 million, up 20% year over year. Management expects second-half organic revenue growth and now forecasts full-year adjusted operating profit ahead of current market expectations.
• The cost-reduction program is substantially complete, with £3 million of net savings expected in 2026 and more than £6 million of annualized benefits from 2027 onward. The group also expects stronger second-half cash generation and further deleveraging from leverage of 1.1 times.
• TT is evaluating potential offers for its Components division after receiving several indications of interest, but any divestment remains subject to valuation and there is no certainty a transaction will occur. The company also does not currently expect to reinstate its dividend for 2026.
• New and extended commercial awards—including a multi-decade Rolls-Royce agreement, further Eurofighter work, an MBDA letter of intent, and a multimillion-dollar subsea contract—support long-term revenue visibility across aerospace, defense, healthcare, and industrial markets.

TT Electronics Price Performance

Shares of TTG traded up GBX 14.40 during trading hours on Wednesday, reaching GBX 149.40. The stock had a trading volume of 3,931,830 shares, compared to its average volume of 420,671. The company has a debt-to-equity ratio of 70.10, a quick ratio of 0.93 and a current ratio of 1.71. TT Electronics has a 12 month low of GBX 93 and a 12 month high of GBX 155. The company’s 50-day moving average is GBX 125.83 and its two-hundred day moving average is GBX 120.77. The stock has a market capitalization of £266.57 million, a PE ratio of -5.24, a PEG ratio of 0.60 and a beta of 0.83.

Wall Street Analyst Weigh In

TTG has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a GBX 110 target price on shares of TT Electronics in a report on Wednesday. Berenberg Bank lifted their price objective on TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 140.

Insiders Place Their Bets

In other news, insider Phil Swash bought 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were bought at an average cost of GBX 119 per share, for a total transaction of £119,000. Insiders own 8.80% of the company’s stock.

Key Stories Impacting TT Electronics

Here are the key news stories impacting TT Electronics this week:

• Positive Sentiment: TT Electronics said it returned to profit in the first half and raised its FY26 adjusted operating-profit forecast to a level ahead of market expectations. The update points to improving operational performance and stronger earnings momentum. TT Electronics Turns To Profit In H1, Lifts FY26 Adj. Profit View To Ahead Of Market
• Positive Sentiment: First-half margin improvement supported the higher full-year outlook, suggesting restructuring or efficiency measures may be beginning to deliver results. TT Electronics Raises Full-Year Profit Outlook Following First-Half Margin Improvement
• Positive Sentiment: Berenberg upgraded its price target from GBX 150 to GBX 200 and maintained a “buy” recommendation, providing a significant bullish valuation signal. Digital Look analyst update
• Positive Sentiment: An Investors’ Chronicle article titled “TT Electronics prepares for take-off” adds to the positive narrative around the company’s recovery and growth prospects. TT Electronics prepares for take-off
• Neutral Sentiment: Jefferies reaffirmed its “hold” rating with a GBX 110 price target, illustrating that analysts remain divided on how much of the recovery is already reflected in the valuation. Digital Look analyst update
• Negative Sentiment: Reported quarterly EPS was GBX 5.70, but TT Electronics continues to show a negative net margin and negative return on equity in the available financial data. Investors may therefore view the turnaround as promising but still in an early stage. TT Electronics earnings report

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance critical applications.
TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.