Equities analysts expect TTM Technologies, Inc. (NASDAQ:TTMI) to announce $0.51 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for TTM Technologies’ earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.51. TTM Technologies reported earnings per share of $0.58 in the same quarter last year, which indicates a negative year over year growth rate of 12.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that TTM Technologies will report full-year earnings of $1.52 per share for the current financial year, with EPS estimates ranging from $1.51 to $1.52. For the next fiscal year, analysts expect that the company will report earnings of $1.74 per share, with EPS estimates ranging from $1.68 to $1.80. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The firm had revenue of $666.81 million during the quarter, compared to analysts’ expectations of $651.67 million. During the same quarter last year, the business posted $0.39 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis.
TTMI has been the subject of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $17.50 price target on shares of TTM Technologies in a report on Wednesday, November 1st. BidaskClub cut TTM Technologies from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Zacks Investment Research upgraded TTM Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. Finally, SunTrust Banks initiated coverage on TTM Technologies in a report on Thursday, December 14th. They set a “buy” rating and a $20.00 price target for the company. Two analysts have rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $20.38.
TTM Technologies (TTMI) traded up $0.59 during midday trading on Tuesday, reaching $17.39. The company’s stock had a trading volume of 1,163,737 shares, compared to its average volume of 792,067. The stock has a market cap of $1,710.00, a PE ratio of 28.98 and a beta of 1.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.21. TTM Technologies has a fifty-two week low of $12.76 and a fifty-two week high of $19.54.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $16.10, for a total transaction of $48,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 9,000 shares of company stock valued at $143,520 in the last 90 days. 28.40% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its holdings in shares of TTM Technologies by 63.6% in the 3rd quarter. Jane Street Group LLC now owns 31,453 shares of the technology company’s stock worth $483,000 after purchasing an additional 12,231 shares during the period. USA Financial Portformulas Corp boosted its holdings in shares of TTM Technologies by 247.3% in the 2nd quarter. USA Financial Portformulas Corp now owns 59,809 shares of the technology company’s stock worth $1,038,000 after purchasing an additional 42,586 shares during the period. IndexIQ Advisors LLC boosted its holdings in shares of TTM Technologies by 83.0% in the 3rd quarter. IndexIQ Advisors LLC now owns 53,736 shares of the technology company’s stock worth $826,000 after purchasing an additional 24,375 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of TTM Technologies in the 2nd quarter worth approximately $321,000. Finally, Alpha Windward LLC purchased a new position in shares of TTM Technologies in the 3rd quarter worth approximately $547,000.
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About TTM Technologies
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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