Equities analysts forecast that TTM Technologies (NASDAQ:TTMI) will announce $0.26 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for TTM Technologies’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.26. TTM Technologies posted earnings per share of $0.37 in the same quarter last year, which indicates a negative year-over-year growth rate of 29.7%. The company is expected to announce its next earnings report on Wednesday, May 2nd.
On average, analysts expect that TTM Technologies will report full year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.59 to $1.68. For the next fiscal year, analysts expect that the firm will report earnings of $1.86 per share, with EPS estimates ranging from $1.80 to $1.92. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $739.30 million for the quarter, compared to analyst estimates of $724.65 million. TTM Technologies had a net margin of 4.67% and a return on equity of 13.26%. TTM Technologies’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share.
A number of brokerages have recently commented on TTMI. BidaskClub lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Thursday, March 29th. Zacks Investment Research lowered shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 14th. JPMorgan Chase reiterated an “overweight” rating and set a $20.00 price target (down previously from $22.00) on shares of TTM Technologies in a report on Thursday, February 8th. Stifel Nicolaus cut their price target on shares of TTM Technologies from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Needham & Company LLC cut their price target on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. TTM Technologies has an average rating of “Buy” and an average price target of $19.50.
In related news, VP Tony Sanchez sold 3,975 shares of TTM Technologies stock in a transaction on Monday, February 26th. The shares were sold at an average price of $16.09, for a total transaction of $63,957.75. Following the completion of the transaction, the vice president now owns 29,569 shares of the company’s stock, valued at $475,765.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Kent Hardwick sold 2,000 shares of TTM Technologies stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $15.66, for a total transaction of $31,320.00. Following the transaction, the insider now directly owns 43,152 shares of the company’s stock, valued at approximately $675,760.32. The disclosure for this sale can be found here. Insiders have sold 141,288 shares of company stock valued at $2,274,950 in the last three months. 28.40% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in TTM Technologies by 16.4% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 127,300 shares of the technology company’s stock worth $1,995,000 after buying an additional 17,900 shares during the last quarter. Sterling Capital Management LLC increased its stake in TTM Technologies by 43.9% in the fourth quarter. Sterling Capital Management LLC now owns 246,083 shares of the technology company’s stock valued at $3,856,000 after purchasing an additional 75,091 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in TTM Technologies in the fourth quarter valued at $681,000. Glenmede Trust Co. NA bought a new stake in TTM Technologies in the fourth quarter valued at $34,384,000. Finally, Vident Investment Advisory LLC increased its stake in TTM Technologies by 6.5% in the fourth quarter. Vident Investment Advisory LLC now owns 141,204 shares of the technology company’s stock valued at $2,213,000 after purchasing an additional 8,624 shares in the last quarter.
Shares of NASDAQ:TTMI opened at $14.89 on Wednesday. The firm has a market cap of $1,589.84, a PE ratio of 14.32 and a beta of 1.73. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.96. TTM Technologies has a 52 week low of $12.76 and a 52 week high of $19.54.
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About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments: PCB and electro-mechanical solutions (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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