Wall Street brokerages forecast that TTM Technologies (NASDAQ:TTMI) will post earnings per share of $0.37 for the current quarter, Zacks reports. Three analysts have issued estimates for TTM Technologies’ earnings, with estimates ranging from $0.37 to $0.38. TTM Technologies posted earnings of $0.36 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.8%. The firm is expected to report its next quarterly earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that TTM Technologies will report full year earnings of $1.67 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.72. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.98 per share, with EPS estimates ranging from $1.85 to $2.17. Zacks’ earnings per share calculations are an 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, May 2nd. The technology company reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $663.58 million during the quarter, compared to the consensus estimate of $638.80 million. TTM Technologies had a net margin of 3.76% and a return on equity of 10.32%. TTM Technologies’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $0.37 EPS.
Several research analysts recently commented on TTMI shares. JPMorgan Chase reaffirmed an “overweight” rating and issued a $20.00 price objective (down from $22.00) on shares of TTM Technologies in a report on Thursday, February 8th. BidaskClub downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Needham & Company LLC cut their price target on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating for the company in a report on Thursday, February 8th. Zacks Investment Research raised shares of TTM Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus cut their price target on shares of TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $19.50.
TTM Technologies traded down $0.17, hitting $16.09, on Wednesday, according to Marketbeat.com. The company’s stock had a trading volume of 27,113 shares, compared to its average volume of 861,799. The company has a market cap of $1.68 billion, a PE ratio of 15.63 and a beta of 1.76. TTM Technologies has a 12 month low of $16.07 and a 12 month high of $16.46. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.93.
In other news, insider Jon Pereira sold 2,078 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $15.85, for a total transaction of $32,936.30. Following the sale, the insider now owns 34,336 shares in the company, valued at approximately $544,225.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William Kent Hardwick sold 2,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $15.66, for a total transaction of $31,320.00. Following the sale, the insider now owns 43,152 shares in the company, valued at approximately $675,760.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 141,288 shares of company stock valued at $2,274,950. Insiders own 10.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Profund Advisors LLC raised its position in shares of TTM Technologies by 32.3% during the 1st quarter. Profund Advisors LLC now owns 18,457 shares of the technology company’s stock valued at $282,000 after buying an additional 4,501 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of TTM Technologies by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 796,362 shares of the technology company’s stock valued at $12,177,000 after buying an additional 27,558 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of TTM Technologies during the 1st quarter valued at $307,000. Foresters Investment Management Company Inc. purchased a new stake in shares of TTM Technologies during the 1st quarter valued at $5,917,000. Finally, Schroder Investment Management Group raised its position in shares of TTM Technologies by 11.9% during the 1st quarter. Schroder Investment Management Group now owns 218,300 shares of the technology company’s stock valued at $3,338,000 after buying an additional 23,200 shares in the last quarter.
TTM Technologies Company Profile
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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