Equities research analysts forecast that TTM Technologies, Inc. (NASDAQ:TTMI) will post sales of $727.71 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for TTM Technologies’ earnings. The highest sales estimate is $731.53 million and the lowest is $725.00 million. TTM Technologies reported sales of $627.18 million in the same quarter last year, which indicates a positive year over year growth rate of 16%. The business 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 sales of $2.98 billion for the current financial year, with estimates ranging from $2.93 billion to $3.02 billion. For the next financial year, analysts anticipate that the business will post sales of $3.15 billion per share, with estimates ranging from $3.08 billion to $3.21 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, May 2nd. The technology company reported $0.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $663.58 million for the quarter, compared to the consensus estimate of $638.80 million. TTM Technologies had a return on equity of 10.32% and a net margin of 3.76%. TTM Technologies’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share.
Several equities analysts recently weighed in on TTMI shares. BidaskClub upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, March 20th. Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. Deutsche Bank started coverage on TTM Technologies in a research report on Thursday, June 14th. They set a “hold” rating and a $19.00 target price on the stock. Stifel Nicolaus lifted their target price on TTM Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 25th. Finally, ValuEngine downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. TTM Technologies currently has an average rating of “Buy” and an average target price of $19.80.
In other TTM Technologies news, COO Brian W. Barber sold 8,263 shares of the firm’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $19.00, for a total transaction of $156,997.00. Following the sale, the chief operating officer now directly owns 78,783 shares of the company’s stock, valued at $1,496,877. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 10,860 shares of company stock worth $203,814. Insiders own 10.10% of the company’s stock.
A number of large investors have recently bought and sold shares of TTMI. Nuveen Asset Management LLC bought a new stake in TTM Technologies during the first quarter valued at about $34,984,000. Glenmede Trust Co. NA bought a new stake in TTM Technologies during the fourth quarter valued at about $34,384,000. Wedge Capital Management L L P NC increased its holdings in shares of TTM Technologies by 2,970.4% in the first quarter. Wedge Capital Management L L P NC now owns 820,849 shares of the technology company’s stock worth $12,551,000 after purchasing an additional 794,115 shares during the last quarter. Tocqueville Asset Management L.P. increased its holdings in shares of TTM Technologies by 31.9% in the fourth quarter. Tocqueville Asset Management L.P. now owns 2,709,663 shares of the technology company’s stock worth $42,460,000 after purchasing an additional 655,015 shares during the last quarter. Finally, Shellback Capital LP bought a new stake in shares of TTM Technologies in the fourth quarter worth about $7,310,000.
NASDAQ TTMI traded up $0.15 on Friday, hitting $18.04. 396,900 shares of the company traded hands, compared to its average volume of 893,771. The company has a market capitalization of $1.82 billion, a PE ratio of 17.34 and a beta of 1.85. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.72 and a current ratio of 1.84. TTM Technologies has a 52-week low of $12.76 and a 52-week high of $19.62.
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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