Brokerages predict that TTM Technologies, Inc. (NASDAQ:TTMI) will post $0.47 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for TTM Technologies’ earnings. TTM Technologies posted earnings of $0.57 per share during the same quarter last year, which would indicate a negative year over year growth rate of 17.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 6th.
On average, analysts expect that TTM Technologies will report full-year earnings of $1.71 per share for the current financial year, with EPS estimates ranging from $1.71 to $1.72. For the next year, analysts forecast that the company will post earnings of $1.90 per share, with EPS estimates ranging from $1.81 to $1.98. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Tuesday, October 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $755.84 million during the quarter, compared to analysts’ expectations of $750.89 million. TTM Technologies had a return on equity of 15.55% and a net margin of 5.92%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS.
A number of brokerages recently issued reports on TTMI. Zacks Investment Research raised TTM Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine cut TTM Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Cross Research cut TTM Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Macquarie initiated coverage on TTM Technologies in a research report on Monday, October 8th. They set an “outperform” rating for the company. Finally, BidaskClub cut TTM Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TTM Technologies has a consensus rating of “Hold” and a consensus price target of $20.40.
A number of institutional investors have recently bought and sold shares of TTMI. O Shaughnessy Asset Management LLC boosted its holdings in TTM Technologies by 42.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 67,876 shares of the technology company’s stock valued at $1,078,000 after acquiring an additional 20,286 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in TTM Technologies in the third quarter valued at $583,000. WINTON GROUP Ltd acquired a new position in TTM Technologies in the third quarter valued at $5,197,000. Victory Capital Management Inc. boosted its holdings in TTM Technologies by 1.0% in the third quarter. Victory Capital Management Inc. now owns 2,567,082 shares of the technology company’s stock valued at $40,843,000 after acquiring an additional 24,490 shares during the last quarter. Finally, GWM Advisors LLC acquired a new position in TTM Technologies in the third quarter valued at $343,000.
Shares of NASDAQ TTMI opened at $12.61 on Friday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 12.13 and a beta of 2.25. The company has a quick ratio of 1.60, a current ratio of 1.77 and a debt-to-equity ratio of 1.29. TTM Technologies has a 52-week low of $11.24 and a 52-week high of $19.91.
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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