Wall Street analysts forecast that TTM Technologies, Inc. (NASDAQ:TTMI) will post sales of $708.83 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for TTM Technologies’ earnings. The lowest sales estimate is $706.73 million and the highest is $710.30 million. TTM Technologies posted sales of $755.84 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.2%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, October 30th.
On average, analysts expect that TTM Technologies will report full-year sales of $2.68 billion for the current financial year, with estimates ranging from $2.67 billion to $2.70 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.85 billion, with estimates ranging from $2.78 billion to $2.96 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, July 31st. The technology company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. The company had revenue of $633.04 million for the quarter, compared to analyst estimates of $622.68 million. TTM Technologies had a return on equity of 6.56% and a net margin of 2.93%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 earnings per share.
TTMI has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on TTM Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. B. Riley initiated coverage on TTM Technologies in a research note on Thursday, September 5th. They set a “buy” rating and a $17.75 target price on the stock. BidaskClub upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded TTM Technologies from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Saturday. Finally, ValuEngine upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.69.
In other TTM Technologies news, SVP Daniel J. Weber sold 20,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $10.70, for a total transaction of $214,000.00. Following the transaction, the senior vice president now owns 57,734 shares in the company, valued at approximately $617,753.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Tai Keung Chung sold 29,839 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $10.58, for a total value of $315,696.62. Following the transaction, the executive vice president now owns 48,518 shares in the company, valued at approximately $513,320.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,939 shares of company stock worth $784,007. Corporate insiders own 6.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new position in shares of TTM Technologies in the 2nd quarter valued at $45,000. First Mercantile Trust Co. increased its stake in shares of TTM Technologies by 304.1% in the 2nd quarter. First Mercantile Trust Co. now owns 8,809 shares of the technology company’s stock valued at $90,000 after purchasing an additional 6,629 shares during the last quarter. Miles Capital Inc. bought a new position in shares of TTM Technologies in the 2nd quarter valued at $105,000. Advisor Partners LLC bought a new position in shares of TTM Technologies in the 3rd quarter valued at $134,000. Finally, Neuburgh Advisers LLC increased its stake in shares of TTM Technologies by 30.7% in the 2nd quarter. Neuburgh Advisers LLC now owns 11,568 shares of the technology company’s stock valued at $118,000 after purchasing an additional 2,720 shares during the last quarter.
Shares of NASDAQ TTMI traded down $0.32 during trading hours on Wednesday, reaching $12.22. 367,624 shares of the stock were exchanged, compared to its average volume of 788,364. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.86 and a beta of 2.52. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.71 and a current ratio of 1.91. TTM Technologies has a 52 week low of $8.49 and a 52 week high of $14.69. The stock’s fifty day simple moving average is $11.89 and its 200 day simple moving average is $11.00.
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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