Equities research analysts forecast that TTM Technologies, Inc. (NASDAQ:TTMI) will announce sales of $660.90 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for TTM Technologies’ earnings, with the highest sales estimate coming in at $665.00 million and the lowest estimate coming in at $658.21 million. TTM Technologies reported sales of $710.96 million during the same quarter last year, which would indicate a negative year over year growth rate of 7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 5th.
On average, analysts expect that TTM Technologies will report full-year sales of $2.63 billion for the current fiscal year, with estimates ranging from $2.63 billion to $2.64 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.72 billion, with estimates ranging from $2.69 billion to $2.76 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $709.49 million. TTM Technologies had a net margin of 2.56% and a return on equity of 5.56%. TTM Technologies’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share.
TTMI has been the topic of a number of recent research reports. Zacks Investment Research downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. BidaskClub upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, B. Riley started coverage on TTM Technologies in a report on Thursday, September 5th. They issued a “buy” rating and a $17.75 price target for the company. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $14.69.
Shares of TTMI stock traded up $0.30 on Friday, hitting $13.72. The company had a trading volume of 120,608 shares, compared to its average volume of 641,676. The firm has a market cap of $1.41 billion, a P/E ratio of 9.96 and a beta of 2.56. The company has a 50-day moving average price of $12.76 and a 200-day moving average price of $11.05. The company has a quick ratio of 1.73, a current ratio of 1.92 and a debt-to-equity ratio of 1.19. TTM Technologies has a twelve month low of $8.49 and a twelve month high of $13.92.
Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position in shares of TTM Technologies by 14.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,446 shares of the technology company’s stock worth $115,000 after purchasing an additional 1,224 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in TTM Technologies by 3.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 36,300 shares of the technology company’s stock worth $443,000 after buying an additional 1,300 shares in the last quarter. Metropolitan Life Insurance Co NY increased its stake in TTM Technologies by 6.3% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 31,078 shares of the technology company’s stock worth $379,000 after buying an additional 1,835 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of TTM Technologies by 1.2% during the third quarter. California State Teachers Retirement System now owns 154,362 shares of the technology company’s stock valued at $1,882,000 after acquiring an additional 1,844 shares during the last quarter. Finally, Mason Street Advisors LLC raised its holdings in shares of TTM Technologies by 6.3% during the third quarter. Mason Street Advisors LLC now owns 33,313 shares of the technology company’s stock valued at $406,000 after acquiring an additional 1,983 shares during 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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