Wall Street analysts forecast that TTM Technologies, Inc. (NASDAQ:TTMI) will post earnings of $0.17 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for TTM Technologies’ earnings. TTM Technologies posted earnings of $0.26 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 34.6%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, May 1st.
On average, analysts expect that TTM Technologies will report full-year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.63. For the next financial year, analysts forecast that the firm will post earnings of $1.83 per share, with EPS estimates ranging from $1.62 to $2.01. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, February 6th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $711.00 million during the quarter, compared to the consensus estimate of $710.84 million. TTM Technologies had a net margin of 6.10% and a return on equity of 15.10%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share.
Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. ValuEngine downgraded shares of TTM Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.67.
In related news, VP Tony Sanchez sold 2,323 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $12.03, for a total transaction of $27,945.69. Following the completion of the transaction, the vice president now owns 14,276 shares in the company, valued at approximately $171,740.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jon Pereira sold 2,195 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $12.03, for a total transaction of $26,405.85. Following the transaction, the insider now owns 18,643 shares of the company’s stock, valued at approximately $224,275.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,786 shares of company stock valued at $438,712. Insiders own 6.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its holdings in TTM Technologies by 32.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,027,396 shares of the technology company’s stock valued at $48,165,000 after acquiring an additional 747,297 shares during the last quarter. United Services Automobile Association raised its holdings in TTM Technologies by 2.8% in the 3rd quarter. United Services Automobile Association now owns 218,726 shares of the technology company’s stock valued at $3,480,000 after acquiring an additional 5,875 shares during the last quarter. Renaissance Technologies LLC raised its holdings in TTM Technologies by 7.4% in the 3rd quarter. Renaissance Technologies LLC now owns 315,506 shares of the technology company’s stock valued at $5,020,000 after acquiring an additional 21,637 shares during the last quarter. Man Group plc raised its holdings in TTM Technologies by 489.3% in the 3rd quarter. Man Group plc now owns 72,934 shares of the technology company’s stock valued at $1,161,000 after acquiring an additional 60,558 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in TTM Technologies in the 3rd quarter valued at about $371,000.
Shares of TTM Technologies stock opened at $13.01 on Friday. TTM Technologies has a fifty-two week low of $8.97 and a fifty-two week high of $19.91. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.79 and a quick ratio of 1.63. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 9.43 and a beta of 2.26.
About TTM Technologies
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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