$0.22 EPS Expected for TTM Technologies, Inc. (TTMI) This Quarter
Wall Street analysts forecast that TTM Technologies, Inc. (NASDAQ:TTMI) will announce earnings per share of $0.22 for the current quarter, according to Zacks. Two analysts have provided estimates for TTM Technologies’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.21. TTM Technologies posted earnings per share of $0.36 in the same quarter last year, which would suggest a negative year-over-year growth rate of 38.9%. The firm is expected to announce its next earnings results on Wednesday, October 25th.
On average, analysts expect that TTM Technologies will report full-year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $1.06 to $1.13. For the next year, analysts anticipate that the business will report earnings of $1.32 per share, with EPS estimates ranging from $1.24 to $1.39. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $627.20 million for the quarter, compared to the consensus estimate of $625.43 million. TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share.
TTMI has been the subject of a number of analyst reports. BidaskClub raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. TheStreet raised shares of TTM Technologies from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Zacks Investment Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 10th. Needham & Company LLC lifted their target price on shares of TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $17.50 target price on shares of TTM Technologies in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $19.88.
Shares of TTM Technologies (TTMI) traded down 2.58% during trading on Tuesday, reaching $12.86. The company’s stock had a trading volume of 505,314 shares. The company has a market capitalization of $1.31 billion, a P/E ratio of 17.99 and a beta of 1.46. The company’s 50-day moving average is $17.11 and its 200-day moving average is $16.58. TTM Technologies has a 12 month low of $10.04 and a 12 month high of $19.54.
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In other news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $18.09, for a total value of $54,270.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel J. Weber sold 3,605 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $17.92, for a total transaction of $64,601.60. Following the completion of the transaction, the senior vice president now directly owns 48,270 shares of the company’s stock, valued at approximately $864,998.40. The disclosure for this sale can be found here. Insiders sold a total of 11,074 shares of company stock valued at $201,140 in the last three months. 28.40% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its position in shares of TTM Technologies by 3.5% in the fourth quarter. Teachers Advisors LLC now owns 1,335,990 shares of the technology company’s stock valued at $18,210,000 after buying an additional 45,019 shares during the period. Louisiana State Employees Retirement System raised its position in shares of TTM Technologies by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 34,400 shares of the technology company’s stock valued at $555,000 after buying an additional 500 shares during the period. State of Alaska Department of Revenue raised its position in shares of TTM Technologies by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 9,310 shares of the technology company’s stock valued at $150,000 after buying an additional 140 shares during the period. Navellier & Associates Inc raised its position in shares of TTM Technologies by 5.4% in the first quarter. Navellier & Associates Inc now owns 49,439 shares of the technology company’s stock valued at $797,000 after buying an additional 2,527 shares during the period. Finally, James Investment Research Inc. purchased a new position in shares of TTM Technologies during the first quarter valued at about $1,989,000. 95.16% of the stock is owned by institutional investors.
About TTM Technologies
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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