TT Electronics (LON:TTG) Releases Quarterly Earnings Results

TT Electronics (LON:TTG) released its quarterly earnings data on Wednesday. The company reported GBX 5.70 earnings per share for the quarter, Digital Look Earnings reports. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%.

Here are the key takeaways from TT Electronics’ conference call:

• Adjusted operating profit rose 37% to £18.5 million in the first half, while operating margin expanded 230 basis points to 8.1%, driven by the Cleveland turnaround, the return to profitability of Components, and cost actions.
• Commercial momentum strengthened, with a book-to-bill ratio of 112% and an order book of approximately £550 million, up 20% year over year. Management expects second-half organic revenue growth and now forecasts full-year adjusted operating profit ahead of current market expectations.
• The cost-reduction program is substantially complete, with £3 million of net savings expected in 2026 and more than £6 million of annualized benefits from 2027 onward. The group also expects stronger second-half cash generation and further deleveraging from leverage of 1.1 times.
• TT is evaluating potential offers for its Components division after receiving several indications of interest, but any divestment remains subject to valuation and there is no certainty a transaction will occur. The company also does not currently expect to reinstate its dividend for 2026.
• New and extended commercial awards—including a multi-decade Rolls-Royce agreement, further Eurofighter work, an MBDA letter of intent, and a multimillion-dollar subsea contract—support long-term revenue visibility across aerospace, defense, healthcare, and industrial markets.

TT Electronics Stock Up 0.4%

Shares of TTG opened at GBX 150 on Thursday. The firm has a market cap of £267.64 million, a P/E ratio of -5.26, a price-to-earnings-growth ratio of 0.60 and a beta of 0.83. The company has a debt-to-equity ratio of 70.10, a quick ratio of 0.93 and a current ratio of 1.71. TT Electronics has a 52 week low of GBX 93 and a 52 week high of GBX 155. The firm’s 50-day simple moving average is GBX 126.51 and its 200 day simple moving average is GBX 120.91.

Insider Activity

In other news, insider Phil Swash acquired 100,000 shares of TT Electronics stock in a transaction dated Tuesday, June 9th. The stock was bought at an average price of GBX 119 per share, for a total transaction of £119,000. 8.80% of the stock is currently owned by corporate insiders.

Key TT Electronics News

Here are the key news stories impacting TT Electronics this week:

• Positive Sentiment: TT Electronics reported a return to profit in the first half and raised its FY26 adjusted profit forecast to a level ahead of market expectations. The upgrade reflects improved operating margins and was reported as a key catalyst for the stock. TT Electronics Turns To Profit In H1, Lifts FY26 Adj. Profit View To Ahead Of Market; Stock Climbs
• Positive Sentiment: Management’s full-year profit outlook was raised following the first-half margin improvement, strengthening expectations for earnings recovery. TT Electronics Raises Full-Year Profit Outlook Following First-Half Margin Improvement
• Positive Sentiment: Berenberg upgraded its price target from GBX 150 to GBX 200 and assigned a “buy” rating, implying substantial upside based on the company’s improving earnings trajectory.
• Positive Sentiment: Royal Bank of Canada raised its price target from GBX 115 to GBX 160 while maintaining a “sector perform” rating, adding further support to the market’s reassessment of TT Electronics.
• Neutral Sentiment: Jefferies reaffirmed its “hold” rating with a GBX 110 price target, highlighting that analyst opinion remains mixed despite the improved outlook.
• Negative Sentiment: The reported quarter still showed financial weaknesses, including a negative net margin of 10.51% and negative return on equity of 31.21%. TT Electronics also has a negative reported price-to-earnings ratio, so investors may remain focused on whether the profit recovery can be sustained. TT Electronics Earnings Report

Analyst Ratings Changes

A number of equities analysts have weighed in on TTG shares. Jefferies Financial Group reissued a “hold” rating and set a GBX 110 price target on shares of TT Electronics in a research report on Wednesday. Berenberg Bank boosted their target price on TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a report on Wednesday. Finally, Royal Bank Of Canada increased their price target on TT Electronics from GBX 115 to GBX 160 and gave the company a “sector perform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, TT Electronics has a consensus rating of “Hold” and a consensus target price of GBX 144.

TT Electronics Company Profile

TT Electronics is a global provider of engineered electronics for performance critical applications.
TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.