Brokerages expect that TTM Technologies, Inc. (NASDAQ:TTMI) will report earnings of $0.38 per share for the current quarter, according to Zacks. Three analysts have provided estimates for TTM Technologies’ earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.38. TTM Technologies reported earnings per share of $0.50 during the same quarter last year, which would suggest a negative year over year growth rate of 24%. The firm is scheduled to announce its next earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that TTM Technologies will report full-year earnings of $1.15 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.21. For the next year, analysts expect that the business will post earnings of $1.49 per share, with EPS estimates ranging from $1.35 to $1.68. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow TTM Technologies.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The business had revenue of $633.04 million during the quarter, compared to analysts’ expectations of $622.68 million. TTM Technologies had a return on equity of 6.56% and a net margin of 2.93%. The business’s revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS.

TTMI has been the subject of a number of research analyst reports. BidaskClub upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. Needham & Company LLC initiated coverage on TTM Technologies in a research note on Tuesday, May 7th. They issued a “hold” rating for the company. ValuEngine cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus raised their target price on TTM Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.50.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new position in shares of TTM Technologies in the 1st quarter valued at approximately $26,000. Versant Capital Management Inc increased its position in TTM Technologies by 566.3% during the 1st quarter. Versant Capital Management Inc now owns 2,885 shares of the technology company’s stock valued at $33,000 after buying an additional 2,452 shares in the last quarter. Resources Investment Advisors Inc. bought a new position in TTM Technologies during the 1st quarter valued at approximately $34,000. Acadian Asset Management LLC bought a new position in TTM Technologies during the 2nd quarter valued at approximately $45,000. Finally, Mizuho Securities Co. Ltd. bought a new position in TTM Technologies during the 1st quarter valued at approximately $70,000.

Shares of TTMI traded up $0.09 on Tuesday, reaching $10.64. The stock had a trading volume of 703,000 shares, compared to its average volume of 1,065,796. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.71 and a beta of 2.52. The company has a quick ratio of 1.71, a current ratio of 1.91 and a debt-to-equity ratio of 1.21. The company’s 50-day moving average price is $10.11. TTM Technologies has a 12-month low of $8.49 and a 12-month high of $18.94.

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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