Wall Street analysts expect TTM Technologies, Inc. (NASDAQ:TTMI) to announce earnings of $0.44 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for TTM Technologies’ earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.43. TTM Technologies posted earnings per share of $0.32 in the same quarter last year, which would indicate a positive year-over-year growth rate of 37.5%. The company is scheduled to issue its next earnings report on Wednesday, November 7th.

On average, analysts expect that TTM Technologies will report full-year earnings of $1.83 per share for the current financial year, with EPS estimates ranging from $1.80 to $1.84. For the next fiscal year, analysts anticipate that the company will post earnings of $2.11 per share, with EPS estimates ranging from $2.02 to $2.30. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for TTM Technologies.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, August 1st. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. TTM Technologies had a return on equity of 15.85% and a net margin of 5.91%. The firm had revenue of $716.89 million for the quarter, compared to analysts’ expectations of $728.97 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year.

Several brokerages have recently issued reports on TTMI. BidaskClub cut TTM Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. ValuEngine raised TTM Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Needham & Company LLC lifted their target price on TTM Technologies from $20.00 to $23.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 2nd. Zacks Investment Research cut TTM Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Finally, Deutsche Bank started coverage on TTM Technologies in a research note on Thursday, June 14th. They set a “hold” rating and a $19.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. TTM Technologies has an average rating of “Hold” and an average price target of $20.40.

Shares of TTMI stock opened at $16.12 on Monday. TTM Technologies has a 12-month low of $13.72 and a 12-month high of $19.91. The company has a current ratio of 1.74, a quick ratio of 1.57 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.74 billion, a PE ratio of 15.50 and a beta of 1.88.

In related news, COO Brian W. Barber sold 1,315 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $19.24, for a total value of $25,300.60. Following the completion of the sale, the chief operating officer now owns 76,280 shares in the company, valued at $1,467,627.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Kent Hardwick sold 3,115 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $18.91, for a total value of $58,904.65. Following the completion of the sale, the insider now owns 44,997 shares of the company’s stock, valued at approximately $850,893.27. The disclosure for this sale can be found here. Insiders sold 27,775 shares of company stock valued at $525,426 in the last quarter. 10.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC purchased a new stake in TTM Technologies during the first quarter worth $140,000. Element Capital Management LLC purchased a new stake in TTM Technologies during the first quarter worth $209,000. Oppenheimer Asset Management Inc. purchased a new stake in TTM Technologies during the first quarter worth $235,000. Xact Kapitalforvaltning AB purchased a new stake in TTM Technologies during the first quarter worth $256,000. Finally, Profund Advisors LLC lifted its holdings in TTM Technologies by 32.3% during the first quarter. Profund Advisors LLC now owns 18,457 shares of the technology company’s stock worth $282,000 after buying an additional 4,501 shares during the period.

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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