TTM Technologies (TTMI) Earning Somewhat Positive Media Coverage, Accern Reports
News articles about TTM Technologies (NASDAQ:TTMI) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TTM Technologies earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.6194404737154 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
TTMI has been the subject of a number of analyst reports. Needham & Company LLC raised TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Monday, August 7th. Stifel Nicolaus cut TTM Technologies from a “buy” rating to a “hold” rating and upped their price target for the stock from $18.50 to $19.00 in a report on Friday, July 28th. Zacks Investment Research cut TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. BidaskClub cut TTM Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.13.
Shares of TTM Technologies (TTMI) traded up 5.41% during trading on Friday, hitting $15.59. The company’s stock had a trading volume of 1,781,450 shares. The stock has a market cap of $1.59 billion, a PE ratio of 21.80 and a beta of 1.50. TTM Technologies has a one year low of $10.77 and a one year high of $19.54. The company has a 50-day moving average price of $14.12 and a 200-day moving average price of $16.21.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). The firm had revenue of $627.20 million for the quarter, compared to analysts’ expectations of $625.43 million. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. TTM Technologies’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Equities analysts predict that TTM Technologies will post $1.53 EPS for the current fiscal year.
In related news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $18.43, for a total transaction of $55,290.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel J. Weber sold 3,605 shares of TTM Technologies stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $17.92, for a total value of $64,601.60. Following the transaction, the senior vice president now owns 48,270 shares of the company’s stock, valued at $864,998.40. The disclosure for this sale can be found here. Insiders have sold a total of 14,074 shares of company stock worth $233,840 in the last three months. Corporate insiders own 28.40% of the company’s stock.
TTM Technologies Company Profile
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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