Brokerages Expect TTM Technologies, Inc. (TTMI) Will Post Earnings of $0.26 Per Share

Equities research analysts expect that TTM Technologies, Inc. (NASDAQ:TTMI) will announce earnings per share of $0.26 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for TTM Technologies’ earnings. The highest EPS estimate is $0.26 and the lowest is $0.25. TTM Technologies posted earnings per share of $0.37 in the same quarter last year, which indicates a negative year over year growth rate of 29.7%. The business is scheduled to issue its next earnings results on Wednesday, May 2nd.

On average, analysts expect that TTM Technologies will report full-year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.68. For the next financial year, analysts forecast that the company will report earnings of $1.86 per share, with EPS estimates ranging from $1.80 to $1.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow TTM Technologies.

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TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. TTM Technologies had a net margin of 4.67% and a return on equity of 13.26%. The company had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $724.65 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis.

TTMI has been the subject of a number of recent analyst reports. SunTrust Banks assumed coverage on shares of TTM Technologies in a report on Thursday, December 14th. They issued a “buy” rating and a $20.00 price objective for the company. BidaskClub raised shares of TTM Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. Stifel Nicolaus cut their target price on shares of TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Zacks Investment Research raised shares of TTM Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $20.00 target price (down previously from $22.00) on shares of TTM Technologies in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. TTM Technologies currently has an average rating of “Buy” and a consensus price target of $19.50.

In other TTM Technologies news, VP Tony Sanchez sold 2,262 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $16.02, for a total value of $36,237.24. Following the transaction, the vice president now directly owns 24,391 shares in the company, valued at approximately $390,743.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel J. Weber sold 8,630 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $15.89, for a total transaction of $137,130.70. Following the completion of the transaction, the senior vice president now owns 30,642 shares in the company, valued at $486,901.38. The disclosure for this sale can be found here. Insiders have sold 141,288 shares of company stock valued at $2,274,950 in the last three months. Corporate insiders own 28.40% of the company’s stock.

Large investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. boosted its holdings in TTM Technologies by 169.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock valued at $124,000 after purchasing an additional 5,056 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of TTM Technologies by 55.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,434 shares of the technology company’s stock worth $145,000 after acquiring an additional 3,357 shares during the last quarter. FDx Advisors Inc. acquired a new position in shares of TTM Technologies in the 4th quarter worth approximately $160,000. Leucadia National Corp acquired a new position in shares of TTM Technologies in the 4th quarter worth approximately $203,000. Finally, LPL Financial LLC acquired a new position in shares of TTM Technologies in the 4th quarter worth approximately $208,000.

TTMI stock traded up $0.13 on Friday, reaching $16.97. 1,050,565 shares of the company’s stock were exchanged, compared to its average volume of 672,677. TTM Technologies has a one year low of $12.76 and a one year high of $19.54. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $1,736.78, a PE ratio of 15.43 and a beta of 1.65.

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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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