$0.51 Earnings Per Share Expected for TTM Technologies, Inc. (TTMI) This Quarter
Wall Street analysts predict that TTM Technologies, Inc. (NASDAQ:TTMI) will post earnings per share of $0.51 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for TTM Technologies’ earnings. The highest EPS estimate is $0.52 and the lowest is $0.51. TTM Technologies posted earnings of $0.58 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 12.1%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 14th.
On average, analysts expect that TTM Technologies will report full year earnings of $1.52 per share for the current financial year, with EPS estimates ranging from $1.51 to $1.52. For the next fiscal year, analysts expect that the business will report earnings of $1.74 per share, with EPS estimates ranging from $1.68 to $1.80. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. TTM Technologies had a net margin of 3.23% and a return on equity of 9.32%. The company had revenue of $666.81 million during the quarter, compared to analyst estimates of $651.67 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year.
Several brokerages have recently weighed in on TTMI. BidaskClub downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Zacks Investment Research downgraded shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. ValuEngine downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. SunTrust Banks initiated coverage on shares of TTM Technologies in a research report on Thursday, December 14th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Stifel Nicolaus restated a “buy” rating and issued a $17.50 price target on shares of TTM Technologies in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $20.38.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $16.10, for a total transaction of $48,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 9,000 shares of company stock worth $143,520. 28.40% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its stake in TTM Technologies by 71.5% during the second quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after buying an additional 2,860 shares in the last quarter. Pacad Investment Ltd. bought a new stake in TTM Technologies during the 2nd quarter worth about $133,000. Simplex Trading LLC bought a new stake in TTM Technologies during the 3rd quarter worth about $120,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of 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 acquiring an additional 5,056 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of TTM Technologies by 29.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock valued at $141,000 after acquiring an additional 1,852 shares during the last quarter.
Shares of TTM Technologies (NASDAQ:TTMI) traded down $0.05 during mid-day trading on Friday, hitting $15.64. 614,900 shares of the stock traded hands, compared to its average volume of 1,359,672. The stock has a market capitalization of $1,600.00, a P/E ratio of 26.07 and a beta of 1.55. The company has a quick ratio of 1.21, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. TTM Technologies has a fifty-two week low of $12.76 and a fifty-two week high of $19.54.
About TTM Technologies
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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