Somewhat Favorable Press Coverage Somewhat Unlikely to Impact TTM Technologies (TTMI) Share Price
News stories about TTM Technologies (NASDAQ:TTMI) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TTM Technologies earned a news impact score of 0.11 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.3127513977635 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of TTM Technologies (NASDAQ:TTMI) opened at $16.33 on Friday. TTM Technologies has a 12-month low of $12.76 and a 12-month high of $19.54. The stock has a market cap of $1,774.64, a PE ratio of 13.83 and a beta of 1.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.21 and a current ratio of 1.65.
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 Thomson Reuters’ consensus estimate of $0.32. The firm had revenue of $666.81 million during the quarter, compared to analysts’ expectations of $651.67 million. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. TTM Technologies’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.39 earnings per share. analysts predict that TTM Technologies will post 1.08 EPS for the current year.
Several analysts have recently commented on TTMI shares. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price objective on the stock in a report on Thursday, August 24th. They noted that the move was a valuation call. Zacks Investment Research cut shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. J P Morgan Chase & Co set a $22.00 target price on shares of TTM Technologies and gave the company a “buy” rating in a research report on Wednesday, August 16th. ValuEngine cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub cut shares of TTM Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.50.
In related news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $14.70, for a total value of $44,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 9,000 shares of company stock valued at $139,320. 28.40% of the stock is currently owned by insiders.
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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