$0.51 Earnings Per Share Expected for TTM Technologies, Inc. (TTMI) This Quarter
Equities analysts expect TTM Technologies, Inc. (NASDAQ:TTMI) to post $0.51 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for TTM Technologies’ earnings, with estimates ranging from $0.51 to $0.52. TTM Technologies posted earnings per share of $0.58 during the same quarter last year, which suggests a negative year-over-year growth rate of 12.1%. The company 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 year, analysts forecast that the company will report earnings of $1.74 per share, with EPS estimates ranging from $1.68 to $1.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. The firm had revenue of $666.81 million during the quarter, compared to analyst estimates of $651.67 million. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share.
A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. SunTrust Banks initiated coverage on shares of TTM Technologies in a report on Thursday, December 14th. They issued a “buy” rating and a $20.00 price target on the stock. BidaskClub lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $17.50 price objective on shares of TTM Technologies in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.38.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $16.10, for a total value of $48,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 9,000 shares of company stock valued at $143,520. Insiders own 28.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its position in TTM Technologies by 71.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock valued at $119,000 after buying an additional 2,860 shares during the period. Simplex Trading LLC purchased a new position in TTM Technologies in the 3rd quarter valued at approximately $120,000. Ladenburg Thalmann Financial Services Inc. boosted its position 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 buying an additional 5,056 shares during the period. Pacad Investment Ltd. purchased a new position in TTM Technologies in the 2nd quarter valued at approximately $133,000. Finally, Ameritas Investment Partners Inc. boosted its position in 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 buying an additional 1,852 shares during the period.
Shares of TTM Technologies (NASDAQ:TTMI) traded down $0.05 during trading hours on Tuesday, hitting $16.59. The company’s stock had a trading volume of 643,257 shares, compared to its average volume of 1,010,000. TTM Technologies has a fifty-two week low of $12.76 and a fifty-two week high of $19.54. The stock has a market capitalization of $1,690.00, a price-to-earnings ratio of 27.65 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 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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