Analysts expect TTM Technologies, Inc. (NASDAQ:TTMI) to announce earnings per share (EPS) of $0.44 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for TTM Technologies’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.45. TTM Technologies reported earnings of $0.32 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 37.5%. The business is scheduled to issue its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that TTM Technologies will report full-year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.80 to $1.84. For the next fiscal year, analysts forecast that the company will report earnings of $2.11 per share, with EPS estimates ranging from $2.02 to $2.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover TTM Technologies.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. TTM Technologies had a return on equity of 15.85% and a net margin of 5.91%. The business had revenue of $716.89 million during the quarter, compared to the consensus estimate of $728.97 million. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year.

Several research analysts have weighed in on TTMI shares. BidaskClub downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 28th. Stifel Nicolaus upped their price target on TTM Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 25th. ValuEngine upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Deutsche Bank started coverage on TTM Technologies in a research note on Thursday, June 14th. They issued a “hold” rating and a $19.00 price target for the company. Finally, Zacks Investment Research downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.40.

TTMI stock traded down $0.08 during midday trading on Friday, hitting $17.19. The company’s stock had a trading volume of 482,200 shares, compared to its average volume of 841,643. TTM Technologies has a 12 month low of $13.72 and a 12 month high of $19.91. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.74 and a quick ratio of 1.57. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 16.54 and a beta of 1.88.

In other news, COO Brian W. Barber sold 1,315 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $19.24, for a total transaction of $25,300.60. Following the sale, the chief operating officer now directly owns 76,280 shares of the company’s stock, valued at approximately $1,467,627.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tai Keung Chung sold 23,345 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $18.90, for a total value of $441,220.50. Following the sale, the executive vice president now directly owns 50,357 shares in the company, valued at $951,747.30. The disclosure for this sale can be found here. Insiders have sold a total of 29,292 shares of company stock worth $553,339 over the last ninety days. Insiders own 10.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Alps Advisors Inc. purchased a new stake in shares of TTM Technologies during the 1st quarter worth approximately $434,000. Bank of New York Mellon Corp raised its holdings in shares of TTM Technologies by 50.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,280,099 shares of the technology company’s stock worth $40,198,000 after acquiring an additional 760,892 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of TTM Technologies by 21.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 68,843 shares of the technology company’s stock worth $1,053,000 after acquiring an additional 12,085 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of TTM Technologies during the 1st quarter worth approximately $34,984,000. Finally, Smith Graham & Co. Investment Advisors LP purchased a new stake in shares of TTM Technologies during the 2nd quarter worth approximately $8,778,000.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

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