TTM Technologies (TTMI) Set to Announce Earnings on Wednesday

TTM Technologies (NASDAQ:TTMI) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect TTM Technologies to post earnings of $0.27 per share for the quarter. TTM Technologies has set its Q1 guidance at $0.24-0.30 EPS and its Q1 2024 guidance at 0.240-0.300 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $569.04 million for the quarter, compared to analysts’ expectations of $572.03 million. TTM Technologies had a positive return on equity of 7.83% and a negative net margin of 0.84%. TTM Technologies’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.36 EPS. On average, analysts expect TTM Technologies to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TTM Technologies Stock Up 0.1 %

Shares of TTMI opened at $15.15 on Tuesday. The firm has a market cap of $1.54 billion, a P/E ratio of -84.17 and a beta of 1.39. TTM Technologies has a 1 year low of $11.13 and a 1 year high of $16.53. The stock has a 50 day simple moving average of $14.77 and a two-hundred day simple moving average of $14.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.03 and a quick ratio of 1.73.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of TTM Technologies in a report on Wednesday, January 31st.

Insider Activity at TTM Technologies

In related news, insider Tom Clapprood sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $16.48, for a total transaction of $57,680.00. Following the transaction, the insider now directly owns 52,264 shares in the company, valued at approximately $861,310.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.