TT Electronics (LON:TTG) Issues Earnings Results

TT Electronics (LON:TTG) released its quarterly earnings data on Wednesday. The company reported GBX 5.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. TT Electronics had a negative net margin of 10.51% and a negative return on equity of 31.21%.

Here are the key takeaways from TT Electronics’ conference call:

• Adjusted operating profit rose 37% to £18.5 million in the first half, while operating margin expanded 230 basis points to 8.1%, driven by the Cleveland turnaround, the return to profitability of Components, and cost actions.
• Commercial momentum strengthened, with a book-to-bill ratio of 112% and an order book of approximately £550 million, up 20% year over year. Management expects second-half organic revenue growth and now forecasts full-year adjusted operating profit ahead of current market expectations.
• The cost-reduction program is substantially complete, with £3 million of net savings expected in 2026 and more than £6 million of annualized benefits from 2027 onward. The group also expects stronger second-half cash generation and further deleveraging from leverage of 1.1 times.
• TT is evaluating potential offers for its Components division after receiving several indications of interest, but any divestment remains subject to valuation and there is no certainty a transaction will occur. The company also does not currently expect to reinstate its dividend for 2026.
• New and extended commercial awards—including a multi-decade Rolls-Royce agreement, further Eurofighter work, an MBDA letter of intent, and a multimillion-dollar subsea contract—support long-term revenue visibility across aerospace, defense, healthcare, and industrial markets.

TT Electronics Price Performance

Shares of LON TTG opened at GBX 151.77 on Wednesday. TT Electronics has a 52 week low of GBX 93 and a 52 week high of GBX 155. The company has a quick ratio of 0.93, a current ratio of 1.71 and a debt-to-equity ratio of 70.10. The firm has a market cap of £270.80 million, a P/E ratio of -5.33, a P/E/G ratio of 0.60 and a beta of 0.83. The business’s 50 day moving average price is GBX 125.83 and its 200 day moving average price is GBX 120.77.

Insider Activity at TT Electronics

In other TT Electronics news, insider Phil Swash acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average price of GBX 119 per share, for a total transaction of £119,000. 8.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TTG shares. Berenberg Bank increased their price target on TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 110 target price on shares of TT Electronics in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, TT Electronics currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 140.

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance critical applications.
TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.