TTM Technologies, Inc. (TTMI) to Release Quarterly Earnings on Wednesday
TTM Technologies, Inc. (NASDAQ:TTMI) will be issuing its quarterly earnings data after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.35 per share for the quarter. TTM Technologies has set its Q2 guidance at $0.31-$0.37 EPS.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13. The business had revenue of $625.20 million during the quarter, compared to analyst estimates of $615 million. TTM Technologies had a net margin of 2.92% and a return on equity of 18.17%. TTM Technologies’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. On average, analysts expect TTM Technologies to post $1.70 EPS for the current fiscal year and $1.82 EPS for the next fiscal year.
TTM Technologies, Inc. (NASDAQ:TTMI) opened at 19.37 on Wednesday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 27.21 and a beta of 1.47. The firm’s 50-day moving average is $18.05 and its 200-day moving average is $16.46. TTM Technologies, Inc. has a 52-week low of $8.19 and a 52-week high of $19.54.
A number of research analysts recently weighed in on the stock. BidaskClub raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday. Needham & Company LLC raised their target price on shares of TTM Technologies from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, June 9th. TheStreet raised shares of TTM Technologies from a “c” rating to a “b-” rating in a research report on Wednesday, May 3rd. Zacks Investment Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Finally, J P Morgan Chase & Co raised shares of TTM Technologies from a “neutral” rating to an “overweight” rating and set a $21.00 target price for the company in a research report on Tuesday, April 4th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $19.75.
In other news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $18.09, for a total value of $54,270.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel J. Weber sold 3,605 shares of TTM Technologies stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $17.92, for a total transaction of $64,601.60. Following the completion of the transaction, the senior vice president now directly owns 48,270 shares of the company’s stock, valued at approximately $864,998.40. The disclosure for this sale can be found here. In the last three months, insiders sold 14,074 shares of company stock valued at $249,890. Insiders own 28.40% of the company’s stock.
About TTM Technologies
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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