$724.37 Million in Sales Expected for TTM Technologies, Inc. (TTMI) This Quarter

Wall Street brokerages predict that TTM Technologies, Inc. (NASDAQ:TTMI) will post sales of $724.37 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for TTM Technologies’ earnings, with the highest sales estimate coming in at $725.00 million and the lowest estimate coming in at $723.51 million. TTM Technologies posted sales of $706.53 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, February 7th.

According to Zacks, analysts expect that TTM Technologies will report full-year sales of $724.37 million for the current year. For the next year, analysts expect that the firm will report sales of $2.79 billion per share, with estimates ranging from $2.75 billion to $2.84 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover TTM Technologies.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $666.81 million for the quarter, compared to the consensus estimate of $651.67 million. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share.

A number of equities research analysts recently commented on TTMI shares. Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $17.50 target price on shares of TTM Technologies in a research report on Wednesday, November 1st. SunTrust Banks started coverage on TTM Technologies in a research report on Thursday, December 14th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, BidaskClub downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $20.38.

In other news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $16.10, for a total value of $48,300.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 28.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in TTM Technologies by 9.6% in the second quarter. Vanguard Group Inc. now owns 12,967,044 shares of the technology company’s stock worth $225,108,000 after purchasing an additional 1,133,604 shares in the last quarter. FMR LLC grew its stake in TTM Technologies by 20.1% in the second quarter. FMR LLC now owns 3,389,523 shares of the technology company’s stock worth $58,842,000 after purchasing an additional 566,453 shares in the last quarter. Ameriprise Financial Inc. grew its stake in TTM Technologies by 9.1% in the third quarter. Ameriprise Financial Inc. now owns 2,689,654 shares of the technology company’s stock worth $41,339,000 after purchasing an additional 224,090 shares in the last quarter. Paradigm Capital Management Inc. NY grew its stake in TTM Technologies by 27.5% in the third quarter. Paradigm Capital Management Inc. NY now owns 2,342,229 shares of the technology company’s stock worth $36,000,000 after purchasing an additional 505,900 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in TTM Technologies by 7.4% in the third quarter. Macquarie Group Ltd. now owns 2,224,897 shares of the technology company’s stock worth $34,196,000 after purchasing an additional 152,760 shares in the last quarter.

Shares of TTM Technologies (NASDAQ:TTMI) opened at $16.90 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.21. The company has a market capitalization of $1,720.68, a PE ratio of 13.41 and a beta of 1.55. TTM Technologies has a 52-week low of $12.76 and a 52-week high of $19.54.

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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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