TTM Technologies (TTMI) Posts Earnings Results, Beats Expectations By $0.05 EPS

TTM Technologies (NASDAQ:TTMI) released its earnings results on Wednesday. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05, Briefing.com reports. The company had revenue of $739.30 million during the quarter, compared to the consensus estimate of $724.65 million. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 earnings per share. TTM Technologies updated its Q1 guidance to $0.22 to $0.28 EPS.

TTM Technologies (NASDAQ TTMI) opened at $15.48 on Thursday. TTM Technologies has a 52 week low of $12.76 and a 52 week high of $19.54. The company has a quick ratio of 1.21, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1,584.25, a PE ratio of 22.76 and a beta of 1.70.

TTMI has been the subject of a number of recent research reports. Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $17.50 price objective on shares of TTM Technologies in a report on Wednesday, November 1st. BidaskClub downgraded TTM Technologies from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Needham & Company LLC dropped their price objective on TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating for the company in a report on Thursday. Finally, SunTrust Banks assumed coverage on TTM Technologies in a report on Thursday, December 14th. They issued a “buy” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. TTM Technologies presently has an average rating of “Buy” and a consensus price target of $20.00.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $16.10, for a total value of $48,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 28.40% of the stock is currently owned by insiders.

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TTM Technologies Company Profile

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.

Earnings History for TTM Technologies (NASDAQ:TTMI)

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