$639.54 Million in Sales Expected for TTM Technologies, Inc. (TTMI) This Quarter

Equities research analysts predict that TTM Technologies, Inc. (NASDAQ:TTMI) will announce $639.54 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for TTM Technologies’ earnings, with the lowest sales estimate coming in at $635.00 million and the highest estimate coming in at $648.61 million. TTM Technologies reported sales of $625.25 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.3%. The firm is expected to report its next quarterly earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that TTM Technologies will report full year sales of $639.54 million for the current financial year, with estimates ranging from $2.74 billion to $2.89 billion. For the next financial year, analysts expect that the company will post sales of $2.94 billion per share, with estimates ranging from $2.84 billion to $3.12 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover TTM Technologies.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $739.30 million for the quarter, compared to analyst estimates of $724.65 million. TTM Technologies had a net margin of 4.67% and a return on equity of 13.26%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share.

A number of research firms have recently weighed in on TTMI. Zacks Investment Research downgraded shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday. JPMorgan Chase & Co. reissued an “overweight” rating and set a $20.00 price target (down previously from $22.00) on shares of TTM Technologies in a research report on Thursday, February 8th. Stifel Nicolaus decreased their price target on shares of TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Needham & Company LLC decreased their price target on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating for the company in a research report on Thursday, February 8th. Finally, BidaskClub downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $19.50.

Shares of TTM Technologies (TTMI) opened at $15.56 on Thursday. The stock has a market cap of $1,559.81, a P/E ratio of 13.93 and a beta of 1.70. TTM Technologies has a 12 month low of $12.76 and a 12 month high of $19.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.29 and a current ratio of 1.70.

In other news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $16.10, for a total transaction of $48,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 28.40% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in TTM Technologies by 63.6% in the third quarter. Jane Street Group LLC now owns 31,453 shares of the technology company’s stock worth $483,000 after purchasing an additional 12,231 shares during the period. IndexIQ Advisors LLC boosted its holdings in TTM Technologies by 83.0% in the third quarter. IndexIQ Advisors LLC now owns 53,736 shares of the technology company’s stock worth $826,000 after purchasing an additional 24,375 shares during the period. KBC Group NV boosted its holdings in TTM Technologies by 61.7% in the third quarter. KBC Group NV now owns 125,196 shares of the technology company’s stock worth $1,924,000 after purchasing an additional 47,776 shares during the period. Alpha Windward LLC acquired a new position in TTM Technologies in the third quarter worth $547,000. Finally, Piedmont Investment Advisors LLC acquired a new position in TTM Technologies in the second quarter worth $321,000.

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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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