Wall Street analysts expect that TTM Technologies (NASDAQ:TTMI) will post $0.26 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for TTM Technologies’ earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.25. TTM Technologies reported earnings of $0.37 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 29.7%. The business is expected to report its next earnings report after the market closes on Wednesday, May 2nd.
According to Zacks, analysts expect that TTM Technologies will report full-year earnings of $1.64 per share for the current year, with EPS estimates ranging from $1.59 to $1.68. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.86 per share, with EPS estimates ranging from $1.80 to $1.92. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, February 7th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $739.30 million during the quarter, compared to the consensus estimate of $724.65 million. TTM Technologies had a net margin of 4.67% and a return on equity of 13.26%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share.
TTM Technologies stock traded down $0.26 during mid-day trading on Friday, reaching $15.16. The company’s stock had a trading volume of 451,898 shares, compared to its average volume of 499,340. The company has a market cap of $1,595.01, a P/E ratio of 14.58 and a beta of 1.73. TTM Technologies has a 12 month low of $12.76 and a 12 month high of $19.54. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.96.
In other TTM Technologies news, SVP Daniel J. Weber sold 8,630 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $15.89, for a total value of $137,130.70. Following the completion of the sale, the senior vice president now owns 30,642 shares in the company, valued at $486,901.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Tai Keung Chung sold 105,324 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $16.15, for a total transaction of $1,700,982.60. Following the completion of the sale, the executive vice president now owns 83,858 shares of the company’s stock, valued at approximately $1,354,306.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,288 shares of company stock valued at $2,274,950. Corporate insiders own 10.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of TTM Technologies by 169.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock worth $124,000 after buying an additional 5,056 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of TTM Technologies by 55.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,434 shares of the technology company’s stock worth $145,000 after buying an additional 3,357 shares during the last quarter. FDx Advisors Inc. acquired a new stake in shares of TTM Technologies during the 4th quarter worth about $160,000. Leucadia National Corp acquired a new stake in shares of TTM Technologies during the 4th quarter worth about $203,000. Finally, LPL Financial LLC acquired a new stake in shares of TTM Technologies during the 4th quarter worth about $208,000.
COPYRIGHT VIOLATION WARNING: “$0.26 EPS Expected for TTM Technologies (TTMI) This Quarter” was originally published by WKRB News and is the sole property of of WKRB News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.wkrb13.com/2018/04/21/0-26-eps-expected-for-ttm-technologies-ttmi-this-quarter.html.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments: PCB and electro-mechanical solutions (E-M Solutions). The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.