Analysts Anticipate TTM Technologies, Inc. (TTMI) Will Post Earnings of $0.47 Per Share

Equities research analysts predict that TTM Technologies, Inc. (NASDAQ:TTMI) will post earnings per share of $0.47 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for TTM Technologies’ earnings. TTM Technologies posted earnings of $0.57 per share in the same quarter last year, which would indicate a negative year over year growth rate of 17.5%. The firm is expected to report its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that TTM Technologies will report full year earnings of $1.71 per share for the current financial year, with EPS estimates ranging from $1.71 to $1.72. For the next year, analysts anticipate that the business will post earnings of $1.90 per share, with EPS estimates ranging from $1.81 to $1.98. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover TTM Technologies.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Tuesday, October 30th. The technology company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. TTM Technologies had a net margin of 5.92% and a return on equity of 15.55%. The business had revenue of $755.84 million for the quarter, compared to analyst estimates of $750.89 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year.

Several equities research analysts have recently weighed in on TTMI shares. Zacks Investment Research lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. BidaskClub lowered shares of TTM Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Needham & Company LLC increased their price objective on shares of TTM Technologies from $20.00 to $23.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 2nd. ValuEngine raised shares of TTM Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Macquarie started coverage on shares of TTM Technologies in a report on Monday, October 8th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.40.

Large investors have recently modified their holdings of the business. Glenmede Trust Co. NA grew its holdings in TTM Technologies by 19.2% during the 2nd quarter. Glenmede Trust Co. NA now owns 2,615,002 shares of the technology company’s stock worth $46,102,000 after acquiring an additional 420,617 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in TTM Technologies by 8.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 734,727 shares of the technology company’s stock worth $12,954,000 after acquiring an additional 55,691 shares during the last quarter. Swiss National Bank grew its holdings in TTM Technologies by 6.8% during the 2nd quarter. Swiss National Bank now owns 160,400 shares of the technology company’s stock worth $2,828,000 after acquiring an additional 10,200 shares during the last quarter. Voya Investment Management LLC grew its holdings in TTM Technologies by 578.1% during the 2nd quarter. Voya Investment Management LLC now owns 839,659 shares of the technology company’s stock worth $14,803,000 after acquiring an additional 715,833 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in TTM Technologies by 114.2% during the 2nd quarter. First Trust Advisors LP now owns 157,741 shares of the technology company’s stock worth $2,781,000 after acquiring an additional 84,109 shares during the last quarter.

Shares of TTMI traded down $0.41 during trading hours on Friday, hitting $12.03. The stock had a trading volume of 11,084 shares, compared to its average volume of 1,425,398. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.60 and a current ratio of 1.77. TTM Technologies has a 52 week low of $11.24 and a 52 week high of $19.91. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 11.62 and a beta of 2.25.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and 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.

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