TTM Technologies (TTMI) to Release Quarterly Earnings on Wednesday

TTM Technologies (NASDAQ:TTMI) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. TTM Technologies has set its Q3 2019 guidance at $0.35-0.41 EPS and its Q3 guidance at $0.35 to $0.41 EPS.Investors interested in registering for the company’s conference call can do so using this link.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. TTM Technologies had a net margin of 2.93% and a return on equity of 6.56%. The business had revenue of $633.04 million during the quarter, compared to analyst estimates of $622.68 million. During the same period in the prior year, the business earned $0.48 EPS. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, analysts expect TTM Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ TTMI opened at $12.58 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.71 and a debt-to-equity ratio of 1.21. TTM Technologies has a 12 month low of $8.49 and a 12 month high of $14.39. The firm has a market capitalization of $1.29 billion, a PE ratio of 9.12 and a beta of 2.52. The firm has a fifty day simple moving average of $12.03 and a two-hundred day simple moving average of $11.00.

Several research analysts have commented on TTMI shares. B. Riley started coverage on shares of TTM Technologies in a report on Thursday, September 5th. They issued a “buy” rating and a $17.75 price objective for the company. ValuEngine upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. BidaskClub upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 17th. Stifel Nicolaus upped their price objective on shares of TTM Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. lowered shares of TTM Technologies from an “overweight” rating to a “neutral” rating and set a $14.00 price objective for the company. in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $14.69.

In other news, EVP Tai Keung Chung sold 29,839 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $10.58, for a total value of $315,696.62. Following the sale, the executive vice president now directly owns 48,518 shares of the company’s stock, valued at approximately $513,320.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel J. Weber sold 20,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $10.70, for a total transaction of $214,000.00. Following the completion of the sale, the senior vice president now directly owns 57,734 shares in the company, valued at $617,753.80. The disclosure for this sale can be found here. Insiders sold a total of 74,939 shares of company stock worth $784,007 over the last ninety days. Insiders own 6.90% of the company’s stock.

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.

Further Reading: Bid-Ask Spread

Earnings History for TTM Technologies (NASDAQ:TTMI)

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