TTM Technologies, Inc. (TTMI) Expected to Post Earnings of $0.18 Per Share
Equities research analysts expect that TTM Technologies, Inc. (NASDAQ:TTMI) will announce earnings of $0.18 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for TTM Technologies’ earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.19. TTM Technologies posted earnings per share of $0.48 during the same quarter last year, which indicates a negative year over year growth rate of 62.5%. The firm is expected to issue its next quarterly earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that TTM Technologies will report full year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.34. For the next fiscal year, analysts expect that the business will post earnings of $1.73 per share, with EPS estimates ranging from $1.51 to $1.85. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for TTM Technologies.
Several analysts have recently weighed in on the stock. ValuEngine raised shares of TTM Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 24th. BidaskClub downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Needham & Company LLC assumed coverage on shares of TTM Technologies in a research note on Tuesday, May 7th. They set a “hold” rating for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. TTM Technologies presently has an average rating of “Hold” and an average price target of $20.67.
Hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its holdings in TTM Technologies by 339.1% in the first quarter. Rockefeller Capital Management L.P. now owns 2,121 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,638 shares during the last quarter. First Mercantile Trust Co. purchased a new position in TTM Technologies in the first quarter worth $26,000. Versant Capital Management Inc grew its holdings in TTM Technologies by 566.3% in the first quarter. Versant Capital Management Inc now owns 2,885 shares of the technology company’s stock worth $33,000 after purchasing an additional 2,452 shares during the last quarter. Resources Investment Advisors Inc. purchased a new position in TTM Technologies in the first quarter worth $34,000. Finally, Oregon Public Employees Retirement Fund purchased a new position in TTM Technologies in the fourth quarter worth $35,000.
Shares of TTM Technologies stock traded down $0.06 on Tuesday, hitting $10.94. 1,519,800 shares of the company traded hands, compared to its average volume of 1,019,164. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.74 and a current ratio of 1.92. TTM Technologies has a 52 week low of $8.97 and a 52 week high of $19.91. The company has a market capitalization of $1.20 billion, a PE ratio of 7.93 and a beta of 2.28.
TTM Technologies Company Profile
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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