TTM Technologies (NASDAQ:TTMI) is scheduled to announce 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 participating in the company’s conference call can do so using this link.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.20 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $622.68 million. During the same period in the prior year, the company posted $0.48 earnings per share. TTM Technologies’s revenue was down 11.7% compared to the same quarter last year. On average, analysts expect TTM Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
TTMI stock opened at $12.84 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.71 and a current ratio of 1.91. The company’s 50-day simple moving average is $12.21 and its 200 day simple moving average is $11.00. TTM Technologies has a 52 week low of $8.49 and a 52 week high of $13.92. The company has a market capitalization of $1.31 billion, a PE ratio of 9.30 and a beta of 2.52.
Several research firms recently weighed in on TTMI. Zacks Investment Research cut shares of TTM Technologies from a “buy” rating to a “hold” rating and set a $14.00 price objective for the company. in a research report on Friday. BidaskClub raised shares of TTM Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 17th. B. Riley began coverage on shares of TTM Technologies in a research report on Thursday, September 5th. They set a “buy” rating and a $17.75 price objective for the company. 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 research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. cut shares of TTM Technologies from an “overweight” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. TTM Technologies presently has an average rating of “Buy” and an average target price of $14.69.
In related news, insider Anthony J. Princiotta sold 23,222 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $10.09, for a total transaction of $234,309.98. Following the completion of the sale, the insider now owns 51,408 shares of the company’s stock, valued at $518,706.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tai Keung Chung sold 29,839 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $10.58, for a total transaction of $315,696.62. Following the completion of the transaction, the executive vice president now directly owns 48,518 shares of the company’s stock, valued at approximately $513,320.44. The disclosure for this sale can be found here. Insiders have sold 74,939 shares of company stock valued at $784,007 in the last ninety days. 6.90% of the stock is currently owned by company insiders.
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.