Analysts expect that TTM Technologies, Inc. (NASDAQ:TTMI) will post $724.37 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for TTM Technologies’ earnings. The lowest sales estimate is $723.51 million and the highest is $725.00 million. TTM Technologies posted sales of $706.53 million in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 14th.
On average, analysts expect that TTM Technologies will report full year sales of $724.37 million for the current financial year. For the next fiscal year, analysts anticipate that the business will post sales of $2.79 billion per share, with estimates ranging from $2.75 billion to $2.84 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. The company had revenue of $666.81 million during the quarter, compared to the consensus estimate of $651.67 million. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. TTM Technologies’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share.
A number of analysts recently commented on TTMI shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $17.50 price target on shares of TTM Technologies in a research report on Wednesday, November 1st. BidaskClub downgraded TTM Technologies from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Zacks Investment Research raised TTM Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, SunTrust Banks started coverage on TTM Technologies in a research report on Thursday, December 14th. They issued a “buy” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. TTM Technologies has a consensus rating of “Buy” and a consensus target price of $20.38.
Shares of TTM Technologies (NASDAQ TTMI) traded up $0.59 on Thursday, hitting $17.39. The company had a trading volume of 1,160,000 shares, compared to its average volume of 965,374. The company has a quick ratio of 1.21, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1,770.00, a P/E ratio of 28.98 and a beta of 1.55. TTM Technologies has a one year low of $12.76 and a one year high of $19.54.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $16.10, for a total value of $48,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 9,000 shares of company stock valued at $143,520 over the last three months. Company insiders own 28.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC increased its position in TTM Technologies by 71.5% in the second quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after buying an additional 2,860 shares during the last quarter. Simplex Trading LLC purchased a new stake in TTM Technologies in the third quarter worth $120,000. Ladenburg Thalmann Financial Services Inc. increased its position in TTM Technologies by 169.0% in the third 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. Pacad Investment Ltd. purchased a new stake in TTM Technologies in the second quarter worth $133,000. Finally, Ameritas Investment Partners Inc. grew its position in shares of TTM Technologies by 29.6% in the second quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock valued at $141,000 after purchasing an additional 1,852 shares in the last quarter.
TTM Technologies Company Profile
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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