TTM Technologies (TTMI) Posts Earnings Results, Beats Estimates By $0.05 EPS

TTM Technologies (NASDAQ:TTMI) posted its quarterly earnings results on Tuesday. The technology company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.05, MarketWatch Earnings reports. The company had revenue of $755.84 million for the quarter, compared to the consensus estimate of $750.89 million. TTM Technologies had a return on equity of 15.85% and a net margin of 5.91%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 EPS. TTM Technologies updated its Q4 guidance to $0.44-0.50 EPS.

Shares of TTMI stock traded down $1.80 during trading hours on Wednesday, reaching $11.73. The company had a trading volume of 4,896,604 shares, compared to its average volume of 1,039,207. The company has a market cap of $1.38 billion, a P/E ratio of 11.27 and a beta of 1.92. TTM Technologies has a 1-year low of $12.99 and a 1-year high of $19.91. The company has a quick ratio of 1.57, a current ratio of 1.74 and a debt-to-equity ratio of 1.36.

A number of research analysts have recently weighed in on the company. BidaskClub downgraded TTM Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Cross Research downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised TTM Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Needham & Company LLC increased their price target on TTM Technologies from $20.00 to $23.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Three analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. TTM Technologies has an average rating of “Hold” and an average price target of $20.40.



In related news, EVP Tai Keung Chung sold 23,345 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $18.90, for a total transaction of $441,220.50. Following the sale, the executive vice president now owns 50,357 shares of the company’s stock, valued at approximately $951,747.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brian W. Barber sold 1,315 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $19.24, for a total value of $25,300.60. Following the sale, the chief operating officer now directly owns 76,280 shares in the company, valued at approximately $1,467,627.20. The disclosure for this sale can be found here. Insiders have sold a total of 27,775 shares of company stock worth $525,426 in the last ninety days. 10.10% 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.

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Earnings History for TTM Technologies (NASDAQ:TTMI)

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