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.
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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