TTM Technologies (TTMI) Scheduled to Post Quarterly Earnings on Wednesday

TTM Technologies (NASDAQ:TTMIGet Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. TTM Technologies has set its Q1 2022 guidance at $0.200-$0.260 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

TTM Technologies (NASDAQ:TTMIGet Rating) last announced its earnings results on Wednesday, February 9th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. TTM Technologies had a net margin of 2.42% and a return on equity of 6.01%. The company had revenue of $598.14 million for the quarter, compared to the consensus estimate of $552.03 million. During the same period in the previous year, the business earned $0.34 EPS. On average, analysts expect TTM Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ TTMI opened at $13.50 on Wednesday. TTM Technologies has a 1-year low of $9.76 and a 1-year high of $15.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.52 and a quick ratio of 2.29. The firm has a market capitalization of $1.37 billion, a P/E ratio of 27.00 and a beta of 1.65. The stock has a fifty day moving average of $13.56.

Several research firms have commented on TTMI. Zacks Investment Research downgraded shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 16th. TheStreet upgraded shares of TTM Technologies from a “c” rating to a “b-” rating in a report on Thursday, March 24th. Truist Financial cut shares of TTM Technologies from a “buy” rating to a “hold” rating and decreased their price target for the company from $16.00 to $14.00 in a report on Thursday, February 10th. Finally, StockNews.com cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.33.

A number of institutional investors and hedge funds have recently made changes to their positions in TTMI. Public Employees Retirement System of Ohio increased its holdings in shares of TTM Technologies by 7.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 12,751 shares of the technology company’s stock worth $190,000 after buying an additional 908 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of TTM Technologies by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 143,242 shares of the technology company’s stock worth $2,134,000 after buying an additional 2,050 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of TTM Technologies by 3.6% during the fourth quarter. Deutsche Bank AG now owns 65,296 shares of the technology company’s stock worth $973,000 after buying an additional 2,276 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of TTM Technologies by 11.6% during the fourth quarter. MetLife Investment Management LLC now owns 35,927 shares of the technology company’s stock worth $535,000 after buying an additional 3,741 shares in the last quarter. Finally, Credit Suisse AG increased its holdings in shares of TTM Technologies by 4.9% during the fourth quarter. Credit Suisse AG now owns 83,809 shares of the technology company’s stock worth $1,249,000 after buying an additional 3,943 shares in the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

About TTM Technologies (Get Rating)

TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.

See Also

Earnings History for TTM Technologies (NASDAQ:TTMI)

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