Zacks: Analysts Anticipate TTM Technologies, Inc. (NASDAQ:TTMI) to Post $0.24 EPS

Equities research analysts predict that TTM Technologies, Inc. (NASDAQ:TTMIGet Rating) will announce $0.24 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for TTM Technologies’ earnings. The lowest EPS estimate is $0.23 and the highest is $0.25. TTM Technologies reported earnings per share of $0.23 during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The firm is scheduled to report its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that TTM Technologies will report full-year earnings of $1.28 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.41. For the next financial year, analysts forecast that the business will post earnings of $1.41 per share, with EPS estimates ranging from $1.18 to $1.63. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for TTM Technologies.

TTM Technologies (NASDAQ:TTMIGet Rating) last released its quarterly earnings data on Wednesday, February 9th. The technology company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. TTM Technologies had a return on equity of 6.01% and a net margin of 2.42%. The company had revenue of $598.14 million for the quarter, compared to analyst estimates of $552.03 million. During the same period in the prior year, the company posted $0.34 EPS.

A number of research firms recently commented on TTMI. Zacks Investment Research lowered TTM Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 16th. StockNews.com lowered TTM Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Truist Financial lowered TTM Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $16.00 to $14.00 in a research report on Thursday, February 10th. Finally, TheStreet upgraded TTM Technologies from a “c” rating to a “b-” rating in a research report on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.33.

Shares of TTMI stock traded down $0.35 during trading hours on Tuesday, hitting $13.50. The company had a trading volume of 621,460 shares, compared to its average volume of 953,249. TTM Technologies has a 12 month low of $9.76 and a 12 month high of $15.89. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 27.00 and a beta of 1.65. The stock’s fifty day moving average is $13.56. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.52 and a quick ratio of 2.29.

A number of institutional investors have recently modified their holdings of TTMI. Royal Bank of Canada raised its stake in TTM Technologies by 365.7% during the 2nd quarter. Royal Bank of Canada now owns 9,169 shares of the technology company’s stock worth $131,000 after buying an additional 7,200 shares during the period. Morgan Stanley increased its holdings in TTM Technologies by 41.0% during the 2nd quarter. Morgan Stanley now owns 994,204 shares of the technology company’s stock worth $14,219,000 after purchasing an additional 289,089 shares in the last quarter. Amalgamated Bank increased its holdings in TTM Technologies by 2.7% during the 3rd quarter. Amalgamated Bank now owns 51,511 shares of the technology company’s stock worth $647,000 after purchasing an additional 1,348 shares in the last quarter. Nordea Investment Management AB increased its holdings in TTM Technologies by 102.6% during the 3rd quarter. Nordea Investment Management AB now owns 678,656 shares of the technology company’s stock worth $8,660,000 after purchasing an additional 343,605 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in TTM Technologies by 15.5% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 40,828 shares of the technology company’s stock worth $513,000 after purchasing an additional 5,489 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for TTM Technologies (NASDAQ:TTMI)

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