FY2027 Earnings Estimate for TTMI Issued By B. Riley

TTM Technologies, Inc. (NASDAQ:TTMI) – Stock analysts at B. Riley issued their FY2027 EPS estimates for TTM Technologies in a report released on Wednesday, July 16th. B. Riley analyst M. Crawford anticipates that the technology company will earn $2.37 per share for the year. B. Riley currently has a “Buy” rating and a $50.00 target price on the stock. The consensus estimate for TTM Technologies’ current full-year earnings is $1.76 per share.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. TTM Technologies had a net margin of 3.09% and a return on equity of 10.75%. The company had revenue of $648.67 million during the quarter, compared to the consensus estimate of $621.44 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis.

Several other analysts have also recently issued reports on the stock. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 5th. Truist Financial increased their target price on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 target price (up from $33.00) on shares of TTM Technologies in a research note on Monday, June 16th. Finally, Needham & Company LLC increased their target price on shares of TTM Technologies from $35.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, June 20th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $45.25.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $45.03 on Monday. The stock has a market capitalization of $4.58 billion, a P/E ratio of 60.04 and a beta of 1.46. The company has a current ratio of 2.07, a quick ratio of 1.75 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $36.29 and its 200 day moving average is $27.65. TTM Technologies has a 12 month low of $15.77 and a 12 month high of $47.63.

TTM Technologies announced that its Board of Directors has authorized a stock repurchase program on Friday, May 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 3.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at TTM Technologies

In other news, EVP Daniel J. Weber sold 20,170 shares of TTM Technologies stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $29.51, for a total value of $595,216.70. Following the completion of the sale, the executive vice president directly owned 74,983 shares in the company, valued at $2,212,748.33. The trade was a 21.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Douglas L. Soder sold 24,972 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $30.00, for a total transaction of $749,160.00. Following the sale, the executive vice president owned 173,026 shares of the company’s stock, valued at $5,190,780. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,226 shares of company stock worth $3,504,492 over the last 90 days. 1.30% of the stock is currently owned by insiders.

Institutional Trading of TTM Technologies

Several large investors have recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in shares of TTM Technologies by 249.9% in the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock worth $43,000 after buying an additional 1,507 shares in the last quarter. USA Financial Formulas lifted its holdings in shares of TTM Technologies by 119.1% in the first quarter. USA Financial Formulas now owns 2,237 shares of the technology company’s stock worth $46,000 after buying an additional 1,216 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of TTM Technologies by 808.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company’s stock worth $79,000 after buying an additional 2,831 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of TTM Technologies by 30.6% in the second quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company’s stock worth $132,000 after buying an additional 760 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of TTM Technologies in the fourth quarter worth $89,000. 95.79% of the stock is currently owned by institutional investors.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.