TT Electronics (TTG) Announces Earnings Results, Beats Expectations By $1.40 EPS

TT Electronics (LON:TTG) announced its earnings results on Wednesday. The company reported GBX 6.90 ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 5.50 ($0.07) by GBX 1.40 ($0.02), Bloomberg Earnings reports. TT Electronics had a net margin of 2.17% and a return on equity of 3.34%.

Shares of TT Electronics traded up GBX 6 ($0.08), reaching GBX 265 ($3.43), during mid-day trading on Friday, according to The company had a trading volume of 298,140 shares, compared to its average volume of 142,856. TT Electronics has a fifty-two week low of GBX 170 ($2.20) and a fifty-two week high of GBX 245 ($3.17).

The business also recently declared a dividend, which will be paid on Thursday, October 18th. Shareholders of record on Thursday, October 4th will be issued a GBX 1.95 ($0.03) dividend. The ex-dividend date is Thursday, October 4th. This represents a dividend yield of 0.76%.

In related news, insider Neil A. P. Carson purchased 40,000 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were bought at an average price of GBX 258 ($3.34) per share, for a total transaction of £103,200 ($133,592.23).

TTG has been the topic of a number of research analyst reports. Berenberg Bank lifted their price target on shares of TT Electronics from GBX 290 ($3.75) to GBX 320 ($4.14) and gave the company a “buy” rating in a report on Thursday. Numis Securities reiterated a “buy” rating on shares of TT Electronics in a report on Wednesday. Peel Hunt reiterated a “buy” rating on shares of TT Electronics in a report on Wednesday. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 300 ($3.88) price target on shares of TT Electronics in a report on Wednesday. Six research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of GBX 284.67 ($3.69).

About TT Electronics

TT Electronics plc provides engineered electronics for performance critical applications worldwide. It operates in three divisions: Sensors and Specialist Components, Power Electronics, and Global Manufacturing Solutions. The Sensors and Specialist Components division designs and manufactures engineered parts, such as circuit protection, current sensing, signal conditioning, optoelectronics, and sensors for torque, position, pressure, flow and temperature.

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