$0.27 EPS Expected for TTM Technologies, Inc. (NASDAQ:TTMI) This Quarter

Equities analysts expect that TTM Technologies, Inc. (NASDAQ:TTMI) will announce earnings per share (EPS) of $0.27 for the current quarter, Zacks reports. Four analysts have issued estimates for TTM Technologies’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.28. TTM Technologies reported earnings per share of $0.52 in the same quarter last year, which would suggest a negative year-over-year growth rate of 48.1%. The business is expected to issue its next earnings report on Wednesday, February 5th.

On average, analysts expect that TTM Technologies will report full year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $1.01. For the next year, analysts forecast that the company will post earnings of $1.22 per share, with EPS estimates ranging from $1.16 to $1.25. Zacks’ EPS averages are an average based on a survey of analysts that cover TTM Technologies.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $716.80 million for the quarter, compared to the consensus estimate of $709.49 million. TTM Technologies had a net margin of 2.56% and a return on equity of 5.56%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share.

A number of equities analysts recently weighed in on TTMI shares. B. Riley began coverage on shares of TTM Technologies in a report on Thursday, September 5th. They issued a “buy” rating and a $17.75 price objective for the company. ValuEngine downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 12th. Zacks Investment Research lowered TTM Technologies from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Finally, BidaskClub raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.69.

Shares of NASDAQ:TTMI traded up $0.30 during trading on Friday, reaching $13.72. 120,608 shares of the stock traded hands, compared to its average volume of 641,676. The stock has a 50-day moving average of $12.76 and a two-hundred day moving average of $11.05. TTM Technologies has a 52-week low of $8.49 and a 52-week high of $13.92. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.73 and a current ratio of 1.92. The stock has a market cap of $1.41 billion, a P/E ratio of 9.96 and a beta of 2.56.

Several hedge funds and other institutional investors have recently made changes to their positions in TTMI. Metropolitan Life Insurance Co NY raised its holdings in shares of TTM Technologies by 6.3% during the third quarter. Metropolitan Life Insurance Co NY now owns 31,078 shares of the technology company’s stock valued at $379,000 after purchasing an additional 1,835 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in TTM Technologies by 14.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,446 shares of the technology company’s stock valued at $115,000 after buying an additional 1,224 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of TTM Technologies during the 3rd quarter valued at $403,000. California State Teachers Retirement System lifted its holdings in shares of TTM Technologies by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 154,362 shares of the technology company’s stock valued at $1,882,000 after buying an additional 1,844 shares during the period. Finally, Systematic Financial Management LP bought a new position in shares of TTM Technologies during the 3rd quarter valued at $557,000.

About TTM Technologies

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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