TT Electronics (LON:TTG) Posts Quarterly Earnings Results

TT Electronics (LON:TTG) released its quarterly earnings data on Wednesday. The company reported GBX 5.70 earnings per share (EPS) for the quarter, Digital Look Earnings reports. TT Electronics had a negative return on equity of 24.38% and a negative net margin of 7.80%.

Here are the key takeaways from TT Electronics’ conference call:

• Adjusted operating profit rose 37% to £18.5 million in the first half, while operating margin expanded 230 basis points to 8.1%, driven by the Cleveland turnaround, the return to profitability of Components, and cost actions.
• Commercial momentum strengthened, with a book-to-bill ratio of 112% and an order book of approximately £550 million, up 20% year over year. Management expects second-half organic revenue growth and now forecasts full-year adjusted operating profit ahead of current market expectations.
• The cost-reduction program is substantially complete, with £3 million of net savings expected in 2026 and more than £6 million of annualized benefits from 2027 onward. The group also expects stronger second-half cash generation and further deleveraging from leverage of 1.1 times.
• TT is evaluating potential offers for its Components division after receiving several indications of interest, but any divestment remains subject to valuation and there is no certainty a transaction will occur. The company also does not currently expect to reinstate its dividend for 2026.
• New and extended commercial awards—including a multi-decade Rolls-Royce agreement, further Eurofighter work, an MBDA letter of intent, and a multimillion-dollar subsea contract—support long-term revenue visibility across aerospace, defense, healthcare, and industrial markets.

TT Electronics Stock Performance

LON TTG opened at GBX 152.34 on Friday. The company has a fifty day moving average of GBX 127.24 and a two-hundred day moving average of GBX 121.05. The company has a market capitalization of £271.81 million, a PE ratio of -5.35, a P/E/G ratio of 0.60 and a beta of 0.83. TT Electronics has a 1 year low of GBX 93 and a 1 year high of GBX 155. The company has a debt-to-equity ratio of 65.61, a current ratio of 1.67 and a quick ratio of 0.93.

Wall Street Analysts Forecast Growth

TTG has been the subject of a number of research analyst reports. Berenberg Bank upped their price target on TT Electronics from GBX 150 to GBX 200 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group reissued a “hold” rating and set a GBX 110 price objective on shares of TT Electronics in a report on Wednesday. Finally, Royal Bank Of Canada raised their price objective on shares of TT Electronics from GBX 115 to GBX 160 and gave the stock a “sector perform” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 144.

Trending Headlines about TT Electronics

Here are the key news stories impacting TT Electronics this week:

• Positive Sentiment: TT Electronics returned to profit in the first half and raised its FY26 adjusted profit guidance to a level ahead of market expectations. The upgrade, driven by margin improvement, is the main catalyst supporting the recent share-price strength. TT Electronics Turns To Profit In H1, Lifts FY26 Adjusted Profit View
• Positive Sentiment: Berenberg raised its price target from GBX 150 to GBX 200 and upgraded the shares to “buy,” indicating significant potential upside if the company delivers on its recovery and profit-improvement plans.
• Positive Sentiment: An Investors’ Chronicle article focused on TT Electronics’ improving outlook and potential for further operational recovery, reinforcing the market’s more constructive view of the business. TT Electronics prepares for take-off
• Neutral Sentiment: Royal Bank of Canada raised its price target from GBX 115 to GBX 160 but retained a “sector perform” rating, reflecting improved valuation prospects without a strong conviction that TT Electronics will outperform its industry.
• Negative Sentiment: Jefferies reaffirmed its “hold” rating with a GBX 110 target, substantially below the recent trading level. The cautious stance suggests some analysts remain concerned about execution and the sustainability of the turnaround.
• Negative Sentiment: Despite the first-half improvement, reported figures still show a negative net margin and negative return on equity, highlighting continuing balance-sheet and profitability risks.

Insider Activity at TT Electronics

In other news, insider Phil Swash bought 100,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average price of GBX 119 per share, for a total transaction of £119,000. Company insiders own 8.80% of the company’s stock.

TT Electronics Company Profile

TT Electronics is a global provider of engineered electronics for performance critical applications.
TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, automation and electrification. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions.