TT Electronics (LON:TTG) Releases Earnings Results

TT Electronics (LON:TTG) released its earnings results 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 Price Performance

Shares of LON:TTG traded up GBX 1 during trading on Friday, hitting GBX 151.40. 417,218 shares of the stock were exchanged, compared to its average volume of 423,853. The company has a fifty day moving average price of GBX 127.24 and a two-hundred day moving average price of GBX 121.05. The company has a market cap of £270.13 million, a PE ratio of -5.31, a P/E/G ratio of 0.60 and a beta of 0.83. The company has a current ratio of 1.67, a quick ratio of 0.93 and a debt-to-equity ratio of 65.61. TT Electronics has a 12-month low of GBX 93 and a 12-month high of GBX 155.

Insiders Place Their Bets

In other news, insider Phil Swash acquired 100,000 shares of TT Electronics stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average cost of GBX 119 per share, with a total value of £119,000. 8.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of TT Electronics from GBX 115 to GBX 160 and gave the company a “sector perform” rating in a research note on Thursday. Berenberg Bank increased their price target on shares of TT Electronics from GBX 150 to GBX 200 and gave the stock a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 110 price objective on shares of TT Electronics in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 144.

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.