TT Electronics (LON:TTG) Releases Quarterly Earnings Results

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

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 Trading Up 2.1%

Shares of TT Electronics stock opened at GBX 153.60 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.93 and a debt-to-equity ratio of 65.61. The firm’s 50 day simple moving average is GBX 127.24 and its two-hundred day simple moving average is GBX 121.05. TT Electronics has a 12-month low of GBX 93 and a 12-month high of GBX 155. The firm has a market capitalization of £274.07 million, a price-to-earnings ratio of -5.39, a PEG ratio of 0.60 and a beta of 0.83.

Analyst Upgrades and Downgrades

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

Insider Transactions at TT Electronics

In other news, insider Phil Swash purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were bought 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.

About TT Electronics

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.