TTM Technologies (TTMI) Getting Somewhat Favorable News Coverage, Analysis Shows

Media stories about TTM Technologies (NASDAQ:TTMI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TTM Technologies earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.5874398052059 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

TTM Technologies (NASDAQ:TTMI) opened at $15.80 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.29 and a current ratio of 1.70. The stock has a market cap of $1,620.00, a price-to-earnings ratio of 15.49 and a beta of 1.70. TTM Technologies has a fifty-two week low of $12.76 and a fifty-two week high of $19.54.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The firm had revenue of $739.30 million for the quarter, compared to the consensus estimate of $724.65 million. TTM Technologies had a net margin of 4.67% and a return on equity of 13.26%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. sell-side analysts anticipate that TTM Technologies will post 1.04 earnings per share for the current fiscal year.

A number of brokerages have commented on TTMI. JPMorgan Chase & Co. restated an “overweight” rating and set a $20.00 price target (down previously from $22.00) on shares of TTM Technologies in a research note on Thursday, February 8th. BidaskClub lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Zacks Investment Research downgraded shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. SunTrust Banks assumed coverage on shares of TTM Technologies in a report on Thursday, December 14th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Needham & Company LLC cut their price objective on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four 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 $19.50.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction on Friday, December 15th. The shares were sold at an average price of $16.10, for a total transaction of $48,300.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 28.40% of the stock is owned by insiders.

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About TTM Technologies

TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.

Insider Buying and Selling by Quarter for TTM Technologies (NASDAQ:TTMI)

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