Zacks: Analysts Anticipate TTM Technologies (TTMI) Will Announce Quarterly Sales of $639.54 Million

Wall Street analysts expect TTM Technologies (NASDAQ:TTMI) to announce sales of $639.54 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for TTM Technologies’ earnings, with the lowest sales estimate coming in at $635.00 million and the highest estimate coming in at $648.61 million. TTM Technologies reported sales of $625.25 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.3%. The company is expected to report its next quarterly earnings results on Wednesday, May 2nd.

On average, analysts expect that TTM Technologies will report full-year sales of $2.80 billion for the current financial year, with estimates ranging from $2.74 billion to $2.89 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.94 billion per share, with estimates ranging from $2.84 billion to $3.12 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow TTM Technologies.

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TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. TTM Technologies had a net margin of 4.67% and a return on equity of 13.26%. The business had revenue of $739.30 million during the quarter, compared to analyst estimates of $724.65 million. During the same quarter last year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year.



Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of TTM Technologies from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. JPMorgan Chase reiterated an “overweight” rating and issued a $20.00 price target (down previously from $22.00) on shares of TTM Technologies in a research note on Thursday, February 8th. Stifel Nicolaus decreased their price target on shares of TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Needham & Company LLC decreased their price target on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating for the company in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.50.

Shares of NASDAQ TTMI traded down $0.01 during midday trading on Friday, hitting $15.50. The company’s stock had a trading volume of 547,320 shares, compared to its average volume of 827,281. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.29 and a current ratio of 1.70. TTM Technologies has a 1 year low of $12.76 and a 1 year high of $19.54. The firm has a market cap of $1,597.08, a price-to-earnings ratio of 14.90 and a beta of 1.73.

In related news, insider William Kent Hardwick sold 2,000 shares of TTM Technologies stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $15.66, for a total value of $31,320.00. Following the completion of the transaction, the insider now owns 43,152 shares in the company, valued at $675,760.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Daniel J. Weber sold 8,630 shares of TTM Technologies stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $15.89, for a total transaction of $137,130.70. Following the completion of the transaction, the senior vice president now owns 30,642 shares of the company’s stock, valued at approximately $486,901.38. The disclosure for this sale can be found here. Insiders sold 141,288 shares of company stock valued at $2,274,950 in the last quarter. 10.10% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its stake in TTM Technologies by 63.6% in the third quarter. Jane Street Group LLC now owns 31,453 shares of the technology company’s stock worth $483,000 after acquiring an additional 12,231 shares during the last quarter. KBC Group NV lifted its position in shares of TTM Technologies by 61.7% during the 3rd quarter. KBC Group NV now owns 125,196 shares of the technology company’s stock worth $1,924,000 after buying an additional 47,776 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of TTM Technologies by 29.2% during the 3rd quarter. Nationwide Fund Advisors now owns 89,042 shares of the technology company’s stock worth $1,369,000 after buying an additional 20,126 shares during the last quarter. Stifel Financial Corp lifted its position in shares of TTM Technologies by 24.3% during the 3rd quarter. Stifel Financial Corp now owns 807,383 shares of the technology company’s stock worth $12,447,000 after buying an additional 157,832 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of TTM Technologies during the 3rd quarter worth approximately $670,000.

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TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments: PCB and electro-mechanical solutions (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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