TTM Technologies (TTMI) to Release Earnings on Wednesday

TTM Technologies (NASDAQ:TTMI) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect TTM Technologies to post earnings of $0.35 per share for the quarter. TTM Technologies has set its Q3 guidance at $0.37-0.43 EPS and its Q3 2024 guidance at 0.370-0.430 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. The company had revenue of $605.10 million for the quarter, compared to the consensus estimate of $582.70 million. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. TTM Technologies’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. On average, analysts expect TTM Technologies to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TTM Technologies Trading Up 0.9 %

TTMI opened at $19.78 on Tuesday. The stock’s fifty day moving average is $18.80 and its two-hundred day moving average is $18.57. The company has a market capitalization of $2.01 billion, a P/E ratio of -989.00 and a beta of 1.25. TTM Technologies has a 52 week low of $11.38 and a 52 week high of $22.70. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.60.

Wall Street Analyst Weigh In

Several research firms have commented on TTMI. Truist Financial restated a “buy” rating and set a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Needham & Company LLC raised their price objective on TTM Technologies from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus boosted their price objective on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, B. Riley increased their target price on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $24.31.

Insider Transactions at TTM Technologies

In other news, SVP Dale Martin Knecht sold 20,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $17.40, for a total value of $348,000.00. Following the sale, the senior vice president now owns 81,392 shares in the company, valued at $1,416,220.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Dale Martin Knecht sold 20,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $17.40, for a total value of $348,000.00. Following the sale, the senior vice president now owns 81,392 shares in the company, valued at $1,416,220.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Weber sold 13,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $18.50, for a total transaction of $240,500.00. Following the completion of the sale, the executive vice president now owns 107,488 shares in the company, valued at $1,988,528. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,000 shares of company stock worth $1,153,900 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.