TTM Technologies (NASDAQ:TTMI) Posts Earnings Results, Beats Expectations By $0.05 EPS

TTM Technologies (NASDAQ:TTMI) announced its earnings results on Wednesday. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05, Zacks reports. TTM Technologies had a net margin of 2.90% and a return on equity of 8.67%.

TTM Technologies Stock Up 2.0 %

Shares of NASDAQ:TTMI traded up $0.48 during mid-day trading on Wednesday, hitting $24.78. 1,140,196 shares of the company traded hands, compared to its average volume of 628,135. TTM Technologies has a 12-month low of $13.43 and a 12-month high of $28.00. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average price of $25.03 and a two-hundred day moving average price of $21.77. The stock has a market cap of $2.53 billion, a P/E ratio of 37.55 and a beta of 1.19.

Insiders Place Their Bets

In other TTM Technologies news, EVP Shawn A. Powers sold 6,400 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $23.74, for a total value of $151,936.00. Following the completion of the transaction, the executive vice president now owns 95,341 shares of the company’s stock, valued at $2,263,395.34. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Douglas L. Soder sold 19,015 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $25.00, for a total value of $475,375.00. Following the completion of the sale, the executive vice president now directly owns 185,478 shares of the company’s stock, valued at approximately $4,636,950. This represents a 9.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,233 shares of company stock valued at $1,042,577 in the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and set a $30.00 target price on shares of TTM Technologies in a research note on Tuesday, January 14th.

TTM Technologies Company Profile

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.