TTM Technologies (TTMI) Scheduled to Post Quarterly Earnings on Wednesday

TTM Technologies (NASDAQ:TTMI - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce 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.Investors interested in listening to the company's conference call can do so using this link.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The business 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%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter 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 Stock Performance

TTMI traded down $0.18 during trading on Wednesday, reaching $18.74. 21,972 shares of the company were exchanged, compared to its average volume of 758,077. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.91 billion, a P/E ratio of 118.26 and a beta of 1.25. TTM Technologies has a 52 week low of $11.14 and a 52 week high of $22.70. The firm has a 50 day moving average of $18.76 and a 200 day moving average of $18.43.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Needham & Company LLC increased their price objective on TTM Technologies from $21.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. B. Riley raised their target price on TTM Technologies from $25.50 to $27.25 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, Truist Financial reissued a "buy" rating and issued a $24.00 price target (up previously from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $24.31.

Insider Activity at TTM Technologies

In other news, SVP Dale Martin Knecht sold 20,000 shares of the company's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $17.40, for a total value of $348,000.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Shawn A. Powers sold 7,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total transaction of $143,500.00. Following the completion of the sale, the executive vice president now directly owns 101,741 shares in the company, valued at approximately $2,085,690.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Dale Martin Knecht sold 20,000 shares of TTM Technologies stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.40, for a total transaction of $348,000.00. Following the completion of the transaction, the senior vice president now owns 81,392 shares in the company, valued at approximately $1,416,220.80. This trade represents 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 quarter. 1.30% of the stock is currently owned by company insiders.

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.