TTM Technologies (TTMI) Set to Announce Quarterly Earnings on Wednesday

TTM Technologies (NASDAQ:TTMI) is set to 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.Individual that wish to register for the company’s earnings conference call can do so using this link.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The business had revenue of $605.10 million during the quarter, compared to analyst estimates of $582.70 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year. 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 Down 1.7 %

NASDAQ TTMI opened at $18.92 on Wednesday. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 118.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.04 and a quick ratio of 1.74. TTM Technologies has a 12 month low of $11.14 and a 12 month high of $22.70. The company’s fifty day moving average price is $18.75 and its two-hundred day moving average price is $18.40.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, SVP Dale Martin Knecht sold 20,000 shares of the company’s 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 directly owns 81,392 shares of the company’s stock, valued at approximately $1,416,220.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Shawn A. Powers sold 7,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.50, for a total value of $143,500.00. Following the sale, the executive vice president now owns 101,741 shares of the company’s stock, valued at $2,085,690.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dale Martin Knecht sold 20,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $17.40, for a total transaction of $348,000.00. Following the transaction, the senior vice president now directly owns 81,392 shares of the company’s stock, valued at $1,416,220.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,000 shares of company stock valued at $1,153,900 over the last quarter. Insiders own 1.30% of the company’s stock.

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.