Equities analysts forecast that TTM Technologies, Inc. (NASDAQ:TTMI) will report sales of $660.90 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for TTM Technologies’ earnings. The lowest sales estimate is $658.21 million and the highest is $665.00 million. TTM Technologies reported sales of $710.96 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 7%. The firm is expected to report its next quarterly earnings results on Wednesday, February 5th.
On average, analysts expect that TTM Technologies will report full-year sales of $2.63 billion for the current fiscal year, with estimates ranging from $2.63 billion to $2.64 billion. For the next financial year, analysts anticipate that the company will post sales of $2.72 billion, with estimates ranging from $2.69 billion to $2.76 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for TTM Technologies.
TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, October 30th. The technology company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $716.80 million during the quarter, compared to analysts’ expectations of $709.49 million. TTM Technologies had a return on equity of 5.56% and a net margin of 2.56%. TTM Technologies’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS.
TTMI has been the topic of a number of analyst reports. ValuEngine cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 12th. B. Riley initiated coverage on TTM Technologies in a research report on Thursday, September 5th. They issued a “buy” rating and a $17.75 price target for the company. BidaskClub upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 6th. Finally, Zacks Investment Research cut TTM Technologies from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $14.69.
TTMI traded up $0.30 on Friday, hitting $13.72. The company’s stock had a trading volume of 120,608 shares, compared to its average volume of 641,676. TTM Technologies has a 12 month low of $8.49 and a 12 month high of $13.92. The firm has a market cap of $1.41 billion, a P/E ratio of 9.96 and a beta of 2.56. The company has a quick ratio of 1.73, a current ratio of 1.92 and a debt-to-equity ratio of 1.19. The company’s 50 day simple moving average is $12.76 and its 200-day simple moving average is $11.05.
Several hedge funds have recently added to or reduced their stakes in the company. CWM Advisors LLC boosted its holdings in TTM Technologies by 30.4% in the 2nd quarter. CWM Advisors LLC now owns 17,290 shares of the technology company’s stock valued at $176,000 after purchasing an additional 4,030 shares during the period. Eqis Capital Management Inc. boosted its stake in TTM Technologies by 43.3% during the second quarter. Eqis Capital Management Inc. now owns 23,770 shares of the technology company’s stock valued at $242,000 after buying an additional 7,185 shares during the period. Arizona State Retirement System grew its position in TTM Technologies by 1.6% during the second quarter. Arizona State Retirement System now owns 145,597 shares of the technology company’s stock worth $1,485,000 after buying an additional 2,285 shares in the last quarter. Virginia Retirement Systems ET AL grew its position in TTM Technologies by 17.0% during the second quarter. Virginia Retirement Systems ET AL now owns 44,100 shares of the technology company’s stock worth $450,000 after buying an additional 6,400 shares in the last quarter. Finally, First Trust Advisors LP grew its position in TTM Technologies by 422.1% during the second quarter. First Trust Advisors LP now owns 206,084 shares of the technology company’s stock worth $2,102,000 after buying an additional 166,615 shares in the last quarter.
TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and 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.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.