Zacks: Analysts Anticipate TTM Technologies, Inc. (NASDAQ:TTMI) to Announce $0.18 Earnings Per Share

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Equities research analysts expect TTM Technologies, Inc. (NASDAQ:TTMI) to announce earnings per share of $0.18 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for TTM Technologies’ earnings. TTM Technologies posted earnings of $0.48 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 62.5%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, July 31st.

On average, analysts expect that TTM Technologies will report full-year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.16 to $1.34. For the next year, analysts anticipate that the company will report earnings of $1.59 per share, with EPS estimates ranging from $1.42 to $1.85. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for TTM Technologies.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. TTM Technologies had a return on equity of 13.44% and a net margin of 5.71%. The company had revenue of $620.20 million during the quarter, compared to analyst estimates of $628.46 million.

A number of analysts recently commented on TTMI shares. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Saturday, July 13th. TheStreet lowered WESCO International from a “b-” rating to a “c+” rating in a research note on Friday, May 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA-Tencor in a research note on Tuesday, May 7th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $23.00.

TTMI stock remained flat at $$9.48 on Monday. The company had a trading volume of 642,312 shares, compared to its average volume of 826,745. The stock has a 50-day simple moving average of $9.58. TTM Technologies has a 12 month low of $8.49 and a 12 month high of $19.91. The firm has a market capitalization of $999.76 million, a PE ratio of 6.87 and a beta of 2.53. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.92 and a quick ratio of 1.74.

Hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System grew its position in TTM Technologies by 26.6% in the fourth quarter. California Public Employees Retirement System now owns 246,921 shares of the technology company’s stock worth $2,403,000 after buying an additional 51,819 shares during the last quarter. New York State Common Retirement Fund grew its position in TTM Technologies by 24.7% in the fourth quarter. New York State Common Retirement Fund now owns 130,224 shares of the technology company’s stock worth $1,267,000 after buying an additional 25,824 shares during the last quarter. BlackRock Inc. grew its position in TTM Technologies by 3.2% in the fourth quarter. BlackRock Inc. now owns 13,802,498 shares of the technology company’s stock worth $134,298,000 after buying an additional 432,824 shares during the last quarter. Texas Permanent School Fund grew its position in TTM Technologies by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 60,382 shares of the technology company’s stock worth $588,000 after buying an additional 2,325 shares during the last quarter. Finally, Citigroup Inc. grew its position in TTM Technologies by 24.7% in the fourth quarter. Citigroup Inc. now owns 103,331 shares of the technology company’s stock worth $1,006,000 after buying an additional 20,474 shares during 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.

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