TTM Technologies Inc. (NASDAQ:TTMI) announced its quarterly earnings data on Wednesday. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.10. The firm had revenue of $601.80 million for the quarter, compared to the consensus estimate of $601.48 million. TTM Technologies’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period last year, the company posted $0.17 earnings per share. TTM Technologies updated its Q3 guidance to $0.29-0.35 EPS.
Several brokerages have weighed in on TTMI. JPMorgan Chase & Co. reissued a “buy” rating on shares of TTM Technologies in a report on Sunday, June 12th. Stifel Nicolaus reissued a “buy” rating on shares of TTM Technologies in a report on Saturday, May 14th. Zacks Investment Research lowered TTM Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of TTM Technologies in a report on Wednesday, May 18th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.60.
TTM Technologies (NASDAQ:TTMI) traded up 2.91% during trading on Wednesday, hitting $8.50. The stock had a trading volume of 503,035 shares. The company’s market cap is $851.40 million. The company has a 50-day moving average price of $7.80 and a 200-day moving average price of $6.82. TTM Technologies has a 52-week low of $4.67 and a 52-week high of $9.25.
TTM Technologies, Inc is a provider of printed circuit board (PCB) products and backplane assemblies, which serve as the foundation of electronic products. The Company operates a total of 13 facilities in the United States and the People’s Republic of China (China). It manages operations based on two geographic operating segments: Asia Pacific, which consists of five PCB fabrication plants, and North America, which consists of seven domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants, and one backplane assembly plant in Shanghai, China, which is managed in conjunction with its United States operations.
