$709.80 Million in Sales Expected for TTM Technologies, Inc. (TTMI) This Quarter

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Wall Street analysts predict that TTM Technologies, Inc. (NASDAQ:TTMI) will report $709.80 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for TTM Technologies’ earnings, with estimates ranging from $705.50 million to $713.90 million. TTM Technologies posted sales of $739.35 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 4%. The company is expected to announce its next earnings report after the market closes on Wednesday, February 6th.

On average, analysts expect that TTM Technologies will report full-year sales of $2.85 billion for the current year, with estimates ranging from $2.84 billion to $2.85 billion. For the next financial year, analysts forecast that the company will post sales of $2.85 billion, with estimates ranging from $2.80 billion to $2.90 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for TTM Technologies.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Tuesday, October 30th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $755.84 million during the quarter, compared to the consensus estimate of $750.89 million. TTM Technologies had a return on equity of 15.55% and a net margin of 5.92%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS.

A number of research firms have recently commented on TTMI. BidaskClub upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. ValuEngine downgraded TTM Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Cross Research downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, November 3rd. Finally, Macquarie began coverage on TTM Technologies in a research report on Monday, October 8th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.50.

In related news, Director Philip G. Franklin purchased 5,095 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were bought at an average price of $11.76 per share, for a total transaction of $59,917.20. Following the acquisition, the director now owns 79,656 shares of the company’s stock, valued at approximately $936,754.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philip G. Franklin purchased 4,905 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average price of $11.78 per share, for a total transaction of $57,780.90. Following the acquisition, the director now directly owns 84,561 shares in the company, valued at approximately $996,128.58. The disclosure for this purchase can be found here. Corporate insiders own 10.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in TTM Technologies by 50.1% in the second quarter. Bank of New York Mellon Corp now owns 2,280,099 shares of the technology company’s stock worth $40,198,000 after purchasing an additional 760,892 shares during the period. Voya Investment Management LLC increased its stake in TTM Technologies by 578.1% in the second quarter. Voya Investment Management LLC now owns 839,659 shares of the technology company’s stock worth $14,803,000 after purchasing an additional 715,833 shares during the period. Laurion Capital Management LP purchased a new stake in TTM Technologies in the third quarter worth $11,215,000. Rice Hall James & Associates LLC purchased a new stake in TTM Technologies in the third quarter worth $9,329,000. Finally, Marshall Wace LLP purchased a new stake in TTM Technologies in the third quarter worth $6,955,000.

Shares of NASDAQ TTMI traded up $0.20 during midday trading on Tuesday, reaching $10.83. 959,354 shares of the stock traded hands, compared to its average volume of 971,176. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.60 and a current ratio of 1.77. The company has a market capitalization of $1.12 billion, a P/E ratio of 10.41 and a beta of 2.22. TTM Technologies has a one year low of $8.97 and a one year high of $19.91.

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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