News headlines about TTM Technologies (NASDAQ:TTMI) have been trending somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TTM Technologies earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 47.2201973552796 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- TTM Technologies’ (TTMI) CEO Thomas Edman on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- TTM Technologies, Inc. to Host Earnings Call (finance.yahoo.com)
- TTM Technologies, Inc. (TTMI) Issues Earnings Results (americanbankingnews.com)
- TTM Technologies, Inc. (TTMI) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- TTM Technologies, Inc. (TTMI) Issues Q4 Earnings Guidance (americanbankingnews.com)
Shares of TTM Technologies (NASDAQ:TTMI) traded up $0.82 during midday trading on Friday, reaching $16.62. The company’s stock had a trading volume of 1,168,358 shares, compared to its average volume of 1,010,000. The company has a current ratio of 1.65, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02. The company has a market cap of $1.69 billion, a P/E ratio of 13.56 and a beta of 1.55. TTM Technologies has a 52 week low of $11.76 and a 52 week high of $19.54.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $666.81 million for the quarter, compared to the consensus estimate of $651.67 million. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. sell-side analysts expect that TTM Technologies will post 1.07 earnings per share for the current year.
TTMI has been the subject of several analyst reports. Needham & Company LLC upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 target price for the company in a report on Monday, August 7th. Stifel Nicolaus lowered TTM Technologies from a “buy” rating to a “hold” rating and boosted their target price for the stock from $18.50 to $19.00 in a report on Friday, July 28th. Zacks Investment Research upgraded TTM Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub lowered TTM Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, ValuEngine lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.50.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $14.29, for a total value of $42,870.00. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 9,000 shares of company stock worth $133,980. Company insiders own 28.40% of the company’s stock.
About TTM Technologies
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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