TTM Technologies (TTMI) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

TTM Technologies (NASDAQ:TTMI) posted its quarterly earnings data on Wednesday. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05, Briefing.com reports. The company had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $724.65 million. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. TTM Technologies’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. TTM Technologies updated its Q1 guidance to $0.22 to $0.28 EPS.

TTM Technologies (NASDAQ:TTMI) opened at $15.48 on Thursday. TTM Technologies has a 52-week low of $12.76 and a 52-week high of $19.54. The company has a current ratio of 1.65, a quick ratio of 1.21 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1,584.25, a P/E ratio of 22.76 and a beta of 1.70.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $16.07, for a total value of $48,210.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 28.40% of the company’s stock.

Several research firms have recently weighed in on TTMI. Stifel Nicolaus reduced their price objective on TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday. Needham & Company LLC reduced their price objective on TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating for the company in a research report on Thursday. Zacks Investment Research raised TTM Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut TTM Technologies from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, SunTrust Banks started coverage on TTM Technologies in a research report on Thursday, December 14th. They set a “buy” rating and a $20.00 price target for the company. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $20.00.

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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.

Earnings History for TTM Technologies (NASDAQ:TTMI)

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