TTM Technologies (TTMI) Earning Very Favorable Media Coverage, Report Finds
Press coverage about TTM Technologies (NASDAQ:TTMI) has trended very positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TTM Technologies earned a daily sentiment score of 0.56 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- BidaskClub Downgrades TTM Technologies, Inc. (TTMI) to Sell (americanbankingnews.com)
- TTM Technologies’ (NASDAQ:TTMI) Hold Rating Reiterated at Stifel Nicolaus (expressnewsline.com)
- Shares Seesawing on Volume: TTM Technologies Inc (TTMI) – Evergreen Caller (evergreencaller.com)
- General Dynamics Corporation (NYSE:GD) Once Again Win Street Race- TTM Technologies, Inc. (TTMI) – Investing News Update (investingbizz.com)
- Why TTM Technologies, Inc. Stock Fell 22% Today – Motley Fool (fool.com)
TTMI has been the subject of a number of analyst reports. Zacks Investment Research cut TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. BidaskClub upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Stifel Nicolaus cut TTM Technologies from a “buy” rating to a “hold” rating and upped their price objective for the stock from $18.50 to $19.00 in a research note on Friday, July 28th. Needham & Company LLC upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research note on Monday. Finally, TheStreet upgraded TTM Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. TTM Technologies has an average rating of “Hold” and an average price target of $19.88.
Shares of TTM Technologies (TTMI) traded down 3.35% on Tuesday, hitting $13.54. The stock had a trading volume of 2,086,053 shares. The stock has a 50 day moving average price of $17.90 and a 200-day moving average price of $16.61. TTM Technologies has a 12-month low of $10.04 and a 12-month high of $19.54. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 18.83 and a beta of 1.46.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.04. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The business had revenue of $627.20 million during the quarter, compared to the consensus estimate of $625.43 million. During the same period in the prior year, the business earned $0.28 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that TTM Technologies will post $1.53 earnings per share for the current year.
In other news, SVP Daniel J. Weber sold 3,605 shares of TTM Technologies stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $17.92, for a total transaction of $64,601.60. Following the sale, the senior vice president now owns 48,270 shares of the company’s stock, valued at $864,998.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $16.25, for a total value of $48,750.00. Following the sale, the director now directly owns 42,492 shares in the company, valued at approximately $690,495. The disclosure for this sale can be found here. Insiders sold 14,074 shares of company stock worth $249,890 in the last three months. 28.40% of the stock is currently owned by corporate insiders.
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TTM Technologies Company Profile
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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