Wall Street analysts expect TTM Technologies, Inc. (NASDAQ:TTMI) to report earnings of $0.51 per share for the current quarter, Zacks reports. Three analysts have issued estimates for TTM Technologies’ earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.51. TTM Technologies posted earnings of $0.58 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 12.1%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that TTM Technologies will report full-year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.52. For the next fiscal year, analysts anticipate that the business will post earnings of $1.74 per share, with EPS estimates ranging from $1.68 to $1.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow TTM Technologies.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The business had revenue of $666.81 million during the quarter, compared to the consensus estimate of $651.67 million. During the same quarter last year, the firm posted $0.39 EPS. TTM Technologies’s revenue was up 3.9% compared to the same quarter last year.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut TTM Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Stifel Nicolaus reissued a “buy” rating and issued a $17.50 price objective on shares of TTM Technologies in a report on Thursday, September 28th. BidaskClub lowered TTM Technologies from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Finally, SunTrust Banks assumed coverage on TTM Technologies in a report on Thursday, December 14th. They issued a “buy” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $20.38.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $16.10, for a total transaction of $48,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 9,000 shares of company stock valued at $143,520 in the last ninety days. Insiders own 28.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Sei Investments Co. grew its holdings in shares of TTM Technologies by 197.1% during the second quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock worth $161,000 after purchasing an additional 6,127 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of TTM Technologies by 18.8% during the second quarter. Legal & General Group Plc now owns 163,454 shares of the technology company’s stock worth $2,838,000 after purchasing an additional 25,894 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of TTM Technologies by 58.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 105,919 shares of the technology company’s stock worth $1,839,000 after purchasing an additional 39,012 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of TTM Technologies by 9.5% during the second quarter. Principal Financial Group Inc. now owns 755,442 shares of the technology company’s stock worth $13,115,000 after purchasing an additional 65,239 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new position in shares of TTM Technologies during the second quarter worth about $133,000.

Shares of TTM Technologies (TTMI) traded up $0.59 during trading hours on Tuesday, reaching $17.39. The company’s stock had a trading volume of 1,163,737 shares, compared to its average volume of 792,067. The company has a market cap of $1,710.00, a PE ratio of 28.98 and a beta of 1.55. TTM Technologies has a fifty-two week low of $12.76 and a fifty-two 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.

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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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