TTM Technologies (NASDAQ:TTMI) Releases Q4 Earnings Guidance

TTM Technologies (NASDAQ:TTMI) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.44-0.50 for the period, compared to the consensus earnings per share estimate of $0.43. The company issued revenue guidance of $610-650 million, compared to the consensus revenue estimate of $615.75 million. TTM Technologies also updated its Q4 2024 guidance to 0.440-0.500 EPS.

Analyst Upgrades and Downgrades

TTMI has been the topic of a number of recent research reports. B. Riley boosted their price target on shares of TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and set a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Needham & Company LLC lifted their target price on TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus increased their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, TTM Technologies presently has an average rating of “Buy” and a consensus target price of $24.31.

TTM Technologies Trading Up 0.1 %

NASDAQ TTMI traded up $0.01 during mid-day trading on Wednesday, reaching $19.72. 704,883 shares of the stock were exchanged, compared to its average volume of 759,374. TTM Technologies has a 1-year low of $11.38 and a 1-year high of $22.70. The stock has a market capitalization of $2.01 billion, a PE ratio of -986.00 and a beta of 1.25. The business’s fifty day simple moving average is $18.81 and its 200 day simple moving average is $18.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 2.04.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The firm had revenue of $605.10 million during the quarter, compared to analysts’ expectations of $582.70 million. During the same quarter in the prior year, the business earned $0.28 EPS. TTM Technologies’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts anticipate that TTM Technologies will post 1.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Shawn A. Powers sold 7,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $20.50, for a total transaction of $143,500.00. Following the sale, the executive vice president now directly owns 101,741 shares of the company’s stock, valued at $2,085,690.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.50, for a total transaction of $143,500.00. Following the sale, the executive vice president now owns 101,741 shares of the company’s stock, valued at approximately $2,085,690.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dale Martin Knecht sold 20,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $17.40, for a total transaction of $348,000.00. Following the sale, the senior vice president now owns 81,392 shares of the company’s stock, valued at $1,416,220.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,000 shares of company stock worth $1,153,900. Insiders own 1.30% of the company’s stock.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.