Equities Analysts Issue Forecasts for TTMI FY2027 Earnings

TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) - B. Riley issued their FY2027 EPS estimates for TTM Technologies in a report issued on Wednesday, July 16th. B. Riley analyst M. Crawford expects that the technology company will post earnings per share of $2.37 for the year. B. Riley has a "Buy" rating and a $50.00 price target on the stock. The consensus estimate for TTM Technologies' current full-year earnings is $1.76 per share.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. The firm had revenue of $648.67 million for the quarter, compared to the consensus estimate of $621.44 million. TTM Technologies had a net margin of 3.09% and a return on equity of 10.75%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 EPS.

TTMI has been the topic of several other reports. Truist Financial upped their price objective on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 7th. Needham & Company LLC upped their price target on TTM Technologies from $35.00 to $43.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Stifel Nicolaus restated a "buy" rating and issued a $40.00 price objective (up from $33.00) on shares of TTM Technologies in a research report on Monday, June 16th. Finally, Wall Street Zen cut shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $45.25.

TTM Technologies Stock Up 5.4%

Shares of NASDAQ TTMI traded up $2.44 during trading on Monday, hitting $47.47. The stock had a trading volume of 5,788,446 shares, compared to its average volume of 932,887. TTM Technologies has a 12 month low of $15.77 and a 12 month high of $48.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.07 and a quick ratio of 1.75. The company has a market capitalization of $4.82 billion, a PE ratio of 27.97 and a beta of 1.46. The firm has a fifty day moving average of $36.29 and a two-hundred day moving average of $27.65.

Institutional Investors Weigh In On TTM Technologies

Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in TTM Technologies by 7.2% in the second quarter. State of Alaska Department of Revenue now owns 60,543 shares of the technology company's stock valued at $2,470,000 after buying an additional 4,043 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in TTM Technologies in the second quarter valued at about $880,000. GAMMA Investing LLC raised its stake in TTM Technologies by 30.6% in the second quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company's stock valued at $132,000 after buying an additional 760 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of TTM Technologies in the second quarter valued at about $380,000. Finally, Longboard Asset Management LP acquired a new position in shares of TTM Technologies in the second quarter valued at about $293,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Daniel J. Weber sold 20,170 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $29.51, for a total value of $595,216.70. Following the completion of the sale, the executive vice president directly owned 74,983 shares in the company, valued at approximately $2,212,748.33. This represents a 21.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Douglas L. Soder sold 24,972 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $30.00, for a total value of $749,160.00. Following the completion of the sale, the executive vice president owned 173,026 shares of the company's stock, valued at $5,190,780. This represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,226 shares of company stock worth $3,504,492. Company insiders own 1.30% of the company's stock.

TTM Technologies announced that its Board of Directors has approved a stock repurchase plan on Friday, May 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

TTM Technologies Company Profile

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.