Brokers Offer Predictions for TTMI FY2027 Earnings

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

TTMI has been the subject of several other research reports. Stifel Nicolaus reaffirmed a "buy" rating and issued a $40.00 target price (up previously from $33.00) on shares of TTM Technologies in a research note on Monday, June 16th. Wall Street Zen lowered shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Truist Financial increased their price target 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. Finally, Needham & Company LLC boosted their target price on TTM Technologies from $35.00 to $43.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, TTM Technologies has an average rating of "Buy" and a consensus target price of $45.25.

TTM Technologies Price Performance

NASDAQ:TTMI traded up $0.93 during mid-day trading on Monday, hitting $45.97. 892,354 shares of the stock traded hands, compared to its average volume of 943,146. The business's 50-day moving average price is $36.97 and its 200 day moving average price is $27.93. The company has a market cap of $4.67 billion, a PE ratio of 61.16 and a beta of 1.46. The company has a quick ratio of 1.75, a current ratio of 2.07 and a debt-to-equity ratio of 0.58. TTM Technologies has a 12-month low of $15.77 and a 12-month high of $48.59.

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

Institutional Investors Weigh In On TTM Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp boosted its stake in shares of TTM Technologies by 7.8% in the fourth quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company's stock worth $28,700,000 after acquiring an additional 84,137 shares during the last quarter. Principal Financial Group Inc. grew its holdings in TTM Technologies by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 507,745 shares of the technology company's stock valued at $10,414,000 after buying an additional 13,299 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of TTM Technologies by 0.5% during the 1st quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company's stock valued at $2,268,000 after acquiring an additional 567 shares during the last quarter. GAMMA Investing LLC raised its stake in TTM Technologies by 2,396.2% during the first quarter. GAMMA Investing LLC now owns 50,947 shares of the technology company's stock worth $1,045,000 after purchasing an additional 48,906 shares during the period. Finally, Emerald Advisers LLC boosted its holdings in TTM Technologies by 34.3% in the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock valued at $29,533,000 after purchasing an additional 367,798 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TTM Technologies

In other news, insider Tom Clapprood sold 10,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $29.50, for a total value of $295,000.00. Following the sale, the insider directly owned 34,037 shares in the company, valued at approximately $1,004,091.50. This represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Douglas L. Soder sold 24,972 shares of TTM Technologies 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 sale, the executive vice president owned 173,026 shares of the company's stock, valued at approximately $5,190,780. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,226 shares of company stock worth $3,504,492. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies announced that its Board of Directors has initiated a share repurchase program on Friday, May 9th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to purchase up to 3.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

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.