FY2027 Earnings Forecast for TTMI Issued By B. Riley

TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) - Research analysts at B. Riley issued their FY2027 EPS estimates for TTM Technologies in a report issued on Wednesday, July 16th. B. Riley analyst M. Crawford anticipates 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.

Other research analysts have also recently issued research reports about the stock. Truist Financial increased their target price on shares of TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Stifel Nicolaus reissued a "buy" rating and issued a $40.00 target price (up previously from $33.00) on shares of TTM Technologies in a report on Monday, June 16th. Wall Street Zen cut shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Needham & Company LLC increased their target price on shares of TTM Technologies from $35.00 to $43.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $45.25.

TTM Technologies Price Performance

Shares of TTMI stock traded down $2.19 on Monday, reaching $44.27. The company had a trading volume of 1,976,894 shares, compared to its average volume of 2,238,047. The stock has a market capitalization of $4.50 billion, a PE ratio of 59.03 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 one year low of $15.77 and a one year high of $48.59. The business's 50-day moving average is $37.61 and its 200 day moving average is $28.19.

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

TTM Technologies announced that its board has authorized a share repurchase plan on Friday, May 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to reacquire up to 3.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In related news, EVP Daniel J. Weber sold 20,170 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $29.51, for a total value of $595,216.70. Following the completion of the transaction, the executive vice president owned 74,983 shares in the company, valued at $2,212,748.33. This trade represents a 21.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tom Clapprood sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $29.50, for a total transaction of $295,000.00. Following the completion of the transaction, the insider owned 34,037 shares of the company's stock, valued at approximately $1,004,091.50. This trade represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,226 shares of company stock worth $3,504,492 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TTMI. Quarry LP raised its holdings in TTM Technologies by 249.9% in the 1st quarter. Quarry LP now owns 2,110 shares of the technology company's stock valued at $43,000 after buying an additional 1,507 shares during the last quarter. USA Financial Formulas increased its position in TTM Technologies by 119.1% during the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock valued at $46,000 after purchasing an additional 1,216 shares during the period. Sterling Capital Management LLC increased its position in TTM Technologies by 808.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock valued at $79,000 after purchasing an additional 2,831 shares during the period. Meeder Asset Management Inc. acquired a new stake in TTM Technologies during the 4th quarter valued at approximately $89,000. Finally, CWM LLC increased its position in TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company's stock valued at $92,000 after purchasing an additional 567 shares during the period. Institutional investors own 95.79% of the company's stock.

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.