TTM Technologies (NASDAQ:TTMI) Issues Q2 2024 Earnings Guidance

TTM Technologies (NASDAQ:TTMI - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.320-0.380 for the period, compared to the consensus estimate of 0.350. The company issued revenue guidance of $560.0 million-$600.0 million, compared to the consensus revenue estimate of $576.4 million. TTM Technologies also updated its Q2 guidance to $0.32-0.38 EPS.

TTM Technologies Stock Down 1.1 %

Shares of TTMI stock traded down $0.16 during trading hours on Wednesday, hitting $14.77. 1,096,913 shares of the company's stock traded hands, compared to its average volume of 661,635. The stock's fifty day simple moving average is $14.76 and its two-hundred day simple moving average is $14.56. TTM Technologies has a 12-month low of $11.13 and a 12-month high of $16.53. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -83.66 and a beta of 1.39. The company has a quick ratio of 1.73, a current ratio of 2.03 and a debt-to-equity ratio of 0.61.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.05. TTM Technologies had a negative net margin of 0.84% and a positive return on equity of 7.83%. The company had revenue of $569.04 million during the quarter, compared to analyst estimates of $572.03 million. During the same period in the previous year, the business earned $0.36 EPS. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. On average, analysts expect that TTM Technologies will post 1.28 EPS for the current year.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a buy rating and issued a $19.00 price objective on shares of TTM Technologies in a report on Wednesday, January 31st.

Insiders Place Their Bets

In other TTM Technologies news, insider Tom Clapprood sold 3,500 shares of TTM Technologies stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $16.48, for a total value of $57,680.00. Following the completion of the sale, the insider now owns 52,264 shares of the company's stock, valued at approximately $861,310.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

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.