TTM Technologies (TTMI) Projected to Post Quarterly Earnings on Wednesday

TTM Technologies (NASDAQ:TTMI - Get Free Report) is projected to announce its Q2 2025 earnings results after the market closes on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $668.42 million for the quarter. TTM Technologies has set its Q2 2025 guidance at 0.490-0.550 EPS.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. TTM Technologies had a return on equity of 10.75% and a net margin of 3.09%. The company had revenue of $648.67 million during the quarter, compared to the consensus estimate of $621.44 million. During the same quarter last year, the firm earned $0.28 earnings per share. The company's revenue was up 13.8% on a year-over-year basis. On average, analysts expect TTM Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

TTM Technologies Stock Performance

Shares of TTMI traded up $1.02 during midday trading on Friday, reaching $45.29. 2,127,988 shares of the stock were exchanged, compared to its average volume of 2,235,684. TTM Technologies has a twelve month low of $15.77 and a twelve month high of $48.59. The company has a quick ratio of 1.75, a current ratio of 2.07 and a debt-to-equity ratio of 0.58. The stock's 50 day simple moving average is $37.93 and its 200 day simple moving average is $28.35. The company has a market cap of $4.60 billion, a P/E ratio of 60.39 and a beta of 1.46.

TTM Technologies declared that its Board of Directors has approved a stock buyback program on Friday, May 9th that allows the company to buyback $100.00 million in outstanding 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 typically a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP Daniel J. Weber sold 20,170 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $29.51, for a total transaction of $595,216.70. Following the completion of the transaction, the executive vice president owned 74,983 shares of the company's stock, valued at approximately $2,212,748.33. The trade was a 21.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dale Martin Knecht sold 10,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the senior vice president directly owned 76,346 shares of the company's stock, valued at $2,253,733.92. This trade represents a 11.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,226 shares of company stock valued at $3,504,492 over the last 90 days. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On TTM Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in TTM Technologies by 66.6% in the first quarter. Royal Bank of Canada now owns 26,433 shares of the technology company's stock valued at $543,000 after buying an additional 10,565 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of TTM Technologies by 1.1% during the 1st quarter. Focus Partners Wealth now owns 31,944 shares of the technology company's stock valued at $655,000 after acquiring an additional 343 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of TTM Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company's stock valued at $1,232,000 after acquiring an additional 2,632 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of TTM Technologies by 1,150.2% during the 1st quarter. Jane Street Group LLC now owns 139,889 shares of the technology company's stock valued at $2,869,000 after acquiring an additional 128,700 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of TTM Technologies by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company's stock valued at $3,908,000 after acquiring an additional 13,691 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

TTMI has been the subject of several recent research reports. B. Riley boosted their price target on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Stifel Nicolaus restated a "buy" rating and set a $40.00 price objective (up previously from $33.00) on shares of TTM Technologies in a research note on Monday, June 16th. Truist Financial increased their target price on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Wall Street Zen lowered TTM Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Needham & Company LLC boosted their price target on TTM Technologies from $35.00 to $43.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $45.25.

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.