TTM Technologies (NASDAQ:TTMI) Issues Q4 Earnings Guidance

TTM Technologies (NASDAQ:TTMI) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.44-0.50 for the period, compared to the consensus EPS estimate of $0.43. The company issued revenue guidance of $610-650 million, compared to the consensus revenue estimate of $615.75 million. TTM Technologies also updated its Q4 2024 guidance to 0.440-0.500 EPS.

TTM Technologies Price Performance

NASDAQ TTMI traded up $0.01 during trading on Wednesday, hitting $19.72. 704,883 shares of the stock traded hands, compared to its average volume of 759,374. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.60. TTM Technologies has a 12-month low of $11.38 and a 12-month high of $22.70. The firm has a 50-day simple moving average of $18.81 and a 200-day simple moving average of $18.61. The company has a market capitalization of $2.01 billion, a P/E ratio of -986.00 and a beta of 1.25.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The firm had revenue of $605.10 million during the quarter, compared to analyst estimates of $582.70 million. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. TTM Technologies’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. As a group, analysts predict that TTM Technologies will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTMI. Truist Financial reiterated a “buy” rating and set a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. B. Riley boosted their price objective on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC raised their target price on shares of TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus lifted their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, TTM Technologies currently has a consensus rating of “Buy” and an average target price of $24.31.

Insider Buying and Selling

In other TTM Technologies news, SVP Dale Martin Knecht sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.40, for a total value of $348,000.00. Following the sale, the senior vice president now owns 81,392 shares in the company, valued at approximately $1,416,220.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other TTM Technologies news, SVP Dale Martin Knecht sold 20,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.40, for a total transaction of $348,000.00. Following the transaction, the senior vice president now owns 81,392 shares in the company, valued at approximately $1,416,220.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Catherine A. Gridley sold 10,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $17.49, for a total value of $174,900.00. Following the transaction, the executive vice president now owns 120,296 shares in the company, valued at $2,103,977.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,000 shares of company stock valued at $1,153,900 over the last 90 days. Insiders own 1.30% of the company’s stock.

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.