TTM Technologies (NASDAQ:TTMI) Releases Earnings Results, Beats Estimates By $0.05 EPS

TTM Technologies (NASDAQ:TTMI) issued its quarterly earnings results on Wednesday. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05, Zacks reports. TTM Technologies had a net margin of 2.90% and a return on equity of 8.67%.

TTM Technologies Price Performance

NASDAQ TTMI traded up $0.48 during trading hours on Wednesday, reaching $24.78. The company’s stock had a trading volume of 1,143,210 shares, compared to its average volume of 628,135. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 37.55 and a beta of 1.19. The firm’s 50-day moving average price is $25.03 and its 200-day moving average price is $21.77. TTM Technologies has a 1 year low of $13.43 and a 1 year high of $28.00. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59.

Insiders Place Their Bets

In related news, insider Jeff Jankowsky sold 5,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the transaction, the insider now owns 50,273 shares in the company, valued at approximately $1,256,825. This represents a 9.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas L. Soder sold 19,015 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.00, for a total value of $475,375.00. Following the completion of the sale, the executive vice president now owns 185,478 shares in the company, valued at $4,636,950. The trade was a 9.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,233 shares of company stock valued at $1,042,577 in the last quarter. 1.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of TTM Technologies in a research report on Tuesday, January 14th.

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.