TTM Technologies (NASDAQ:TTMI – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.370-0.430 for the period, compared to the consensus earnings per share estimate of 0.390. The company issued revenue guidance of $580.0 million-$620.0 million, compared to the consensus revenue estimate of $600.4 million. TTM Technologies also updated its Q3 guidance to $0.37-0.43 EPS.
TTM Technologies Stock Down 2.7 %
Shares of TTM Technologies stock traded down $0.57 on Wednesday, reaching $20.17. 557,796 shares of the company were exchanged, compared to its average volume of 744,168. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.09 and a quick ratio of 1.77. The stock’s 50 day moving average price is $19.69 and its 200-day moving average price is $16.82. The company has a market cap of $2.05 billion, a P/E ratio of -1,036.48 and a beta of 1.25. TTM Technologies has a 1-year low of $11.14 and a 1-year high of $22.70.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. The business had revenue of $605.10 million for the quarter, compared to analyst estimates of $582.70 million. TTM Technologies had a positive return on equity of 8.63% and a negative net margin of 0.11%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. As a group, equities analysts forecast that TTM Technologies will post 1.29 EPS for the current year.
Wall Street Analyst Weigh In
Read Our Latest Report on TTM Technologies
Insider Buying and Selling at TTM Technologies
In other TTM Technologies news, insider Robert P. Farrell sold 5,159 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $18.99, for a total transaction of $97,969.41. Following the sale, the insider now directly owns 22,958 shares of the company’s stock, valued at $435,972.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TTM Technologies news, insider Robert P. Farrell sold 5,159 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $18.99, for a total value of $97,969.41. Following the sale, the insider now directly owns 22,958 shares of the company’s stock, valued at $435,972.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anthony Joseph Sandeen sold 23,683 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.53, for a total transaction of $415,162.99. Following the transaction, the insider now directly owns 28,056 shares of the company’s stock, valued at $491,821.68. The disclosure for this sale can be found here. Insiders have sold 124,721 shares of company stock worth $2,339,678 over the last quarter. 1.30% of the stock is owned by corporate insiders.
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.
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