TTM Technologies (TTMI) Earning Somewhat Positive News Coverage, Accern Reports

Media stories about TTM Technologies (NASDAQ:TTMI) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TTM Technologies earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 44.7174185866669 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

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Shares of TTMI stock opened at $14.89 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $1,540.19, a PE ratio of 13.54 and a beta of 1.73. TTM Technologies has a fifty-two week low of $12.76 and a fifty-two week high of $19.54.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $739.30 million for the quarter, compared to analyst estimates of $724.65 million. TTM Technologies had a return on equity of 13.26% and a net margin of 4.67%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. research analysts anticipate that TTM Technologies will post 1.04 EPS for the current year.

A number of research analysts have recently weighed in on the company. BidaskClub lowered TTM Technologies from a “hold” rating to a “sell” rating in a report on Monday, December 11th. SunTrust Banks assumed coverage on TTM Technologies in a report on Thursday, December 14th. They issued a “buy” rating and a $20.00 price objective on the stock. Zacks Investment Research lowered TTM Technologies from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Needham & Company LLC cut their price objective on TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a report on Thursday, February 8th. Finally, Stifel Nicolaus cut their price objective on TTM Technologies from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. TTM Technologies currently has a consensus rating of “Buy” and a consensus price target of $19.50.

In related news, EVP Tai Keung Chung sold 105,324 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $16.15, for a total transaction of $1,700,982.60. Following the sale, the executive vice president now directly owns 83,858 shares of the company’s stock, valued at $1,354,306.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel J. Weber sold 8,630 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $15.89, for a total value of $137,130.70. Following the sale, the senior vice president now directly owns 30,642 shares in the company, valued at $486,901.38. The disclosure for this sale can be found here. Insiders sold 141,288 shares of company stock worth $2,274,950 over the last three months. Corporate insiders own 10.10% of the company’s stock.

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About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments: PCB and electro-mechanical solutions (E-M Solutions). The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

Insider Buying and Selling by Quarter for TTM Technologies (NASDAQ:TTMI)

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