TTM Technologies Beats on Earnings and Revenue
May 03, 2017: TTM Technologies reports Q1 EPS of $0.37 versus the $0.29 estimate. Revenue also beat coming in at $625.2 million versus the $615 million estimate.
The CEO Thomas T. Edman said, “TTM delivered strong organic year on year growth in the first quarter of 7 percent, near the high end of our guidance, and profitability which exceeded our forecast. On a year over year basis, most end markets grew, with the fastest growth coming from the cellular, computing and aerospace and defense end markets. This growth, along with strong operational execution, resulted in non-GAAP EPS above the high end of our guidance. These results represent the highest revenue and EBITDA for a first quarter in the history of the company.”
February 8, 2017: TTM Technologies reports Q4 EPS of $0.58 versus the $0.45 estimate. Revenue also beat coming in at $706.5 million versus the $672 million estimate.
The CEO said, “On a year over year basis, most end markets grew, with the fastest growth coming from the cellular and automotive end markets. This drove substantial operating income leverage in the business resulting in the highest non-GAAP EPS in the history of the company.”
December 12, 2016: Detecting heavy call activity in TTM Technologies, 5000 June $17.5 calls trade at $0.65.
November 30, 2016: Stifel raises price target of TTM Technologies to $15, from $13, and reiterates a Buy rating.
October 30, 2016: JPMorgan raised the price target of TTM Technologies to $16 from $14, and reiterates an Overweight rating.
TTM Technologies Stock Chart
TTM Technologies, Inc. is a major global PCB manufacturer, focusing on quick-turn and technologically advanced PCBs and the backplane and sub-system assembly business.
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