TTM Technologies, Inc. (NASDAQ:TTMI) is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.19 per share.
For the full year, analysts predict revenues of $ 2138.47 million, while looking forward to income of $ 0.93 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.16 ~ $ 0.22 per share, while revenues are expected in a range of $ 470.00 million ~ $ 510.00 million
Click Here For More Historical Outlooks Of TTM Technologies, Inc.
Previous Quarter Performance
TTM Technologies, Inc. reported income for the second quarter of $ 0.31 per share, from the revenue of $ 570.30 million. According to street consensus, TTMI was expected to report 2Q20 income of $ 0.14 per share from revenue of $ 536.92 million. The bottom line results beat street analysts by $ 0.17 or 121.43 percent, at the same time, top line results outshined analysts by $ 33.38 million or 6.22 percent.
Stock Performance
Shares of TTM Technologies, Inc. traded low $ -0.20 or -1.62 percent on Tuesday, reaching $ 12.12 with volume of 1.06 million shares. TTM Technologies, Inc. has traded high as $ 12.37 and has cracked $ 12.11 on the downward trend
According to the previous trading day, closing price of $ 12.12, representing a 52.85 % increase from the 52 week low of $ 8.06 and a 24.18 % decrease over the 52 week high of $ 16.25.
The company has a market capital of $ 1.29 billion and is part of the Technology sector and Contract Manufacturers industry.
Recent Analyst recommendations
- On 29th September 2020, initiated by Craig Hallum at Buy rating, with $ 15.00 target price.
Conference Call
TTM Technologies, Inc. will be hosting a conference call at 4:30 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ttm.com
TTM Technologies, Inc., together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. The company operates through two segments, PCB and E-M Solutions. The company offers a range of PCB products, radio-frequency (RF) components, and electro-mechanical solutions, including conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.
