TTM Technologies Inc (NASDAQ: TTMI) has reported earnings for its first fiscal quarter (ending March 31) of $0.10 versus a loss $-0.06 for the same period a year ago. Relative to the consensus estimate of $0.39, this was a shortfall of $-0.29. For the latest four quarters through March 31, E.P.S. were $-0.02 compared to $0.70 a year ago — a decline of -103%.
Recent Price Action
TTM Technologies Inc (NASDAQ: TTMI) stock declined modestly by -1.1% on 5/1/24. The stock closed at $14.77. Moreover, this decline was accompanied by unusually high trading volume at 192% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TTMI is expected to continue to be an important Value Builder.
TTM Technologies has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TTM Technologies has a neutral Power Rating of 58 and a slightly positive Appreciation Score of 60, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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