Last Updated: 13 Nov 2024
Executive Summary
TTM Technologies Inc. (TTMI) is a leading manufacturer of printed circuit boards (PCBs) with a market capitalization of $2.54 billion. The company's strong financial performance, including an EBITDA of $307 million and EPS of $0.66, has resulted in a trailing PE ratio of 37.76. Analysts are bullish on TTM, with a consensus target price of $26.5 and a majority rating of "Buy."
Company Overview
TTM Technologies is headquartered in Santa Ana, California, and has a global presence. The company's products are used in various industries, including automotive, industrial, medical, and aerospace. TTM has a strong customer base, including major OEMs and contract manufacturers.
Fundamental Analysis
TTM's financial performance has been solid in recent quarters. Revenue for the latest quarter was $2.36 billion, representing a 0.077% increase year-over-year. EPS grew by 2.765% to $0.66. The company's profit margin is 2.9%, and its operating margin is 8.49%. TTM has a healthy balance sheet with a book value of $15.17 per share.
Technical Analysis
TTM's stock price has been trending upward in recent months. The 50-day moving average is $19.34, and the 200-day moving average is $17.76. The stock is currently trading above both moving averages, indicating a bullish trend.
Short Term Outlook
In the short term, TTM's stock price is expected to continue its upward trend. The company's strong financial performance and positive analyst sentiment are likely to support the stock's momentum. However, investors should be aware of the potential for short-term volatility.
Long Term Outlook
In the long term, TTM is well-positioned for growth. The company's strong market position, innovative products, and global presence provide a solid foundation for future success. The company's focus on high-growth markets, such as automotive and medical, is expected to drive long-term revenue and earnings growth.
Analyst Recommendations
Analysts are generally positive on TTM. One analyst has a "Strong Buy" rating, while three have a "Buy" rating. No analysts have a "Hold," "Sell," or "Strong Sell" rating. The consensus target price is $26.5, representing a potential upside of 5.3%.
