UBS Maintains a 'Buy' on TTMI (TTMI); Lowering Estimates, But Look for 2H Recovery
Tweet
Share
E-mailGet Alerts TTMI Hot Sheet
Price: $140.98 +0.70%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Join SI Premium – FREE
UBS maintains a 'Buy' on TTMI (NASDAQ: TTMI) price target lowered $1 to $14.50.
Analyst, Amitabh Passi, said, "Q1 revs/EPS of $300.5m/$0.23 compared to cons. at $321m/$0.23 and UBSe at $320m/$0.24...We lower our estimates and now foresee 2Q and FY12 rev/EPS at $332m/$0.25 and $1.38b/$1.23 vs. $341m/$0.31 and $1.43b/$1.35 (ex-options), prev. Our 2h/1h revenue split is 54%/46% vs. TTMI expectation of 58%/42%, implying ~$130m potential rev upside to 2h. We remain conservative given recent shortfalls and until we have further clarity on new program wins. Every $50m revenue upside = $0.10 EPS upside."
For an analyst ratings summary and ratings history on TTMI click here. For more ratings news on TTMI click here.
Shares of TTMI closed at $10.35 yesterday.
Analyst, Amitabh Passi, said, "Q1 revs/EPS of $300.5m/$0.23 compared to cons. at $321m/$0.23 and UBSe at $320m/$0.24...We lower our estimates and now foresee 2Q and FY12 rev/EPS at $332m/$0.25 and $1.38b/$1.23 vs. $341m/$0.31 and $1.43b/$1.35 (ex-options), prev. Our 2h/1h revenue split is 54%/46% vs. TTMI expectation of 58%/42%, implying ~$130m potential rev upside to 2h. We remain conservative given recent shortfalls and until we have further clarity on new program wins. Every $50m revenue upside = $0.10 EPS upside."
For an analyst ratings summary and ratings history on TTMI click here. For more ratings news on TTMI click here.
Shares of TTMI closed at $10.35 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Upgrades PrimeEnergy Resource (PNRG) to Hold
- BofA Securities Starts Definium Therapeutics Inc (DFTX) at Buy
- Canaccord Downgrades York Space Systems (YSS) to Hold, 'Supply chain and contract timing uncertainty'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
