TT Electronics (TTG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE Small Cap

79.00p
   
  • Change Today:
    -3.40p
  • 52 Week High: 179.00p
  • 52 Week Low: 78.20p
  • Currency: UK Pounds
  • Shares Issued: 177.74m
  • Volume: 708,303
  • Market Cap: £140.41m
  • RiskGrade: 186

TT Electronics upgrades FY profit expectations, shares rally

By Michele Maatouk

Date: Thursday 23 Feb 2023

LONDON (ShareCast) - (Sharecast News) - TT Electronics rallied on Thursday as it upgraded full-year profit expectations after its global manufacturing solutions (GMS) business outperformed.
In a brief update, the company said adjusted pre-tax profit was set to be at or around the top end of the range of consensus expectations of £36.5m to £39.4m.

It said group revenue growth in the final two months of the year remained strong, with organic growth of 20% reflecting the company's "successful positioning in structural growth markets and new project and customer wins".

TT also said that leverage has reduced back into its 1-2 times target range as expected.

"We enter 2023 with good momentum, underpinned by a strong order book and will provide a full update with our annual results presentation on 8 March," the company said.

Broker Numis, which rates the shares at 'buy', said the new profit guidance is "comfortably ahead of our estimate of £37.0m, implying an upgrade of circa 7% (EPS 16.3p to 17.4p)".

At 1330 GMT, the shares were up 8.4% at 196.15p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TT Electronics Market Data

Currency UK Pounds
Share Price 79.00p
Change Today -3.40p
% Change -4.13 %
52 Week High 179.00p
52 Week Low 78.20p
Volume 708,303
Shares Issued 177.74m
Market Cap £140.41m
RiskGrade 186

TT Electronics Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.18% above the market average99.18% above the market average99.18% above the market average99.18% above the market average99.18% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
79.75% below the market average79.75% below the market average79.75% below the market average79.75% below the market average79.75% below the market average
67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average
Income
98.93% above the market average98.93% above the market average98.93% above the market average98.93% above the market average98.93% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
4.84% below the market average4.84% below the market average4.84% below the market average4.84% below the market average4.84% below the market average
3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TT Electronics Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-24 11-Apr-24
Paid 15-Oct-24 15-May-24
Amount 2.25p 4.65p

Trades for 31-Oct-2024

Time Volume / Share Price
14:16 899 @ 79.95p
14:16 1,121 @ 79.95p
14:16 2,344 @ 79.95p
14:16 2,125 @ 79.95p
14:16 14,015 @ 79.95p

TT Electronics Key Personnel

CFO Mark Hoad
Chair Warren Tucker

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