CTS (NYSE:CTS) Releases FY 2026 Earnings Guidance

CTS (NYSE:CTS) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.550-2.700 for the period, compared to the consensus estimate of 2.430. The company issued revenue guidance of $565.0 million-$585.0 million, compared to the consensus revenue estimate of $571.1 million.

CTS Price Performance

Shares of NYSE CTS opened at $60.49 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.98 and a current ratio of 2.52. The firm has a fifty day moving average of $63.08 and a 200 day moving average of $56.05. The firm has a market cap of $1.73 billion, a PE ratio of 25.85, a PEG ratio of 1.54 and a beta of 1.04. CTS has a one year low of $36.03 and a one year high of $69.55.

CTS (NYSE:CTS) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.13. CTS had a net margin of 12.46% and a return on equity of 12.90%. The firm had revenue of $144.78 million during the quarter, compared to the consensus estimate of $143.43 million. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. As a group, research analysts predict that CTS will post 2.43 EPS for the current fiscal year.

CTS Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, June 26th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, June 26th. CTS’s dividend payout ratio (DPR) is currently 6.84%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of CTS in a research report on Tuesday, May 26th. Zacks Research lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, CTS has a consensus rating of “Hold”.

Institutional Investors Weigh In On CTS

Several institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC boosted its holdings in CTS by 19.0% during the 1st quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock valued at $2,480,000 after acquiring an additional 9,530 shares during the period. Entropy Technologies LP purchased a new position in CTS in the third quarter valued at $341,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in CTS by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock worth $2,921,000 after purchasing an additional 7,144 shares during the period. State of Tennessee Department of Treasury raised its position in CTS by 21.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 26,233 shares of the electronics maker’s stock valued at $1,125,000 after purchasing an additional 4,658 shares in the last quarter. Finally, Horizon Investments LLC increased its stake in shares of CTS by 14.0% during the third quarter. Horizon Investments LLC now owns 13,453 shares of the electronics maker’s stock worth $537,000 after buying an additional 1,653 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

About CTS

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.