CTS (NYSE:CTS) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

CTS (NYSE:CTS) posted its quarterly earnings results on Tuesday. The electronics maker reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.13, FiscalAI reports. CTS had a net margin of 12.46% and a return on equity of 12.90%. The company had revenue of $144.78 million for the quarter, compared to analyst estimates of $143.43 million. CTS updated its FY 2026 guidance to 2.550-2.700 EPS.

CTS Trading Up 0.8%

Shares of CTS stock opened at $60.49 on Tuesday. CTS has a 52-week low of $36.03 and a 52-week high of $69.55. The firm has a market capitalization of $1.73 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.52 and a quick ratio of 1.98. The company’s fifty day moving average price is $63.08 and its two-hundred day moving average price is $56.05.

CTS Dividend Announcement

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

Analyst Upgrades and Downgrades

CTS has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of CTS in a research note on Tuesday, May 26th. Zacks Research lowered CTS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Trading of CTS

Several institutional investors have recently made changes to their positions in CTS. Royal Bank of Canada increased its stake in CTS by 11.2% in the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock valued at $292,000 after acquiring an additional 710 shares during the period. Captrust Financial Advisors lifted its stake in CTS by 12.1% during the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after purchasing an additional 876 shares during the period. Entropy Technologies LP acquired a new stake in CTS during the third quarter valued at approximately $341,000. AQR Capital Management LLC boosted its holdings in CTS by 19.4% during the first quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock valued at $398,000 after purchasing an additional 1,558 shares in the last quarter. Finally, Amundi boosted its holdings in CTS by 9.7% during the first quarter. Amundi now owns 11,542 shares of the electronics maker’s stock valued at $480,000 after purchasing an additional 1,019 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

CTS News Summary

Here are the key news stories impacting CTS this week:

• Positive Sentiment: CTS reported second-quarter revenue of $144.8 million, up 7% year over year and ahead of the $143.4 million consensus estimate. Reported EPS was $0.74, $0.13 above expectations; the company also cited adjusted diluted EPS of $0.66, compared with $0.62 a year earlier. CTS Announces Second Quarter 2026 Results
• Positive Sentiment: The company raised its FY 2026 adjusted EPS outlook to $2.55-$2.70, above the $2.43 analyst consensus. Its revenue forecast of $565 million-$585 million brackets consensus of $571.1 million, with the midpoint modestly above expectations. CTS Q2 2026 Sales Rise 7 Percent as Outlook Increases
• Positive Sentiment: Profitability and cash generation improved: adjusted gross margin increased to 41.5% from 38.7%, net income rose to $19.2 million from $18.5 million, and operating cash flow grew to $33.4 million from $28.4 million. Diversified end-market sales climbed 15% and accounted for 59% of revenue. CTS Second-Quarter Results
• Negative Sentiment: Transportation-market sales declined 2% year over year, indicating continued weakness in an important end market and partially offsetting stronger diversified-market demand. CTS Q2 2026 Sales Rise 7 Percent as Outlook Increases

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.