According to Zacks, “CTS Corporation is a leading designer and manufacturer of products that Sense, Connect and Move. CTS manufactures sensors, actuators and electronic components and supplies these products to OEMs in the aerospace, communications, defense, industrial, information technology, medical and transportation markets. CTS focus on providing advanced technology, exceptional customer service and superior value to industry partners throughout the globe. CTS aims to be at the forefront of technology, delivering innovative sensing, connectivity and motion solutions for the creation and advancement of products and services around the world. CTS Corporation engages in the design, manufacture, assembly, and sale of electronic components and sensors, as well as the provision of electronics manufacturing services worldwide. It operates in two segments, Electronics Manufacturing Services, and Components and Sensors. “
A number of other brokerages have also issued reports on CTS. ValuEngine raised CTS from a sell rating to a hold rating in a research report on Monday, July 22nd. Cowen assumed coverage on CTS in a research report on Tuesday, May 21st. They issued an outperform rating and a $34.00 target price on the stock.
CTS stock traded down $0.03 during midday trading on Monday, hitting $32.74. 2,277 shares of the company were exchanged, compared to its average volume of 142,871. The company’s fifty day moving average price is $29.51 and its 200-day moving average price is $29.22. The company has a market cap of $986.60 million, a PE ratio of 21.41 and a beta of 1.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.60 and a quick ratio of 2.15. CTS has a fifty-two week low of $24.07 and a fifty-two week high of $37.10.
CTS (NYSE:CTS) last released its quarterly earnings results on Thursday, July 25th. The electronics maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $120.68 million for the quarter, compared to analyst estimates of $115.10 million. CTS had a return on equity of 13.92% and a net margin of 10.72%. CTS’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. On average, analysts expect that CTS will post 1.59 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, September 26th. CTS’s payout ratio is 10.46%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Trust Co. of Vermont acquired a new position in shares of CTS in the 2nd quarter valued at approximately $41,000. Quantamental Technologies LLC acquired a new position in shares of CTS in the 1st quarter valued at approximately $56,000. Investors Research Corp raised its position in shares of CTS by 90.9% in the 2nd quarter. Investors Research Corp now owns 2,100 shares of the electronics maker’s stock valued at $58,000 after purchasing an additional 1,000 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of CTS by 288.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,809 shares of the electronics maker’s stock valued at $200,000 after purchasing an additional 5,054 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of CTS in the 1st quarter valued at approximately $223,000. 93.91% of the stock is currently owned by institutional investors.
CTS Company Profile
CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It offers sensors and actuators for use in passenger or consumer vehicles; electronic components for use in telecommunications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.
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