CTS Co. (NYSE:CTS - Get Free Report) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.04 per share by the electronics maker on Friday, April 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Friday, March 28th.
CTS has a payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings.
CTS Price Performance
NYSE CTS traded up $0.05 during trading on Monday, reaching $46.52. 224,864 shares of the company traded hands, compared to its average volume of 147,945. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 24.48 and a beta of 0.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.91 and a current ratio of 2.50. The stock's 50 day moving average price is $52.50 and its two-hundred day moving average price is $50.45. CTS has a 1-year low of $42.63 and a 1-year high of $59.68.
CTS (NYSE:CTS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a return on equity of 12.67% and a net margin of 11.27%. As a group, analysts anticipate that CTS will post 2.28 EPS for the current year.
Analyst Ratings Changes
CTS has been the subject of several recent analyst reports. Scotiabank downgraded shares of CTS from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. StockNews.com cut shares of CTS from a "buy" rating to a "hold" rating in a report on Sunday.
View Our Latest Stock Report on CTS
Insider Transactions at CTS
In related news, CEO Kieran M. O'sullivan sold 6,690 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $55.83, for a total transaction of $373,502.70. Following the transaction, the chief executive officer now directly owns 375,643 shares of the company's stock, valued at approximately $20,972,148.69. This trade represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 59,956 shares of company stock worth $3,331,185 over the last quarter. Company insiders own 2.00% of the company's stock.
About CTS
(
Get Free Report)
CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.
Read More
Before you consider CTS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CTS wasn't on the list.
While CTS currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
