CTS Co. (NYSE:CTS - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, December 27th will be paid a dividend of 0.04 per share by the electronics maker on Friday, January 31st. This represents a $0.16 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Friday, December 27th.
CTS has a dividend payout ratio of 6.8% indicating that its dividend is sufficiently covered by earnings.
CTS Trading Down 1.3 %
Shares of CTS stock traded down $0.76 on Friday, reaching $57.97. 218,890 shares of the company's stock were exchanged, compared to its average volume of 139,781. The firm's 50-day moving average is $48.57 and its two-hundred day moving average is $49.64. The company has a market capitalization of $1.75 billion, a P/E ratio of 29.88 and a beta of 0.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 2.46. CTS has a 52 week low of $37.60 and a 52 week high of $59.68.
CTS (NYSE:CTS - Get Free Report) last issued its earnings results on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. CTS had a net margin of 11.66% and a return on equity of 12.39%. The business had revenue of $132.42 million for the quarter. During the same period in the prior year, the company earned $0.54 earnings per share. Sell-side analysts predict that CTS will post 2.15 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Scotiabank downgraded CTS from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. StockNews.com downgraded shares of CTS from a "buy" rating to a "hold" rating in a research report on Thursday.
View Our Latest Report on CTS
About CTS
(
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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.
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