CTS (CTS) Expected to Announce Earnings on Tuesday

CTS logo with Computer and Technology background

CTS (NYSE:CTS - Get Free Report) is expected to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect CTS to post earnings of $0.59 per share and revenue of $132.80 million for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

CTS (NYSE:CTS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share 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 quarter last year, the firm posted $0.54 earnings per share.

CTS Stock Down 0.5 %

CTS stock traded down $0.23 during midday trading on Friday, hitting $51.00. 49,916 shares of the stock were exchanged, compared to its average volume of 124,319. CTS has a 52-week low of $40.96 and a 52-week high of $59.68. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 26.29 and a beta of 0.60. The business's 50-day moving average price is $53.32 and its 200-day moving average price is $50.70. The company has a quick ratio of 1.91, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

CTS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, December 27th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Friday, December 27th. CTS's dividend payout ratio (DPR) is presently 8.25%.

Analyst Upgrades and Downgrades

CTS has been the topic of a number of research analyst reports. Scotiabank cut 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 research note on Friday, January 24th.

Get Our Latest Research Report on CTS

Insider Buying and Selling at CTS

In other news, CEO Kieran M. O'sullivan sold 6,690 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $55.83, for a total value of $373,502.70. Following the sale, the chief executive officer now owns 375,643 shares of the company's stock, valued at $20,972,148.69. The trade was a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 59,956 shares of company stock worth $3,331,185 over the last three months. 2.00% of the stock is currently owned by insiders.

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.

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Earnings History for CTS (NYSE:CTS)

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