CTS (NYSE:CTS - Get Free Report) announced its quarterly earnings data on Tuesday. The electronics maker reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.06), Zacks reports. CTS had a return on equity of 12.39% and a net margin of 11.66%. CTS updated its FY 2025 guidance to 2.200-2.350 EPS.
CTS Price Performance
Shares of CTS stock traded down $1.09 during midday trading on Friday, hitting $46.49. 125,567 shares of the company traded hands, compared to its average volume of 142,176. CTS has a 12 month low of $42.63 and a 12 month high of $59.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 2.46. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 23.96 and a beta of 0.59. The firm's fifty day moving average price is $52.67 and its 200-day moving average price is $50.54.
CTS Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Friday, March 28th. CTS's dividend payout ratio is currently 8.25%.
Analysts Set New Price Targets
CTS has been the topic of a number of recent research reports. StockNews.com upgraded shares of CTS from a "hold" rating to a "buy" rating in a research note on Saturday, February 1st. Scotiabank cut CTS from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th.
Check Out Our Latest Stock Analysis on CTS
Insider Buying and Selling
In related news, CEO Kieran M. O'sullivan sold 6,690 shares of CTS stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $55.83, for a total transaction of $373,502.70. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 59,956 shares of company stock worth $3,331,185 in the last ninety days. Company insiders own 2.30% 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.
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