CTS (NYSE:CTS - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.200-2.350 for the period, compared to the consensus EPS estimate of 2.370. The company issued revenue guidance of $520.0 million-$550.0 million, compared to the consensus revenue estimate of $551.6 million.
Analyst Upgrades and Downgrades
A number of analysts have issued reports 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 raised shares of CTS from a "hold" rating to a "buy" rating in a report on Saturday, February 1st.
Get Our Latest Report on CTS
CTS Trading Down 2.3 %
CTS traded down $1.09 on Friday, hitting $46.49. The company had a trading volume of 125,567 shares, compared to its average volume of 142,176. The business's fifty day simple moving average is $52.67 and its 200 day simple moving average is $50.54. 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 has a 12-month low of $42.63 and a 12-month high of $59.68. The company has a market cap of $1.40 billion, a PE ratio of 23.96 and a beta of 0.59.
CTS (NYSE:CTS - Get Free Report) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.06). CTS had a return on equity of 12.39% and a net margin of 11.66%. Equities research analysts expect that CTS will post 2.15 EPS for the current year.
CTS Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.34%. CTS's dividend payout ratio (DPR) is presently 8.25%.
Insider Buying and Selling
In related news, CEO Kieran M. O'sullivan sold 6,690 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 375,643 shares in the company, valued at $20,972,148.69. The trade was a 1.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 59,956 shares of company stock valued at $3,331,185. Company insiders own 2.30% of the company's stock.
CTS Company Profile
(
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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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