CTS (CTS) to Release Earnings on Tuesday

CTS (NYSE:CTS - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 29th. CTS has set its FY24 guidance at $2.05-2.25 EPS and its FY 2024 guidance at 2.050-2.250 EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

CTS (NYSE:CTS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. CTS had a net margin of 10.70% and a return on equity of 11.98%. The company had revenue of $130.16 million during the quarter, compared to the consensus estimate of $133.33 million. During the same period in the prior year, the company earned $0.59 EPS. CTS's revenue was down 10.3% on a year-over-year basis.

CTS Price Performance

Shares of NYSE CTS traded down $0.03 during midday trading on Tuesday, reaching $47.18. The company's stock had a trading volume of 57,900 shares, compared to its average volume of 148,770. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 27.75 and a beta of 0.57. CTS has a one year low of $35.50 and a one year high of $55.47. The company has a current ratio of 3.41, a quick ratio of 2.85 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average price of $47.68 and a 200 day moving average price of $49.07.

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, September 27th will be given a dividend of $0.04 per share. The ex-dividend date is Friday, September 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.34%. CTS's dividend payout ratio (DPR) is presently 9.41%.

Analyst Ratings Changes

Separately, StockNews.com raised CTS from a "hold" rating to a "buy" rating in a report on Thursday, October 10th.

CTS Company Profile

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.