CTS (CTS) Stock Price, News & Analysis

Company Overview

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. In addition, the company offers flow meters, hydrophones, non-destructive testing, sonar, ultrasonic imaging, piezoelectric materials, piezoelectric sense products, and bulk products. Further, it provides eMobility, chassis, current sensors, clutch, brake, position sensors, stroke sensor, seating, speed, throttle, transmission, turbo, temperature sensors, and technical related products. Additionally, the company offers DIP, rotary selector, tactile, rotary DIP, and toggle switches, as well as provides transducer related products. Furthermore, it provides EMI, RFI, and RFI products; specialty and resistors; and frequency control products. The company sells and markets its products through its sales engineers, independent manufacturer representatives, and distributors. CTS Corporation was founded in 1896 and is based in Lisle, Illinois.

Key Stats

• Today's Range: $53.24 to $53.92
• 50-Day Range: $44.90 to $59.05
• 52-Week Range: $38.49 to $59.68
• Volume: 14,072 shs
• Average Volume: 149,432 shs
• Market Capitalization: $1.62 billion
• P/E Ratio: 27.68
• Dividend Yield: 0.30%
• Price Target: $46.00
• Consensus Rating: Hold

CTS Stock Analysis - MarketRank™

CTS scored higher than 60% of companies evaluated by MarketBeat, and ranked 362nd out of 656 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

CTS has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

CTS has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of CTS is 27.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.96.

Price to Earnings Ratio vs. Sector

The P/E ratio of CTS is 27.60, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 241.48.

Price to Book Value per Share Ratio

CTS has a P/B Ratio of 3.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.42% of the float of CTS has been sold short.

Short Interest Ratio / Days to Cover

CTS has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in CTS has recently decreased by 8.26%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

CTS has a dividend yield of 0.30%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

CTS does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of CTS is 8.25%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: 2.7 / 5
• Environmental Score: -2.14

Percentage of Shares Shorted

2.42% of the float of CTS has been sold short.

Short Interest Ratio / Days to Cover

CTS has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in CTS has recently decreased by 8.26%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.44

News Sentiment

CTS has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for CTS this week, compared to 7 articles on an average week.

MarketBeat Follows

1 people have added CTS to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CTS insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.00% of the stock of CTS is held by insiders.

Percentage Held by Institutions

96.87% of the stock of CTS is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CTS Stock Analysis - Frequently Asked Questions

How have CTS shares performed this year?

CTS's stock was trading at $43.74 at the start of the year. Since then, CTS stock has increased by 22.4% and is now trading at $53.55.
View the best growth stocks for 2024 here.

How were CTS's earnings last quarter?

CTS Co. (NYSE:CTS) released its quarterly earnings data on Tuesday, October, 29th. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. The electronics maker had revenue of $132.42 million for the quarter. CTS had a net margin of 11.66% and a trailing twelve-month return on equity of 12.39%.

Who are CTS's major shareholders?

CTS's top institutional shareholders include Wasatch Advisors LP (6.62%), State Street Corp (3.82%), Geode Capital Management LLC (2.68%) and Wellington Management Group LLP (2.33%). Insiders that own company stock include Kieran M O'sullivan, Ashish Agrawal and Martin Baumeister.
View institutional ownership trends.

How do I buy shares of CTS?

Shares of CTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CTS own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CTS investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Ex-Dividend for 10/25 Dividend: 9/27/2024
• Dividend Payable: 10/25/2024
• Last Earnings: 10/29/2024
• Today: 11/18/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Printed circuit boards
• Sub-Industry: Electronic Manufacturing Services
• Current Symbol: NYSE:CTS
• CUSIP: 12650110
• CIK: 26058
• Web: www.ctscorp.com
• Phone: (630) 577-8800
• Fax: 630-577-8894
• Employees: 4,081
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $46.00
• High Stock Price Target: $46.00
• Low Stock Price Target: $46.00
• Potential Upside/Downside: -14.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.94
• Trailing P/E Ratio: 27.60
• Forward P/E Ratio: 24.91
• P/E Growth: N/A
• Net Income: $60.53 million
• Net Margins: 11.66%
• Pretax Margin: 13.94%
• Return on Equity: 12.39%
• Return on Assets: 8.71%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 2.46
• Quick Ratio: 1.91

Sales & Book Value

• Annual Sales: $513.03 million
• Price / Sales: 3.14
• Cash Flow: $3.19 per share
• Price / Cash Flow: 16.78
• Book Value: $17.63 per share
• Price / Book: 3.04

Miscellaneous

• Outstanding Shares: 30,116,000
• Free Float: 29,514,000
• Market Cap: $1.61 billion
• Optionable: Optionable
• Beta: 0.58