CTS (NYSE:CTS – Get Rating) announced its quarterly earnings results on Thursday. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.14, MarketWatch Earnings reports. The company had revenue of $147.70 million during the quarter, compared to the consensus estimate of $134.15 million. CTS had a positive return on equity of 13.80% and a negative net margin of 8.16%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. CTS updated its FY22 guidance to $2.20-2.45 EPS.
CTS opened at $34.66 on Friday. CTS has a 12-month low of $28.72 and a 12-month high of $39.49. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -26.87 and a beta of 0.71. The business has a 50 day moving average of $35.24 and a 200-day moving average of $35.12. The company has a quick ratio of 2.10, a current ratio of 2.53 and a debt-to-equity ratio of 0.11.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 22nd. Stockholders of record on Friday, March 18th were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. CTS’s payout ratio is -12.40%.
A number of research analysts recently issued reports on the company. TheStreet downgraded CTS from a “b-” rating to a “c” rating in a report on Tuesday. StockNews.com downgraded CTS from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Sidoti upgraded CTS from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Monday, January 31st. Finally, Zacks Investment Research raised CTS from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Friday, March 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $31.75.
About CTS (Get Rating)
CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides sensors and actuators for use in passenger or commercial vehicles; connectivity components for telecommunications infrastructure, information technology, and other high-speed applications; switches, temperature sensors, and potentiometers supplied to multiple markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.
- Get a free copy of the StockNews.com research report on CTS (CTS)
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
- O’Reilly Automotive Hits A Pothole
- There’s An Institutional Floor In Keurig Dr. Pepper
Receive News & Ratings for CTS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTS and related companies with MarketBeat.com's FREE daily email newsletter.