CTS (CTS) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CTS in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CTS, but not buy additional shares or sell existing shares.
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3 Wall Street research analysts have issued 12 month price objectives for CTS's stock. Their CTS share price targets range from $39.00 to $46.00. On average, they anticipate the company's stock price to reach $43.67 in the next year. This suggests that the stock has a possible downside of 2.1%.
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CTS's stock was trading at $43.74 on January 1st, 2024. Since then, CTS stock has increased by 1.9% and is now trading at $44.59.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our CTS earnings forecast.

CTS will be holding an earnings conference call on Wednesday, May 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

CTS Co. (NYSE:CTS) released its quarterly earnings data on Tuesday, February, 6th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The electronics maker earned $124.69 million during the quarter, compared to analyst estimates of $124.51 million. CTS had a net margin of 11.00% and a trailing twelve-month return on equity of 13.41%. The firm's revenue was down 12.4% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share.

CTS announced a quarterly dividend on Thursday, February 8th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.04 per share on Friday, April 26th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for CTS.

CTS (NYSE:CTS) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.37%. The dividend payout ratio is 8.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTS will have a dividend payout ratio of 5.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTS.

ETFs with the largest weight of CTS (NYSE:CTS) stock in their portfolio include Defiance Next Gen Connectivity ETF (FIVG), Small Cap US Equity Select ETF (RNSC), AdvisorShares Insiders Advantage ETF (SURE) and Invesco S&P SmallCap Information Technology ETF (PSCT).iShares Self-Driving EV and Tech ETF (IDRV).

CTS issued an update on its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (EPS) guidance of 2.100-2.350 for the period, compared to the consensus earnings per share estimate of 2.290. The company issued revenue guidance of $530.0 million-$570.0 million, compared to the consensus revenue estimate of $550.4 million.

12 employees have rated CTS Chief Executive Officer Kieran O Sullivan on Glassdoor.com. Kieran O Sullivan has an approval rating of 13% among the company's employees. This puts Kieran O Sullivan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other CTS investors own include AT&T (T), Gilead Sciences (GILD), International Business Machines (IBM), Kohl's (KSS), SM Energy (SM), Allena Pharmaceuticals (ALNA), B&G Foods (BGS), British American Tobacco (BTI), Caterpillar (CAT) and eBay (EBAY).

CTS's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (3.14%), Tributary Capital Management LLC (1.00%), Annex Advisory Services LLC (0.07%), Sage Investment Advisers LLC (0.04%), Azzad Asset Management Inc. ADV (0.04%) and Perpetual Ltd (0.01%). Insiders that own company stock include Ashish Agrawal, Kieran M O'sullivan and Ye Jane Li.
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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.
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