CTS (CTS) to Announce Earnings on Tuesday

CTS (NYSE:CTS) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect CTS to post earnings of $0.59 per share and revenue of $132,804.00 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

CTS (NYSE:CTS) last 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. CTS had a return on equity of 12.39% and a net margin of 11.66%. The business had revenue of $132.42 million during the quarter. During the same quarter in the previous year, the company earned $0.54 earnings per share.

CTS Price Performance

Shares of CTS stock opened at $51.09 on Tuesday. The business’s fifty day moving average price is $53.42 and its 200 day moving average price is $50.71. CTS has a twelve month low of $40.92 and a twelve month high of $59.68. The company has a current ratio of 2.46, a quick ratio of 1.91 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.54 billion, a P/E ratio of 26.33 and a beta of 0.60.

CTS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, December 27th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, December 27th. CTS’s dividend payout ratio is currently 8.25%.

Insider Activity at CTS

In other CTS news, CEO Kieran M. O’sullivan sold 31,978 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.81, for a total value of $1,784,692.18. Following the transaction, the chief executive officer now owns 423,665 shares in the company, valued at $23,644,743.65. The trade was a 7.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 59,956 shares of company stock worth $3,331,185. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CTS has been the subject of a number of research analyst reports. Scotiabank downgraded shares of CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. StockNews.com lowered shares of CTS from a “buy” rating to a “hold” rating in a research report on Friday.

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.