CTS Corp. (CTS) Scheduled to Post Quarterly Earnings on Tuesday
CTS Corp. (NYSE:CTS) will be announcing its Q1 earnings results on Tuesday, April 29th. Investors that wish to listen to the company’s conference call can do so using this link.
CTS Corp. (NYSE:CTS) last announced its earnings results on Friday, February 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $102.40 million for the quarter, compared to the consensus estimate of $99.20 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 35.3% on a year-over-year basis. On average, analysts expect CTS Corp. to post $0.99 EPS for the current fiscal year and $1.17 EPS for the next fiscal year.
Shares of CTS Corp. (NYSE:CTS) opened at 19.50 on Monday. CTS Corp. has a 52-week low of $10.15 and a 52-week high of $21.65. The stock has a 50-day moving average of $20.34 and a 200-day moving average of $19.11. The company’s market cap is $657.4 million.
A number of research firms have recently commented on CTS. Analysts at Sidoti downgraded shares of CTS Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, February 27th. Analysts at Zacks reiterated an “outperform” rating on shares of CTS Corp. in a research note on Tuesday, February 11th. They now have a $20.00 price target on the stock.
CTS Corporation (NYSE:CTS) is a global manufacturer of electronic components and sensors and a supplier of electronics manufacturing services.
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