CTS Co. Declares Quarterly Dividend of $0.04 (CTS)
CTS (NYSE:CTS) announced a quarterly dividend on Wednesday, August 27th, Analyst Ratings Network reports. Shareholders of record on Friday, September 26th will be paid a dividend of 0.04 per share on Friday, October 31st. This represents a $0.16 annualized dividend and a dividend yield of 0.89%.
CTS (NYSE:CTS) traded down 0.50% on Wednesday, hitting $17.92. The stock had a trading volume of 26,907 shares. CTS has a 52 week low of $13.65 and a 52 week high of $21.65. The stock’s 50-day moving average is $18.04 and its 200-day moving average is $18.80. The company has a market cap of $602.2 million and a P/E ratio of 40.65.
CTS (NYSE:CTS) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.01. The company had revenue of $103.00 million for the quarter, compared to the consensus estimate of $107.53 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that CTS will post $0.96 EPS for the current fiscal year.
CTS Corporation (NYSE:CTS) is a global manufacturer of electronic components and sensors and a supplier of electronics manufacturing services.
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