Brokerages Expect CTS Co. (CTS) to Post $0.29 EPS

Analysts forecast that CTS Co. (NYSE:CTS) will report $0.29 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for CTS’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.28. CTS also reported earnings per share of $0.29 during the same quarter last year. The firm is scheduled to report its next quarterly earnings results before the market opens on Tuesday, February 6th.

On average, analysts expect that CTS will report full year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.15. For the next financial year, analysts forecast that the firm will post earnings of $1.28 per share, with EPS estimates ranging from $1.25 to $1.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow CTS.

CTS (NYSE:CTS) last announced its quarterly earnings results on Thursday, October 26th. The electronics maker reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. CTS had a return on equity of 11.47% and a net margin of 8.79%. The business had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.56 million. During the same period last year, the business posted $0.28 EPS. The business’s revenue was up 6.5% compared to the same quarter last year.

Separately, ValuEngine downgraded CTS from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.

Several large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its holdings in shares of CTS by 5.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 160,295 shares of the electronics maker’s stock valued at $4,128,000 after acquiring an additional 8,061 shares during the period. Wedge Capital Management L L P NC increased its holdings in shares of CTS by 35.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 60,150 shares of the electronics maker’s stock valued at $1,450,000 after acquiring an additional 15,800 shares during the period. SG Americas Securities LLC purchased a new position in shares of CTS in the 3rd quarter valued at $387,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of CTS in the 3rd quarter valued at $209,000. Institutional investors and hedge funds own 93.82% of the company’s stock.

Shares of CTS (NYSE CTS) traded up $0.32 during trading hours on Friday, hitting $27.80. The stock had a trading volume of 82,739 shares, compared to its average volume of 85,017. CTS has a twelve month low of $19.30 and a twelve month high of $28.35. The stock has a market cap of $915.65, a P/E ratio of 25.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.28 and a quick ratio of 1.93.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, December 29th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%. CTS’s dividend payout ratio is presently 14.68%.

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CTS Company Profile

CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.

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Earnings History and Estimates for CTS (NYSE:CTS)

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