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

Shares of CTS Co. (NYSE:CTS) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokers have set a twelve-month consensus price objective of $28.00 for the company and are anticipating that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CTS an industry rank of 210 out of 265 based on the ratings given to related companies.

Separately, ValuEngine lowered CTS from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th.

Institutional investors and hedge funds have recently modified their holdings of the business. Neuberger Berman Group LLC acquired a new position in CTS in the third quarter valued at approximately $209,000. SG Americas Securities LLC acquired a new position in CTS in the third quarter valued at approximately $387,000. Finally, Wedge Capital Management L L P NC lifted its stake in CTS by 35.6% in the third 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 buying an additional 15,800 shares during the period. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

CTS (NYSE:CTS) traded up $0.85 during trading on Friday, hitting $27.70. The company had a trading volume of 74,300 shares, compared to its average volume of 72,400. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.93 and a current ratio of 2.28. The firm has a market capitalization of $884.36, a price-to-earnings ratio of 25.41 and a beta of 1.14. CTS has a one year low of $19.30 and a one year high of $28.35.

CTS (NYSE:CTS) last posted its quarterly earnings data on Thursday, October 26th. The electronics maker reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The company had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.56 million. CTS had a return on equity of 11.47% and a net margin of 8.79%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share. analysts predict that CTS will post 1.13 EPS for the current year.

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

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About CTS

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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