CTS Co. (NYSE:CTS) declared a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Shareholders of record on Friday, March 15th will be given a dividend of 0.04 per share by the electronics maker on Friday, April 19th. This represents a $0.16 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, March 14th.
CTS has raised its dividend by an average of 10.1% annually over the last three years. CTS has a payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CTS to earn $1.75 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 9.1%.
CTS stock traded up $0.72 during trading on Monday, hitting $29.59. 155,824 shares of the company’s stock traded hands, compared to its average volume of 157,526. CTS has a 52 week low of $24.07 and a 52 week high of $39.20. The company has a quick ratio of 1.88, a current ratio of 2.30 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $955.31 million, a P/E ratio of 19.34 and a beta of 1.32.
CTS (NYSE:CTS) last released its quarterly earnings data on Tuesday, February 5th. The electronics maker reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. CTS had a net margin of 9.89% and a return on equity of 14.09%. The business had revenue of $120.10 million during the quarter, compared to analyst estimates of $117.00 million. During the same quarter last year, the business earned $0.39 earnings per share. CTS’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, analysts anticipate that CTS will post 1.6 EPS for the current year.
Separately, ValuEngine downgraded shares of CTS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th.
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CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace, defense, communications, industrial, information technology, medical, and transportation markets. The company offers sensors and actuators used in passenger or consumer vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets.
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