CTS Co. (NYSE:CTS - Get Free Report) declared a quarterly dividend on Monday, May 12th, RTT News reports. Investors of record on Friday, June 27th will be given a dividend of 0.04 per share by the electronics maker on Friday, July 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.38%.
CTS has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings.
CTS Stock Up 6.3%
NYSE:CTS traded up $2.51 during midday trading on Monday, reaching $42.42. The company had a trading volume of 293,950 shares, compared to its average volume of 157,874. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.33 and a beta of 0.76. The stock's fifty day simple moving average is $40.02 and its 200-day simple moving average is $47.51. CTS has a 12-month low of $34.02 and a 12-month high of $59.68. The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17.
CTS (NYSE:CTS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.05). The business had revenue of $125.77 million for the quarter, compared to analysts' expectations of $128.72 million. CTS had a return on equity of 12.67% and a net margin of 11.27%. On average, sell-side analysts anticipate that CTS will post 2.28 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded CTS from a "hold" rating to a "buy" rating in a research report on Monday, March 3rd.
Read Our Latest Research Report on CTS
About CTS
(
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CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.
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