CTS (CTS) to Release Earnings on Thursday

CTS (NYSE:CTS - Get Free Report) is expected to post its Q2 2025 quarterly earnings results before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $0.55 per share and revenue of $132.65 million for the quarter. CTS has set its FY 2025 guidance at 2.200-2.350 EPS.

CTS (NYSE:CTS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $0.44 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.05). The company had revenue of $125.77 million during the quarter, compared to the consensus estimate of $128.72 million. CTS had a net margin of 11.70% and a return on equity of 12.32%.

CTS Stock Up 1.1%

CTS traded up $0.44 during trading on Thursday, hitting $41.94. The company had a trading volume of 335,771 shares, compared to its average volume of 174,176. The company has a market capitalization of $1.25 billion, a PE ratio of 21.18 and a beta of 0.80. CTS has a one year low of $34.02 and a one year high of $59.68. The firm's 50-day moving average price is $42.07 and its 200 day moving average price is $43.63. The company has a quick ratio of 2.05, a current ratio of 2.63 and a debt-to-equity ratio of 0.16.

CTS Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, June 27th will be paid a $0.04 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.16 annualized dividend and a yield of 0.38%. CTS's payout ratio is currently 8.08%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of CTS from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th.

Institutional Investors Weigh In On CTS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTS. Royal Bank of Canada grew its stake in CTS by 11.2% in the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker's stock valued at $292,000 after buying an additional 710 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in CTS by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker's stock valued at $744,000 after purchasing an additional 785 shares during the period. Amundi boosted its holdings in CTS by 9.7% in the 1st quarter. Amundi now owns 11,542 shares of the electronics maker's stock valued at $480,000 after purchasing an additional 1,019 shares during the period. AQR Capital Management LLC boosted its holdings in CTS by 19.4% in the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker's stock valued at $398,000 after purchasing an additional 1,558 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in CTS by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker's stock valued at $2,921,000 after purchasing an additional 7,144 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

About CTS

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.