CTS (NYSE:CTS) Releases Earnings Results

Key Points

• CTS reported earnings of $0.57 EPS, surpassing estimates of $0.55, with quarterly revenue reaching $135.30 million compared to expectations of $132.65 million.
• The company has updated its FY 2025 guidance to an EPS range of $2.200 to $2.350.
• CTS recently paid a quarterly dividend of $0.04, representing a 0.39% yield and an annual dividend of $0.16.

CTS (NYSE:CTS - Get Free Report) posted its quarterly earnings results on Thursday. The electronics maker reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.02, Zacks reports. CTS had a return on equity of 12.31% and a net margin of 12.32%. The business had revenue of $135.30 million for the quarter, compared to analysts' expectations of $132.65 million. During the same quarter in the prior year, the business earned $0.54 EPS. CTS updated its FY 2025 guidance to 2.200-2.350 EPS.

CTS Price Performance

Shares of NYSE CTS traded down $0.86 during mid-day trading on Wednesday, reaching $40.39. The company had a trading volume of 261,480 shares, compared to its average volume of 184,766. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.04 and a current ratio of 2.61. CTS has a one year low of $34.02 and a one year high of $59.68. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 19.05 and a beta of 0.80. The business's 50-day simple moving average is $41.90 and its 200 day simple moving average is $42.90.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, June 27th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, June 27th. CTS's payout ratio is currently 7.55%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On CTS

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in CTS by 11.2% in the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker's stock valued at $292,000 after acquiring an additional 710 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of 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 last quarter. Amundi increased its stake in shares of 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 last quarter. Finally, Jane Street Group LLC grew its position in CTS by 19.0% in the first quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker's stock valued at $2,480,000 after acquiring an additional 9,530 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

CTS Company Profile

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.