CTS (NYSE:CTS) Issues FY 2025 Earnings Guidance

CTS (NYSE:CTS - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.200-2.350 for the period, compared to the consensus estimate of 2.200. The company issued revenue guidance of $520.0 million-$550.0 million, compared to the consensus revenue estimate of $533.2 million.

CTS Price Performance

NYSE:CTS traded up $0.31 during trading hours on Monday, reaching $41.74. 75,682 shares of the company were exchanged, compared to its average volume of 182,313. The company has a market capitalization of $1.25 billion, a P/E ratio of 19.69 and a beta of 0.80. CTS has a 1-year low of $34.02 and a 1-year high of $59.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.61 and a quick ratio of 2.04. The business has a 50 day moving average of $41.94 and a 200 day moving average of $42.97.

CTS (NYSE:CTS - Get Free Report) last issued its earnings results on Thursday, July 24th. The electronics maker reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The firm had revenue of $135.30 million for the quarter, compared to the consensus estimate of $132.65 million. CTS had a return on equity of 12.31% and a net margin of 12.32%. During the same quarter last year, the business posted $0.54 EPS. Research analysts forecast that CTS will post 2.28 EPS for the current year.

CTS Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, June 27th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Friday, June 27th. CTS's payout ratio is presently 7.55%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On CTS

A number of institutional investors and hedge funds have recently made changes to their positions in CTS. Royal Bank of Canada grew its holdings in shares of CTS by 11.2% during the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker's stock worth $292,000 after acquiring an additional 710 shares during the period. Amundi increased its holdings in shares of CTS by 9.7% in the 1st quarter. Amundi now owns 11,542 shares of the electronics maker's stock worth $480,000 after purchasing an additional 1,019 shares in the last quarter. AQR Capital Management LLC increased its holdings 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 worth $398,000 after purchasing an additional 1,558 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 worth $744,000 after purchasing an additional 785 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 worth $2,921,000 after purchasing an additional 7,144 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

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.