CTS (NYSE:CTS) Issues FY 2025 Earnings Guidance

CTS (NYSE:CTS - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 2.200-2.350 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

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

CTS Trading Down 1.5%

Shares of CTS stock traded down $0.62 on Friday, hitting $41.38. The company had a trading volume of 367,114 shares, compared to its average volume of 256,743. The firm has a market cap of $1.23 billion, a P/E ratio of 19.52 and a beta of 0.80. The stock's 50-day moving average is $41.94 and its two-hundred day moving average is $43.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.05 and a current ratio of 2.61. CTS has a twelve month low of $34.02 and a twelve month high of $59.68.

CTS (NYSE:CTS - Get Free Report) last released its earnings results on Thursday, July 24th. The electronics maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $135.30 million during the quarter, compared to analysts' expectations 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 firm posted $0.54 earnings per share. On average, equities research analysts anticipate that CTS will post 2.28 earnings per share for the current fiscal year.

CTS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, June 27th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.39%. CTS's dividend payout ratio is presently 8.08%.

Institutional Trading of CTS

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its position in CTS by 11.2% in the first quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker's stock worth $292,000 after buying an additional 710 shares during the last quarter. AQR Capital Management LLC lifted its stake in CTS by 19.4% during the first 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 during the last quarter. Amundi lifted its stake in CTS by 9.7% during the first quarter. Amundi now owns 11,542 shares of the electronics maker's stock worth $480,000 after purchasing an additional 1,019 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 acquiring an additional 785 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of CTS by 19.0% in the 1st 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 currently 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.