CTS (CTS) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CTS in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CTS, but not buy additional shares or sell existing shares.
View CTS analyst ratings or view top-rated stocks.

3 equities research analysts have issued 1 year price objectives for CTS's shares. Their CTS share price targets range from $39.00 to $46.00. On average, they anticipate the company's stock price to reach $43.67 in the next twelve months. This suggests that the stock has a possible downside of 11.9%.
View analysts price targets for CTS or view top-rated stocks among Wall Street analysts.

CTS's stock was trading at $43.74 on January 1st, 2024. Since then, CTS shares have increased by 13.4% and is now trading at $49.59.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our CTS earnings forecast.

CTS Co. (NYSE:CTS) issued its earnings results on Wednesday, May, 1st. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06. The electronics maker earned $125.70 million during the quarter, compared to analyst estimates of $126.75 million. CTS had a trailing twelve-month return on equity of 12.39% and a net margin of 10.06%. The business's revenue was down 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share.

CTS declared a quarterly dividend on Thursday, February 8th. Investors of record on Thursday, March 28th will be given a dividend of $0.04 per share on Friday, April 26th. This represents a $0.16 annualized dividend and a yield of 0.32%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for CTS.

CTS (NYSE:CTS) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.33%. The dividend payout ratio is 9.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTS will have a dividend payout ratio of 5.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTS.

ETFs with the largest weight of CTS (NYSE:CTS) stock in their portfolio include Defiance Next Gen Connectivity ETF (FIVG), Small Cap US Equity Select ETF (RNSC), AdvisorShares Insiders Advantage ETF (SURE) and Invesco S&P SmallCap Information Technology ETF (PSCT).iShares Self-Driving EV and Tech ETF (IDRV).

CTS updated its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of 2.100-2.350 for the period, compared to the consensus EPS estimate of 2.230. The company issued revenue guidance of $530.0 million-$570.0 million, compared to the consensus revenue estimate of $551.8 million.

12 employees have rated CTS Chief Executive Officer Kieran O Sullivan on Glassdoor.com. Kieran O Sullivan has an approval rating of 13% among the company's employees. This puts Kieran O Sullivan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other CTS investors own include AT&T (T), Gilead Sciences (GILD), International Business Machines (IBM), Kohl's (KSS), SM Energy (SM), Allena Pharmaceuticals (ALNA), B&G Foods (BGS), British American Tobacco (BTI), Caterpillar (CAT) and eBay (EBAY).

CTS's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wasatch Advisors LP (3.14%), Tributary Capital Management LLC (1.00%), Principal Financial Group Inc. (0.57%), New York State Teachers Retirement System (0.20%), BNP Paribas Financial Markets (0.09%) and Annex Advisory Services LLC (0.07%). Insiders that own company stock include Ashish Agrawal, Kieran M O'sullivan and Ye Jane Li.
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Shares of CTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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