CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets. It operates manufacturing facilities in North America, Asia and Europe. Its products perform specific electronic functions for a given product family and are intended for use in customer assemblies. The Company's products consist principally of sensors and actuators used in passenger or commercial vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications; switches and potentiometers supplied to multiple markets, and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Electronic Component
- Sub-Industry: Electronic Manufacturing Services
- Symbol: NYSE:CTS
- CUSIP: 12650110
- Web: www.ctscorp.com
Capitalization:- Market Cap: $757.46 million
- Outstanding Shares: 32,933,000
Average Prices:- 50 Day Moving Avg: $22.35
- 200 Day Moving Avg: $21.68
- 52 Week Range: $16.35 - $24.80
P/E:- Trailing P/E Ratio: 25.25
- Foreward P/E Ratio: 18.11
- P/E Growth: 1.78
Sales & Book Value:- Annual Revenue: $407.12 million
- Price / Sales: 1.86
- Book Value: $10.22 per share
- Price / Book: 2.25
Dividend:- Annual Dividend: $0.16
- Dividend Yield: 0.7%
Profitability:- EBIDTA: $76.03 million
- Net Margins: 7.49%
- Return on Equity: 11.54%
- Return on Assets: 7.08%
Debt:- Debt-to-Equity Ratio: 0.28%
- Current Ratio: 2.35%
- Quick Ratio: 1.97%
Misc:- Average Volume: 67,562 shs.
- Beta: 1.21
- Short Ratio: 4.68
Frequently Asked Questions for CTS Corporation (NYSE:CTS)
What is CTS Corporation's stock symbol?
CTS Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTS."
How often does CTS Corporation pay dividends? What is the dividend yield for CTS Corporation?
CTS Corporation declared a quarterly dividend on Wednesday, August 23rd. Shareholders of record on Friday, September 29th will be given a dividend of $0.04 per share on Friday, November 3rd. This represents a $0.16 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Thursday, September 28th. View CTS Corporation's Dividend History.
How were CTS Corporation's earnings last quarter?
CTS Corporation (NYSE:CTS) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $105.70 million for the quarter, compared to analysts' expectations of $103.31 million. CTS Corporation had a net margin of 7.49% and a return on equity of 11.54%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. View CTS Corporation's Earnings History.
When will CTS Corporation make its next earnings announcement?
What guidance has CTS Corporation issued on next quarter's earnings?
CTS Corporation updated its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $1.12-1.22 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.15. The company issued revenue guidance of $405-420 million, compared to the consensus revenue estimate of $413.58 million.
Where is CTS Corporation's stock going? Where will CTS Corporation's stock price be in 2017?
3 brokerages have issued twelve-month price objectives for CTS Corporation's shares. Their forecasts range from $23.00 to $26.00. On average, they anticipate CTS Corporation's share price to reach $24.50 in the next year. View Analyst Ratings for CTS Corporation.
Who are some of CTS Corporation's key competitors?
Some companies that are related to CTS Corporation include Methode Electronics (MEI), Kemet Corporation (KEM), Electro Scientific Industries (ESIO), NVE Corporation (NVEC), Bel Fuse (BELFB), Maxwell Technologies (MXWL), Active Energy Group PLC (AEG), Digital Power (DPW), DragonWave, Inc.(USA) (DRWI), E2V Technologies PLC (E2V), Novanta (GSIG) and Teliti International Ltd (TEL).
Who are CTS Corporation's key executives?
CTS Corporation's management team includes the folowing people:
- Kieran M. O'Sullivan, Chairman of the Board, President, Chief Executive Officer
- Ashish Agrawal, Chief Financial Officer, Vice President
- Luis Francisco Machado, Vice President, General Counsel, Secretary
- Walter S. Catlow, Independent Director
- Patricia K. Collawn, Independent Director
- Gordon B. Hunter, Independent Director
- William S. Johnson, Independent Director
- Diana Mather Murphy, Independent Director
Who owns CTS Corporation stock?
CTS Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (0.36%), Rhumbline Advisers (0.22%), Pinebridge Investments L.P. (0.16%), Wedge Capital Management L L P NC (0.13%), New York State Common Retirement Fund (0.10%) and Nationwide Fund Advisors (0.07%). Company insiders that own CTS Corporation stock include Ashish Agrawal and Kieran M O'sullivan. View Institutional Ownership Trends for CTS Corporation.
Who sold CTS Corporation stock? Who is selling CTS Corporation stock?
CTS Corporation's stock was sold by a variety of institutional investors in the last quarter, including Pinebridge Investments L.P., Rhumbline Advisers, Nationwide Fund Advisors and New York State Common Retirement Fund. View Insider Buying and Selling for CTS Corporation.
Who bought CTS Corporation stock? Who is buying CTS Corporation stock?
How do I buy CTS Corporation stock?
Shares of CTS Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CTS Corporation's stock price today?
One share of CTS Corporation stock can currently be purchased for approximately $23.00.
MarketBeat Community Rating for CTS Corporation (NYSE CTS)MarketBeat's community ratings are surveys of what our community members think about CTS Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for CTS Corporation (NYSE:CTS) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Hold Ratings, 1 Buy Rating |
| Consensus Rating: | Hold (Score: 2.33) |
| Consensus Price Target: | $24.50 (6.52% upside) |
Analysts' Ratings History for CTS Corporation (NYSE:CTS)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/8/2017 | HSBC Holdings plc | Downgrade | Buy -> Hold | | Low |  |
| 12/10/2016 | B. Riley | Reiterated Rating | Buy | $26.00 | N/A | |
| 11/28/2016 | Sidoti | Downgrade | Buy -> Neutral | $23.00 | N/A | |
(Data available from 9/20/2015 forward)
Earnings History for CTS Corporation (NYSE:CTS)Earnings History by Quarter for CTS Corporation (NYSE CTS)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | $0.29 | | | | | N/A | |
| 7/27/2017 | Q2 2017 | $0.28 | $0.28 | $103.31 million | $105.70 million | View | N/A | |
| 4/27/2017 | Q1 2017 | $0.26 | $0.26 | $100.72 million | $100.10 million | View | N/A | |
| 2/7/2017 | Q416 | $0.25 | $0.29 | $101.04 million | $101.60 million | View | Listen | |
| 10/28/2016 | Q316 | $0.15 | $0.28 | $97.54 million | $99.70 million | View | Listen | |
| 7/29/2016 | Q216 | $0.27 | $0.26 | $106.34 million | $98.70 million | View | Listen | |
| 5/3/2016 | Q116 | $0.22 | $0.26 | $94.40 million | $96.70 million | View | Listen | |
| 2/8/2016 | Q415 | $0.25 | $0.20 | $98.93 million | $93.30 million | View | Listen | |
| 10/26/2015 | Q315 | $0.23 | $0.23 | $98.78 million | $90.60 million | View | Listen | |
| 7/27/2015 | Q215 | $0.26 | $0.30 | $106.07 million | $100.10 million | View | Listen | |
| 4/27/2015 | Q115 | $0.20 | $0.20 | $100.70 million | $98.30 million | View | N/A | |
| 2/5/2015 | Q414 | $0.28 | $0.24 | $99.01 million | $100.40 million | View | N/A | |
| 10/27/2014 | Q314 | $0.24 | $0.29 | $154.60 million | $100.00 million | View | N/A | |
| 7/28/2014 | Q214 | $0.22 | $0.25 | $107.53 million | $103.00 million | View | N/A | |
| 4/28/2014 | Q1 | $0.19 | $0.19 | $103.95 million | $100.70 million | View | Listen | |
| 2/7/2014 | Q413 | $0.23 | $0.25 | $99.20 million | $102.40 million | View | Listen | |
| 10/29/2013 | Q313 | $0.23 | $0.24 | $156.60 million | $159.60 million | View | Listen | |
| 7/22/2013 | Q2 2013 | $0.18 | $0.20 | $155.90 million | $151.60 million | View | Listen | |
| 4/23/2013 | Q1 2013 | $0.14 | $0.10 | $165.60 million | $149.51 million | View | Listen | |
| 1/28/2013 | Q4 2012 | $0.24 | $0.18 | $142.82 million | $138.30 million | View | Listen | |
| 10/23/2012 | | $0.21 | $0.20 | | | View | N/A | |
| 7/23/2012 | | $0.16 | $0.18 | | | View | N/A | |
| 1/25/2012 | | $0.23 | $0.22 | | | View | N/A | |
| 10/25/2011 | | $0.16 | $0.17 | | | View | N/A | |
| 7/25/2011 | | $0.17 | $0.14 | | | View | N/A | |
| 4/26/2011 | | $0.16 | $0.15 | | | View | N/A | |
| 1/26/2011 | | $0.15 | $0.17 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for CTS Corporation (NYSE:CTS)2017 EPS Consensus Estimate: $1.13
2018 EPS Consensus Estimate: $1.31
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.25 | $0.27 | $0.26 |
| Q2 2017 | 2 | $0.28 | $0.28 | $0.28 |
| Q3 2017 | 2 | $0.27 | $0.31 | $0.29 |
| Q4 2017 | 2 | $0.29 | $0.30 | $0.30 |
| Q1 2018 | 2 | $0.30 | $0.31 | $0.31 |
| Q2 2018 | 2 | $0.32 | $0.33 | $0.33 |
| Q3 2018 | 2 | $0.33 | $0.33 | $0.33 |
| Q4 2018 | 1 | $0.35 | $0.35 | $0.35 |
| Q1 2019 | 1 | $0.31 | $0.31 | $0.31 |
| Q2 2019 | 1 | $0.36 | $0.36 | $0.36 |
(Data provided by Zacks Investment Research)
Current Dividend Information for CTS Corporation (NYSE:CTS)| Next Dividend: | 11/3/2017 |
| Annual Dividend: | $0.16 |
| Dividend Yield: | 0.70% |
| Dividend Growth: | 4.60% (3 Year Average) |
| Payout Ratio: | 17.58% (Trailing 12 Months of Earnings)
13.91% (Based on This Year's Estimates)
12.60% (Based on Next Year's Estimates)
|
| Track Record: | 3 Years of Consecutive Dividend Growth |
Dividend History by Quarter for CTS Corporation (NYSE CTS)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/23/2017 | quarterly | $0.04 | 0.74% | 9/28/2017 | 9/29/2017 | 11/3/2017 |
| 5/18/2017 | quarterly | $0.04 | 0.78% | 6/21/2017 | 6/23/2017 | 7/28/2017 |
| 2/9/2017 | quarterly | $0.04 | 0.69% | 3/15/2017 | 3/17/2017 | 4/28/2017 |
| 11/10/2016 | quarterly | $0.04 | 0.74% | 12/21/2016 | 12/23/2016 | 1/27/2017 |
| 8/26/2016 | quarterly | $0.04 | 0.83% | 9/21/2016 | 9/23/2016 | 10/28/2016 |
| 5/19/2016 | quarterly | $0.04 | 0.91% | 6/22/2016 | 6/24/2016 | 7/29/2016 |
| 2/11/2016 | quarterly | $0.04 | 1.19% | 3/22/2016 | 3/25/2016 | 4/29/2016 |
| 11/13/2015 | quarterly | $0.04 | 0.87% | 12/16/2015 | 12/18/2015 | 1/29/2016 |
| 8/26/2015 | quarterly | $0.04 | 0.88% | 9/23/2015 | 9/25/2015 | 10/30/2015 |
| 5/21/2015 | quarterly | $0.04 | 0.87% | 6/24/2015 | 6/26/2015 | 7/31/2015 |
| 2/11/2015 | quarterly | $0.04 | 0.95% | 3/25/2015 | 3/27/2015 | 5/1/2015 |
| 11/5/2014 | quarterly | $0.04 | 0.85% | 12/23/2014 | 12/26/2014 | 1/30/2015 |
| 8/27/2014 | quarterly | $0.04 | 0.9% | 9/24/2014 | 9/26/2014 | 10/31/2014 |
| 5/21/2014 | quarterly | $0.04 | 0.94% | 6/25/2014 | 6/27/2014 | 8/1/2014 |
| 2/12/2014 | quarterly | $0.04 | 0.85% | 3/26/2014 | 3/28/2014 | 5/2/2014 |
| 11/5/2013 | quarterly | $0.04 | 0.85% | 12/24/2013 | 12/27/2013 | 1/31/2014 |
| 8/28/2013 | quarterly | $0.04 | 1% | 9/25/2013 | 9/27/2013 | 11/1/2013 |
| 5/22/2013 | quarterly | $0.04 | 1.23% | 6/26/2013 | 6/28/2013 | 8/2/2013 |
| 3/13/2013 | quarterly | $0.04 | 1.32% | 3/26/2013 | 3/28/2013 | 5/3/2013 |
| 12/6/2012 | quarterly | $0.04 | | | 12/28/2012 | 2/1/2013 |
| 12/9/2012 | quarterly | $0.04 | 1.52% | 12/26/2012 | 12/28/2012 | 2/1/2013 |
(Data available from 1/1/2013 forward)
Headline Trends for CTS Corporation (NYSE:CTS)
Latest Headlines for CTS Corporation (NYSE:CTS)
| Source: |
|
| Date | Headline |
|---|
 | Endeavour Upsizes and Extends its RCF until 2021, Providing Significant Headroom to Fund Growth Projects
feeds.benzinga.com - September 19 at 3:05 PM |
| Cognizant (Nasdaq: CTSH) to Ring The Nasdaq Stock Market Closing Bell
feeds.benzinga.com - September 19 at 11:56 AM |
 | Automotive X-by-Wire Systems Market Report 2017-2027
www.thestreet.com - September 16 at 5:10 PM |
 | Financial Comparison: Novanta (GSIG) and CTS Corporation (CTS)
www.americanbankingnews.com - September 16 at 6:36 AM |
| Financial Analysis: CTS Corporation (CTS) vs. Its Peers
www.americanbankingnews.com - September 16 at 12:10 AM |
| CTS Corporation (CTS) & IPG Photonics Corporation (IPGP) Critical Review
www.americanbankingnews.com - September 12 at 2:32 PM |
| Critical Survey: CTS Corporation (CTS) and its Competitors
www.americanbankingnews.com - September 12 at 6:08 AM |
| CTS Corporation (CTS) vs. Kemet Corporation (KEM) Financial Contrast
www.americanbankingnews.com - September 10 at 8:32 AM |
 | CTS Corp. – Value Analysis (NYSE:CTS) : August 29, 2017
finance.yahoo.com - August 28 at 10:33 PM |
| Comparing CTS Corporation (CTS) and TE Connectivity (TEL)
www.americanbankingnews.com - August 27 at 2:26 PM |
 | Cubic Strengthens Business Development in Asia-Pacific Region with Appointment ...
www.prnewswire.com - August 24 at 12:41 AM |
 | Ex-Steeler added to Synovus board
www.bizjournals.com - August 24 at 12:41 AM |
 | CTS Corporation declares $0.04 dividend
seekingalpha.com - August 24 at 12:41 AM |
| CTS Corporation (CTS) to Issue $0.04 Quarterly Dividend
www.americanbankingnews.com - August 23 at 9:18 PM |
 | Form 8-K SYNOVUS FINANCIAL CORP For: Aug 17
www.streetinsider.com - August 22 at 11:14 PM |
| CTS Corp. breached its 50 day moving average in a Bearish Manner : CTS-US : August 21, 2017
finance.yahoo.com - August 21 at 5:21 PM |
| CTS Corporation (CTS) and IPG Photonics Corporation (IPGP) Financial Comparison
www.americanbankingnews.com - August 15 at 10:28 PM |
| Analyzing CTS Corporation (NYSE:CTS) and NVE Corporation (NVEC)
www.americanbankingnews.com - August 13 at 10:40 AM |
| ETFs with exposure to CTS Corp. : August 11, 2017
finance.yahoo.com - August 11 at 6:05 PM |
| Comparing Methode Electronics (MEI) and CTS Corporation (NYSE:CTS)
www.americanbankingnews.com - August 9 at 6:02 PM |
| Head-To-Head Contrast: CTS Corporation (CTS) and Methode Electronics (MEI)
www.americanbankingnews.com - August 6 at 6:10 PM |
| Head to Head Comparison: Methode Electronics (MEI) & CTS Corporation (NYSE:CTS)
www.americanbankingnews.com - August 6 at 7:10 AM |
| FY2017 EPS Estimates for CTS Corporation Cut by Analyst (CTS)
www.americanbankingnews.com - August 2 at 10:38 AM |
| Brokers Offer Predictions for CTS Corporation's Q3 2017 Earnings (CTS)
www.americanbankingnews.com - August 1 at 8:02 AM |
| CTS: Second quarter earnings were above expectations
finance.yahoo.com - July 31 at 5:30 PM |
| CTS: Second quarter earnings were above expectations
finance.yahoo.com - July 31 at 5:30 PM |
 | EARNINGS SUMMARY: Details of CTS Corp Q2 Earnings Report
www.rttnews.com - July 29 at 5:32 AM |
| CTS Corporation misses by $0.02, beats on revenue
seekingalpha.com - July 29 at 5:32 AM |
| CTS Corp. :CTS-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017
finance.yahoo.com - July 28 at 7:30 PM |
| Edited Transcript of CTS earnings conference call or presentation 27-Jul-17 3:00pm GMT
finance.yahoo.com - July 28 at 4:02 AM |
| CTS Announces Second Quarter 2017 Results
finance.yahoo.com - July 27 at 5:55 PM |
| Investor Network: CTS Corporation to Host Earnings Call
finance.yahoo.com - July 27 at 5:55 PM |
| CTS posts 2Q profit
finance.yahoo.com - July 27 at 5:55 PM |
| CTS Corporation (NYSE:CTS) Releases Quarterly Earnings Results, Meets Estimates
www.americanbankingnews.com - July 27 at 2:18 PM |
| CTS Corporation (NYSE:CTS) Updates FY17 Earnings Guidance
www.americanbankingnews.com - July 27 at 10:07 AM |
| CTS Corporation (NYSE:CTS) vs. AVX Corporation (AVX) Head-To-Head Contrast
www.americanbankingnews.com - July 25 at 9:09 AM |
| Analyzing CTS Corporation (NYSE:CTS) and Maxwell Technologies (MXWL)
www.americanbankingnews.com - July 19 at 8:51 AM |
| CTS Corporation Announces Dates for Second Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - July 14 at 3:27 PM |
| Benzinga's Option Alert Recap From July 13
feeds.benzinga.com - July 13 at 5:28 PM |
 | Cubic and Transport for New South Wales Launch First Trial of Open Payment Technology in Australia
www.businesswire.com - July 8 at 8:46 AM |
| CTS Corp. breached its 50 day moving average in a Bearish Manner : CTS-US : July 6, 2017
finance.yahoo.com - July 6 at 6:53 PM |
| CTS Corporation (CTS) and Maxwell Technologies (MXWL) Head-To-Head Contrast
www.americanbankingnews.com - June 27 at 12:40 AM |
| CTS Corp. breached its 50 day moving average in a Bearish Manner : CTS-US : June 22, 2017
finance.yahoo.com - June 22 at 10:36 AM |
 | Global Position Sensors Industry
www.marketwatch.com - June 21 at 5:51 PM |
| CTS Corp. : CTS-US: Dividend Analysis : June 23rd, 2017 (record date) : By the numbers : June 21, 2017
finance.yahoo.com - June 21 at 5:51 PM |
 | Medical Imaging Corp. Announces New Hospital Contract for ER Radiology Diagnosis
www.finanznachrichten.de - June 14 at 5:28 PM |
| Cubic Supports National Dump the Pump Day by American Public Transportation Association on June 15
www.businesswire.com - June 14 at 5:28 PM |
| CTS Co. (CTS) Cut to "Hold" at HSBC Holdings plc
www.americanbankingnews.com - June 8 at 3:28 PM |
| CurveBeam and Carestream Health Announce Collaboration to Promote Weight-Bearing CT Awareness and Research
www.bizjournals.com - June 6 at 4:48 PM |
| CTS Corp. – Value Analysis (NYSE:CTS) : June 2, 2017
finance.yahoo.com - June 2 at 6:06 PM |
CTS Corporation (CTS) Chart for Wednesday, September, 20, 2017
