CTS - CTS Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CTS in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CTS shares.
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4 Wall Street analysts have issued 1 year price objectives for CTS's stock. Their CTS share price forecasts range from $34.00 to $43.00. On average, they anticipate the company's share price to reach $39.00 in the next twelve months. This suggests that the stock has a possible downside of 8.4%.
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CTS's stock was trading at $36.72 at the beginning of 2022. Since then, CTS stock has increased by 15.9% and is now trading at $42.57.
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CTS saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 568,400 shares, an increase of 14.2% from the August 31st total of 497,700 shares. Based on an average trading volume of 159,200 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.8% of the company's stock are sold short.
View CTS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our CTS earnings forecast.

CTS Co. (NYSE:CTS) released its quarterly earnings results on Tuesday, July, 26th. The electronics maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The electronics maker had revenue of $144.98 million for the quarter, compared to analysts' expectations of $146.18 million. CTS had a positive trailing twelve-month return on equity of 15.32% and a negative net margin of 4.00%. CTS's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share.

CTS announced a quarterly dividend on Wednesday, August 31st. Shareholders of record on Friday, September 30th will be paid a dividend of $0.04 per share on Friday, November 4th. This represents a $0.16 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, September 29th.
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 0.36%.
Read our dividend analysis for CTS.

CTS updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $2.40-$2.55 for the period, compared to the consensus EPS estimate of $2.50. The company issued revenue guidance of $570.00 million-$600.00 million, compared to the consensus revenue estimate of $583.13 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTS."

CTS's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Exchange Traded Concepts LLC (0.03%). Insiders that own company stock include Alfonso G Zulueta, Ashish Agrawal, Kieran M O'sullivan and Ye Jane Li.
View institutional ownership trends.

Shares of CTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CTS stock can currently be purchased for approximately $42.57.

CTS (NYSE:CTS) has a market capitalization of $1.36 billion and generates $512.92 million in revenue each year. The electronics maker earns $-41,870,000.00 in net income (profit) each year or ($0.67) on an earnings per share basis.

The company employs 3,820 workers across the globe.

CTS's mailing address is 4925 Indiana Avenue, Lisle IL, 60532. The official website for the company is www.ctscorp.com. The electronics maker can be reached via phone at (630) 577-8800 or via fax at 630-577-8894.