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QQQ   321.75
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
What to Expect from the Markets in a Recession
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
What to Expect from the Markets in a Recession
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
What to Expect from the Markets in a Recession
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
What to Expect from the Markets in a Recession
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
NYSE:CTS

CTS - CTS Stock Forecast, Price & News

$40.83
+0.08 (+0.20%)
(As of 08/5/2022 08:48 PM ET)
Add
Compare
Today's Range
$40.20
$41.02
50-Day Range
$32.68
$41.19
52-Week Range
$28.72
$41.77
Volume
130,100 shs
Average Volume
134,353 shs
Market Capitalization
$1.30 billion
P/E Ratio
N/A
Dividend Yield
0.39%
Price Target
$39.00

CTS MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
4.5% Downside
$39.00 Price Target
Short Interest
Healthy
1.59% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.62mentions of CTS in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$145,560 Sold Last Quarter
Proj. Earnings Growth
6.25%
From $2.40 to $2.55 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.87 out of 5 stars

Computer And Technology Sector

533rd out of 832 stocks

Printed Circuit Boards Industry

10th out of 16 stocks

CTS stock logo

About CTS (NYSE:CTS) Stock

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides sensors and actuators for use in passenger or commercial vehicles; connectivity components for telecommunications infrastructure, information technology, and other high-speed applications; switches, temperature sensors, and potentiometers supplied to multiple markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets. In addition, the company sells and markets its products through its sales engineers, independent manufacturers' representatives, and distributors. CTS Corporation was founded in 1896 and is headquartered in Lisle, Illinois.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CTS shares. Cowen increased their price target on shares of CTS to $38.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Stephens raised their price objective on CTS to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th. StockNews.com downgraded CTS from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 2nd. TheStreet cut CTS from a "b" rating to a "c" rating in a research report on Wednesday, June 22nd. Finally, Sidoti upgraded shares of CTS from a "neutral" rating to a "buy" rating and set a $43.00 price objective on the stock in a research report on Wednesday, July 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.80.

CTS Trading Up 0.2 %

Shares of NYSE:CTS traded up $0.08 during midday trading on Friday, reaching $40.83. 130,137 shares of the stock were exchanged, compared to its average volume of 133,517. The company has a current ratio of 2.41, a quick ratio of 1.86 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.30 billion, a P/E ratio of -60.94 and a beta of 0.80. The stock has a 50 day moving average price of $36.76 and a 200-day moving average price of $35.78. CTS has a 52-week low of $28.72 and a 52-week high of $41.77.

CTS (NYSE:CTS - Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The electronics maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $144.98 million during the quarter, compared to the consensus estimate of $146.18 million. CTS had a positive return on equity of 15.32% and a negative net margin of 4.00%. CTS's revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. Equities research analysts expect that CTS will post 2.4 earnings per share for the current fiscal year.

CTS Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, June 17th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, June 16th. CTS's dividend payout ratio is currently -23.88%.

Insider Transactions at CTS

In other news, Director Ye Jane Li sold 4,000 shares of the business's stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $36.39, for a total transaction of $145,560.00. Following the completion of the sale, the director now directly owns 7,800 shares of the company's stock, valued at approximately $283,842. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.22% of the company's stock.

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CTS Stock News Headlines

Stephens Boosts CTS (NYSE:CTS) Price Target to $41.00
CTS (NYSE:CTS) PT Raised to $38.00
CTS Announces Second Quarter 2022 Results
See More Headlines
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CTS Company Calendar

Ex-Dividend for 7/22 Dividend
6/16/2022
Ex-Dividend for 6/22 Dividend
6/16/2022
Dividend Payable
6/22/2022
Dividend Payable
7/22/2022
Last Earnings
7/26/2022
Today
8/08/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Printed circuit boards
Sub-Industry
Electronic Manufacturing Services
CUSIP
12650110
Employees
3,820
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$39.00
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
-4.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$-41,870,000.00
Pretax Margin
-5.92%

Debt

Sales & Book Value

Annual Sales
$512.92 million
Cash Flow
$1.97 per share
Book Value
$15.25 per share

Miscellaneous

Free Float
31,158,000
Market Cap
$1.30 billion
Optionable
Optionable
Beta
0.80














CTS Stock - Frequently Asked Questions

Should I buy or sell CTS stock right now?

4 Wall Street equities 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 equities research analysts is that investors should "buy" CTS stock.
View analyst ratings for CTS
or view top-rated stocks.

What is CTS's stock price forecast for 2022?

4 Wall Street research analysts have issued 12 month price objectives for CTS's stock. Their CTS stock forecasts range from $34.00 to $43.00. On average, they predict CTS's share price to reach $39.00 in the next twelve months. This suggests that the stock has a possible downside of 4.5%.
View analysts' price targets for CTS
or view top-rated stocks among Wall Street analysts.

How has CTS's stock price performed in 2022?

CTS's stock was trading at $36.72 at the beginning of the year. Since then, CTS shares have increased by 11.2% and is now trading at $40.83.
View the best growth stocks for 2022 here
.

When is CTS's next earnings date?

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

How were CTS's earnings last quarter?

CTS Co. (NYSE:CTS) released its quarterly earnings data on Tuesday, July, 26th. The electronics maker reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The electronics maker earned $144.98 million during 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%. The business's quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share.

How often does CTS pay dividends? What is the dividend yield for CTS?

CTS declared a quarterly dividend on Monday, May 16th. Shareholders of record on Friday, June 17th will be given a dividend of $0.04 per share on Friday, July 22nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Thursday, June 16th.
View CTS's dividend history
.

Is CTS a good dividend stock?

CTS(NYSE:CTS) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.39%.
View CTS's dividend history.

What guidance has CTS issued on next quarter's earnings?

CTS issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $2.40-$2.55 for the period, compared to the consensus earnings per share 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.

What is Kieran O Sullivan's approval rating as CTS's CEO?

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

What other stocks do shareholders of CTS own?

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).

What is CTS's stock symbol?

CTS trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTS."

Who are CTS's major shareholders?

CTS's stock is owned by many different institutional and retail investors. Top institutional investors include Brown Advisory Inc. (4.00%), Royce & Associates LP (1.27%), Tributary Capital Management LLC (1.15%), Chartwell Investment Partners LLC (1.11%), Assenagon Asset Management S.A. (0.29%) and Envestnet Asset Management Inc. (0.20%). Company insiders that own CTS stock include Alfonso G Zulueta, Ashish Agrawal, Kieran M O'sullivan and Ye Jane Li.
View institutional ownership trends for CTS
.

How do I buy shares of CTS?

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.
Compare Top Brokerages Here.

What is CTS's stock price today?

One share of CTS stock can currently be purchased for approximately $40.83.

How much money does CTS make?

CTS (NYSE:CTS) has a market capitalization of $1.30 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.

How many employees does CTS have?

CTS employs 3,820 workers across the globe.

How can I contact CTS?

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

This page (NYSE:CTS) was last updated on 8/8/2022 by MarketBeat.com Staff

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