CTS - CTS Stock Forecast, Price & News

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.