CTS (CTS) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CTS in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities 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.
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2 brokerages have issued 1 year price targets for CTS's stock. Their CTS share price forecasts range from $41.00 to $44.00. On average, they predict the company's share price to reach $42.50 in the next twelve months. This suggests a possible upside of 4.6% from the stock's current price.
View analysts price targets for CTS or view top-rated stocks among Wall Street analysts.

CTS's stock was trading at $39.42 at the beginning of the year. Since then, CTS shares have increased by 3.1% and is now trading at $40.6450.
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CTS saw a increase in short interest in September. As of September 15th, there was short interest totaling 548,400 shares, an increase of 7.8% from the August 31st total of 508,500 shares. Based on an average daily volume of 177,900 shares, the days-to-cover ratio is currently 3.1 days. Approximately 1.8% of the company's shares are sold short.
View CTS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our CTS earnings forecast.

CTS Co. (NYSE:CTS) released its quarterly earnings results on Tuesday, July, 25th. The electronics maker reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.04. The electronics maker earned $145.20 million during the quarter, compared to analysts' expectations of $146.23 million. CTS had a trailing twelve-month return on equity of 14.92% and a net margin of 9.90%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share.

CTS declared a quarterly dividend on Thursday, August 17th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.04 per share on Friday, October 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for CTS.

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

CTS (NYSE:CTS) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.39%. The dividend payout ratio is 8.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTS will have a dividend payout ratio of 6.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTS.

CTS issued an update on its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of $2.20-$2.40 for the period, compared to the consensus earnings per share estimate of $2.39. The company issued revenue guidance of $565.00 million-$585.00 million, compared to the consensus revenue estimate of $598.62 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.91%), Earnest Partners LLC (5.91%), Dimensional Fund Advisors LP (4.76%), Gamco Investors INC. ET AL (4.46%), Brown Advisory Inc. (3.85%) and State Street Corp (3.48%). Insiders that own company stock include 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 $40.65.

CTS (NYSE:CTS) has a market capitalization of $1.27 billion and generates $585.37 million in revenue each year. The electronics maker earns $59.58 million in net income (profit) each year or $1.83 on an earnings per share basis.

The company employs 4,209 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.