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 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CTS shares.
View CTS analyst ratings or view top-rated stocks.

4 brokers have issued 1 year price targets for CTS's shares. Their CTS share price forecasts range from $38.00 to $44.00. On average, they anticipate the company's share price to reach $41.50 in the next twelve months. This suggests that the stock has a possible downside of 10.8%.
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 2023. Since then, CTS stock has increased by 18.0% and is now trading at $46.51.
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CTS saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,040,000 shares, an increase of 31.1% from the April 15th total of 793,300 shares. Based on an average daily trading volume, of 166,700 shares, the short-interest ratio is currently 6.2 days. Currently, 3.4% 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 Tuesday, July 25th 2023.
View our CTS earnings forecast.

CTS Co. (NYSE:CTS) released its quarterly earnings data on Thursday, April, 27th. The electronics maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.02. The electronics maker earned $145.99 million during the quarter, compared to analysts' expectations of $142.89 million. CTS had a trailing twelve-month return on equity of 15.45% and a net margin of 9.86%. The firm's revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 earnings per share.

CTS announced a quarterly dividend on Thursday, May 11th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.04 per share on Friday, July 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, June 29th.
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), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap Momentum ETF (XSMO), First Trust Small Cap Growth AlphaDEX Fund (FYC), Defiance Next Gen Connectivity ETF (FIVG), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and Pacer US Small Cap Cash Cows 100 ETF (CALF).

CTS (NYSE:CTS) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.35%. The dividend payout ratio is 8.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTS will have a dividend payout ratio of 5.61% 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 Thursday, April, 27th. The company provided earnings per share guidance of $2.40-$2.70 for the period, compared to the consensus earnings per share estimate of $2.66. The company issued revenue guidance of $580.00 million-$640.00 million, compared to the consensus revenue estimate of $616.03 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.10%), Brown Advisory Inc. (4.78%), Dimensional Fund Advisors LP (4.73%), Gamco Investors INC. ET AL (4.45%), State Street Corp (3.38%) and Wellington Management Group LLP (3.33%). 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 $46.51.

CTS (NYSE:CTS) has a market capitalization of $1.47 billion and generates $585.17 million in revenue each year. The electronics maker earns $59.58 million in net income (profit) each year or $1.81 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.