CTS - CTS Stock Forecast, Price & News

4 Wall Street equities 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 equities research analysts is that investors should "buy" CTS shares.
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4 equities research analysts have issued 12 month target prices for CTS's shares. Their CTS share price forecasts range from $38.00 to $44.00. On average, they anticipate the company's stock price to reach $41.50 in the next twelve months. This suggests that the stock has a possible downside of 7.7%.
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 shares have increased by 14.1% and is now trading at $44.97.
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CTS saw a increase in short interest in February. As of February 28th, there was short interest totaling 641,400 shares, an increase of 16.2% from the February 13th total of 551,800 shares. Based on an average daily volume of 156,400 shares, the short-interest ratio is presently 4.1 days. Currently, 2.1% of the shares of the stock are short sold.
View CTS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our CTS earnings forecast.

CTS Co. (NYSE:CTS) released its quarterly earnings data on Tuesday, February, 7th. The electronics maker reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. The electronics maker earned $142.28 million during the quarter, compared to analyst estimates of $148.56 million. CTS had a net margin of 10.15% and a trailing twelve-month return on equity of 16.14%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS.

CTS declared a quarterly dividend on Thursday, February 9th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.04 per share on Friday, April 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, March 30th.
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), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Defiance Next Gen Connectivity ETF (FIVG) and First Trust Small Cap Growth AlphaDEX Fund (FYC).

CTS (NYSE:CTS) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.34%. The dividend payout ratio is 8.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTS will have a dividend payout ratio of 5.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTS.

CTS updated its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided earnings per share (EPS) guidance of $2.40-$2.70 for the period, compared to the consensus estimate of $2.64. The company issued revenue guidance of $580.00 million-$640.00 million, compared to the consensus revenue estimate of $620.62 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 a variety of retail and institutional investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (10.45%), Earnest Partners LLC (5.63%), Dimensional Fund Advisors LP (4.85%), Gamco Investors INC. ET AL (4.44%), Brown Advisory Inc. (4.26%) and Geode Capital Management LLC (1.97%). 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 $44.97.

CTS (NYSE:CTS) has a market capitalization of $1.42 billion and generates $586.87 million in revenue each year. The electronics maker earns $59.58 million in net income (profit) each year or $1.86 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.