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.
CTS Stock Performance
NYSE:CTS traded down $0.38 during trading hours on Wednesday, hitting $42.40. 50 shares of the company were exchanged, compared to its average volume of 146,503. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -63.85 and a beta of 0.80. CTS has a 52-week low of $28.72 and a 52-week high of $42.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.41 and a quick ratio of 1.86. The company's 50 day moving average price is $36.92 and its 200-day moving average price is $36.21.
CTS (NYSE:CTS - Get Rating) last released its earnings results on Tuesday, July 26th. The electronics maker reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $144.98 million for the quarter, compared to the consensus estimate of $146.18 million. CTS had a negative net margin of 4.00% and a positive return on equity of 15.32%. CTS's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, research analysts forecast that CTS will post 2.4 earnings per share for the current year.
Analysts Set New Price Targets
CTS has been the subject of several recent research reports. StockNews.com lowered shares of CTS from a "strong-buy" rating to a "buy" rating in a report on Friday, August 12th. TheStreet raised shares of CTS from a "c" rating to a "b-" rating in a research report on Wednesday, August 10th. Sidoti raised 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. Cowen lifted their price objective on shares of CTS to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. Finally, Stephens lifted their price objective on shares of CTS to $41.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $33.80.
Insiders Place Their Bets
In other CTS news, Director Ye Jane Li sold 4,000 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 7,800 shares of the company's stock, valued at approximately $283,842. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.