CTS - CTS Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CTS in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CTS shares.
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4 brokerages have issued twelve-month price objectives for CTS's stock. Their CTS share price forecasts range from $34.00 to $43.00. On average, they expect the company's share price to reach $39.00 in the next twelve months. This suggests that the stock has a possible downside of 8.8%.
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CTS's stock was trading at $36.72 at the beginning of the year. Since then, CTS shares have increased by 16.5% and is now trading at $42.78.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our CTS earnings forecast.

CTS Co. (NYSE:CTS) released its quarterly earnings data on Tuesday, July, 26th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.01. The electronics maker had revenue of $144.98 million for the quarter, compared to analysts' expectations of $146.18 million. CTS had a negative net margin of 4.00% and a positive trailing twelve-month return on equity of 15.32%. The company's quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share.

CTS announced a quarterly dividend on Monday, May 16th. Shareholders of record on Friday, June 17th will be paid a dividend of $0.04 per share on Friday, July 22nd. This represents a $0.16 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, June 16th.
Read our dividend analysis for CTS.

CTS (NYSE:CTS) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.38%.
Read our dividend analysis for CTS.

CTS issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $2.40-$2.55 for the period, compared to the consensus earnings per share estimate of $2.50. The company issued revenue guidance of $570.00 million-$600.00 million, compared to the consensus revenue estimate of $583.13 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 Price T Rowe Associates Inc. MD (9.89%), Gamco Investors INC. ET AL (4.62%), Brown Advisory Inc. (4.00%), State Street Corp (3.44%), Franklin Resources Inc. (2.71%) and London Co. of Virginia (1.69%). Insiders that own company stock include Alfonso G Zulueta, Ashish Agrawal, Kieran M O'sullivan and Ye Jane Li.
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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 $42.78.

CTS (NYSE:CTS) has a market capitalization of $1.36 billion and generates $512.92 million in revenue each year. The electronics maker earns $-41,870,000.00 in net income (profit) each year or ($0.67) on an earnings per share basis.

The company employs 3,820 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.