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NYSE:CTS

CTS - CTS Stock Forecast, Price & News

$42.57
-0.21 (-0.49%)
(As of 08/17/2022 12:40 PM ET)
Add
Compare
Today's Range
$42.25
$42.75
50-Day Range
$32.68
$42.78
52-Week Range
$28.72
$42.88
Volume
1,103 shs
Average Volume
146,503 shs
Market Capitalization
$1.36 billion
P/E Ratio
N/A
Dividend Yield
0.38%
Price Target
$39.00

CTS MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
8.1% Downside
$39.00 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.21mentions of CTS in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$145,560 Sold Last Quarter
Proj. Earnings Growth
12.50%
From $2.40 to $2.70 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.69 out of 5 stars

Computer And Technology Sector

578th out of 667 stocks

Printed Circuit Boards Industry

9th out of 9 stocks

CTS stock logo

About CTS (NYSE:CTS) Stock

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.

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CTS Stock News Headlines

TheStreet Upgrades CTS (NYSE:CTS) to B-
Stephens Boosts CTS (NYSE:CTS) Price Target to $41.00
CTS (NYSE:CTS) PT Raised to $38.00
CTS Announces Second Quarter 2022 Results
See More Headlines
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CTS Company Calendar

Ex-Dividend for 7/22 Dividend
6/16/2022
Ex-Dividend for 6/22 Dividend
6/16/2022
Dividend Payable
6/22/2022
Dividend Payable
7/22/2022
Last Earnings
7/26/2022
Today
8/17/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Printed circuit boards
Sub-Industry
Electronic Manufacturing Services
CUSIP
12650110
Employees
3,820
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$39.00
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
-8.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$-41,870,000.00
Pretax Margin
-5.92%

Debt

Sales & Book Value

Annual Sales
$512.92 million
Cash Flow
$1.96 per share
Book Value
$15.25 per share

Miscellaneous

Free Float
31,228,000
Market Cap
$1.36 billion
Optionable
Optionable
Beta
0.80














CTS Stock - Frequently Asked Questions

Should I buy or sell CTS stock right now?

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.
View CTS analyst ratings
or view top-rated stocks.

What is CTS's stock price forecast for 2022?

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%.
View analysts price targets for CTS
or view top-rated stocks among Wall Street analysts.

How have CTS shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is CTS's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our CTS earnings forecast
.

How were CTS's earnings last quarter?

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.

How often does CTS pay dividends? What is the dividend yield for CTS?

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
.

Is CTS a good dividend stock?

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.

What guidance has CTS issued on next quarter's earnings?

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.

What is Kieran O Sullivan's approval rating as CTS's CEO?

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.

What other stocks do shareholders of CTS own?

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).

What is CTS's stock symbol?

CTS trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTS."

Who are CTS's major shareholders?

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.
View institutional ownership trends
.

How do I buy shares of CTS?

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.
Compare Top Brokerages Here.

What is CTS's stock price today?

One share of CTS stock can currently be purchased for approximately $42.78.

How much money does CTS make?

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.

How many employees does CTS have?

The company employs 3,820 workers across the globe.

How can I contact CTS?

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.

This page (NYSE:CTS) was last updated on 8/17/2022 by MarketBeat.com Staff

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