NYSE:CTSCTS Stock Price, Forecast & News

CTS's stock was trading at $23.18 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CTS stock has decreased by 7.9% and is now trading at $21.34. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CTS in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CTS.

CTS is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for CTS.

CTS Co. (NYSE:CTS) posted its earnings results on Thursday, April, 23rd. The electronics maker reported $0.19 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.14 by $0.05. The electronics maker had revenue of $103.10 million for the quarter, compared to the consensus estimate of $94.17 million. CTS had a net margin of 6.28% and a return on equity of 10.31%. The business's quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. View CTS's earnings history.

CTS announced a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, June 19th will be given a dividend of $0.04 per share on Friday, July 24th. This represents a $0.16 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, June 18th. View CTS's dividend history.

CTS updated its first quarter earnings guidance on Thursday, March, 5th. The company provided EPS guidance of $0.15-0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.29. The company issued revenue guidance of $95-105 million, compared to the consensus revenue estimate of $111.83 million.

2 Wall Street analysts have issued 12 month price objectives for CTS's stock. Their forecasts range from $25.00 to $33.00. On average, they expect CTS's stock price to reach $29.00 in the next twelve months. This suggests a possible upside of 35.9% from the stock's current price. View analysts' price targets for CTS.

News coverage about CTS stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. CTS earned a news impact score of 2.0 on InfoTrie's scale. They also assigned news articles about the electronics maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutCTS.

CTS saw a increase in short interest in April. As of April 30th, there was short interest totaling 599,400 shares, an increase of 15.9% from the April 15th total of 517,000 shares. Based on an average daily trading volume, of 142,200 shares, the short-interest ratio is currently 4.2 days. Currently, 1.9% of the shares of the stock are short sold. View CTS's Current Options Chain.

Some companies that are related to CTS include Trimble (TRMB), IPG Photonics (IPGP), Mercury Systems (MRCY), Jabil (JBL), Fabrinet (FN), Plexus (PLXS), Sanmina (SANM), KEMET (KEM), TTM Technologies (TTMI), Methode Electronics (MEI), Benchmark Electronics (BHE), Park Electrochemical (PKE), Key Tronic (KTCC) and Neonode (NEON). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other CTS investors own include AT&T (T), Gilead Sciences (GILD), IBM (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 investors include BlackRock Inc. (15.44%), Wellington Management Group LLP (8.97%), Gamco Investors INC. ET AL (6.33%), State Street Corp (3.26%), Janus Henderson Group PLC (3.16%) and Victory Capital Management Inc. (2.33%). Company insiders that own CTS stock include Alfonso G Zulueta, Ashish Agrawal and Kieran M O'sullivan. View institutional ownership trends for CTS.

CTS stock was sold by a variety of institutional investors in the last quarter, including Public Employees Retirement Association of Colorado, Public Employees Retirement Association of Colorado, ArrowMark Colorado Holdings LLC, BlackRock Inc., Morgan Stanley, Morgan Stanley, Citigroup Inc., and AQR Capital Management LLC. View insider buying and selling activity for CTS.

CTS stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Wellington Management Group LLP, State Street Corp, JPMorgan Chase & Co., Squarepoint Ops LLC, Geode Capital Management LLC, Grantham Mayo Van Otterloo & Co. LLC, and First Trust Advisors LP. Company insiders that have bought CTS stock in the last two years include Alfonso G Zulueta, and Ashish Agrawal. View insider buying and selling activity for CTS.

Shares of CTS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CTS stock can currently be purchased for approximately $21.34.

CTS has a market capitalization of $688.43 million and generates $469 million in revenue each year. The electronics maker earns $36.15 million in net income (profit) each year or $1.45 on an earnings per share basis. CTS employs 3,570 workers across the globe.

The official website for CTS is www.ctscorp.com.

CTS's mailing address is 4925 Indiana Avenue, Lisle IL, 60532. The electronics maker can be reached via phone at 630-577-8800.