CTS (CTS) Given Daily Coverage Optimism Score of 0.18
News headlines about CTS (NYSE:CTS) have been trending somewhat positive on Friday, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CTS earned a media sentiment score of 0.18 on Alpha One’s scale. Alpha One also assigned media coverage about the electronics maker an impact score of 82 out of 100, indicating that recent press coverage is very likely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Alpha One Sentiment’s rankings:
- First execution in Arkansas race to use up lethal injection drugs (theweek.co.uk)
- City of CT to close emergency water tenders (m.ewn.co.za)
- ‘Everything is on the table’ for Wisconsin transportation funding, Joint Finance co-chairs say (host.madison.com)
- CT State Rep. Staneski Supports Dyslexia Education Bill (patch.com)
- Asbestos verdict finds for plaintiff despite testimony from co-workers (dlnnews.com)
CTS (NYSE:CTS) traded down 0.72% on Friday, reaching $20.70. 65,538 shares of the company’s stock were exchanged. CTS has a 12-month low of $16.08 and a 12-month high of $24.80. The firm has a 50 day moving average of $21.20 and a 200-day moving average of $21.17. The company has a market cap of $678.17 million, a P/E ratio of 20.10 and a beta of 1.25.
CTS (NYSE:CTS) last posted its quarterly earnings results on Tuesday, February 7th. The electronics maker reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. The company had revenue of $101.60 million for the quarter, compared to the consensus estimate of $101.04 million. CTS had a net margin of 8.67% and a return on equity of 11.87%. CTS’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. Equities analysts expect that CTS will post $1.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, March 17th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, March 15th. CTS’s dividend payout ratio is presently 15.38%.
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CTS Company Profile
CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.
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