CTS Corporation (CTS) Scheduled to Post Earnings on Thursday
CTS Corporation (NYSE:CTS) will be posting its quarterly earnings results before the market opens on Thursday, October 26th. Analysts expect CTS Corporation to post earnings of $0.29 per share for the quarter. CTS Corporation has set its FY17 guidance at $1.12-1.22 EPS.
CTS Corporation (NYSE:CTS) last posted its quarterly earnings data on Thursday, July 27th. The electronics maker reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. CTS Corporation had a return on equity of 11.54% and a net margin of 7.49%. The business had revenue of $105.70 million for the quarter, compared to the consensus estimate of $103.31 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. CTS Corporation’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts expect CTS Corporation to post $1.14 EPS for the current fiscal year and $1.27 EPS for the next fiscal year.
CTS Corporation (NYSE CTS) opened at 25.70 on Thursday. The company has a 50-day moving average price of $23.91 and a 200 day moving average price of $22.13. CTS Corporation has a 1-year low of $16.35 and a 1-year high of $25.95. The stock has a market cap of $846.38 million, a P/E ratio of 28.21 and a beta of 1.22.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 3rd. Stockholders of record on Friday, September 29th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Thursday, September 28th. CTS Corporation’s dividend payout ratio is presently 17.58%.
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Separately, BidaskClub cut shares of CTS Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $24.50.
About CTS Corporation
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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