Brokerages predict that CTS Co. (NYSE:CTS) will report earnings of $0.31 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for CTS’s earnings. CTS reported earnings of $0.39 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 20.5%. The business is scheduled to issue its next earnings report on Tuesday, February 5th.

According to Zacks, analysts expect that CTS will report full-year earnings of $1.51 per share for the current fiscal year. For the next year, analysts expect that the firm will post earnings of $1.60 per share, with EPS estimates ranging from $1.55 to $1.65. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow CTS.

CTS (NYSE:CTS) last issued its quarterly earnings data on Thursday, October 25th. The electronics maker reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $118.86 million during the quarter. CTS had a return on equity of 14.11% and a net margin of 3.33%.

Separately, ValuEngine lowered CTS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th.

CTS traded down $0.89 on Monday, hitting $27.96. The company had a trading volume of 126,043 shares, compared to its average volume of 190,292. The firm has a market cap of $933.05 million, a P/E ratio of 18.67 and a beta of 1.36. CTS has a 12-month low of $25.08 and a 12-month high of $39.20. The company has a current ratio of 2.26, a quick ratio of 1.86 and a debt-to-equity ratio of 0.13.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Friday, December 28th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $0.16 annualized dividend and a yield of 0.57%. CTS’s dividend payout ratio is currently 13.01%.

In related news, CEO Kieran M. O’sullivan sold 10,000 shares of CTS stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $36.42, for a total value of $364,200.00. Following the completion of the transaction, the chief executive officer now owns 400,401 shares in the company, valued at $14,582,604.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.86% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in CTS by 6.5% in the third quarter. BlackRock Inc. now owns 4,882,534 shares of the electronics maker’s stock worth $167,471,000 after acquiring an additional 298,042 shares in the last quarter. PNC Financial Services Group Inc. grew its position in CTS by 10.3% in the third quarter. PNC Financial Services Group Inc. now owns 24,921 shares of the electronics maker’s stock worth $856,000 after acquiring an additional 2,318 shares in the last quarter. Bank of New York Mellon Corp grew its position in CTS by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 477,787 shares of the electronics maker’s stock worth $16,388,000 after acquiring an additional 11,887 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in CTS by 187.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 37,884 shares of the electronics maker’s stock worth $1,299,000 after purchasing an additional 24,700 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in CTS in the third quarter worth about $140,000. Institutional investors own 94.25% of the company’s stock.

About CTS

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace, defense, communications, industrial, information technology, medical, and transportation markets. The company offers sensors and actuators used in passenger or consumer vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets.

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