Shares of CTS Co. (NYSE:CTS) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokers have set a twelve-month consensus target price of $28.00 for the company and are anticipating that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned CTS an industry rank of 142 out of 265 based on the ratings given to related companies.
Separately, ValuEngine upgraded shares of CTS from a “hold” rating to a “buy” rating in a report on Wednesday.
CTS (NYSE:CTS) traded up $0.10 during trading on Friday, hitting $26.50. 14,407 shares of the stock traded hands, compared to its average volume of 87,764. The company has a quick ratio of 1.92, a current ratio of 2.28 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $854.75, a PE ratio of 61.40 and a beta of 1.28. CTS has a twelve month low of $19.30 and a twelve month high of $28.45.
CTS (NYSE:CTS) last posted its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.09. The business had revenue of $110.90 million during the quarter, compared to analysts’ expectations of $106.82 million. CTS had a net margin of 3.42% and a return on equity of 12.16%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. equities research analysts forecast that CTS will post 1.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, March 16th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, March 15th. CTS’s dividend payout ratio (DPR) is presently 37.21%.
Institutional investors have recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC boosted its holdings in CTS by 20.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 998,581 shares of the electronics maker’s stock worth $25,713,000 after buying an additional 169,340 shares in the last quarter. BlackRock Inc. boosted its holdings in CTS by 3.9% during the fourth quarter. BlackRock Inc. now owns 4,175,414 shares of the electronics maker’s stock worth $107,517,000 after buying an additional 157,654 shares in the last quarter. Martingale Asset Management L P bought a new stake in CTS during the fourth quarter worth approximately $1,376,000. Deutsche Bank AG boosted its holdings in CTS by 13.2% during the fourth quarter. Deutsche Bank AG now owns 336,358 shares of the electronics maker’s stock worth $8,659,000 after buying an additional 39,223 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in CTS by 224.7% during the fourth quarter. Arizona State Retirement System now owns 55,359 shares of the electronics maker’s stock worth $1,425,000 after buying an additional 38,312 shares in the last quarter. Institutional investors and hedge funds own 94.52% of the company’s stock.
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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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