CTS (NYSE:CTS) Announces Quarterly Earnings Results

CTS (NYSE:CTS) released its quarterly earnings results on Tuesday. The electronics maker reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.06), Zacks reports. CTS had a return on equity of 12.39% and a net margin of 11.66%. CTS updated its FY 2025 guidance to 2.200-2.350 EPS.

CTS Stock Performance

Shares of NYSE CTS traded down $1.38 during mid-day trading on Tuesday, hitting $47.89. The company had a trading volume of 8,340 shares, compared to its average volume of 125,432. CTS has a 12 month low of $40.96 and a 12 month high of $59.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91. The firm has a market cap of $1.44 billion, a P/E ratio of 24.37 and a beta of 0.59. The business’s 50-day simple moving average is $53.21 and its 200-day simple moving average is $50.65.

CTS Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, December 27th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.33%. CTS’s payout ratio is 8.25%.

Insider Buying and Selling at CTS

In other news, CEO Kieran M. O’sullivan sold 6,690 shares of CTS stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $55.83, for a total transaction of $373,502.70. Following the sale, the chief executive officer now directly owns 375,643 shares in the company, valued at approximately $20,972,148.69. The trade was a 1.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 59,956 shares of company stock valued at $3,331,185 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CTS. StockNews.com raised shares of CTS from a “hold” rating to a “buy” rating in a research report on Saturday. Scotiabank downgraded CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th.

CTS Company Profile

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.