CTS Corporation (NYSE:CTS) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.13-1.18 for the period, compared to the Thomson Reuters consensus estimate of $1.14. The company issued revenue guidance of $415-420 million, compared to the consensus revenue estimate of $419.80 million.
Shares of CTS Corporation (CTS) remained flat at $$26.20 on Friday. The stock had a trading volume of 41,100 shares, compared to its average volume of 74,257. The company has a market capitalization of $862.95, a price-to-earnings ratio of 22.98 and a beta of 1.13. CTS Corporation has a 12 month low of $19.30 and a 12 month high of $27.55. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.28 and a quick ratio of 1.93.
CTS Corporation (NYSE:CTS) last released its quarterly earnings results on Thursday, October 26th. The electronics maker reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $106.20 million for the quarter, compared to analyst estimates of $105.56 million. CTS Corporation had a net margin of 8.79% and a return on equity of 11.47%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 earnings per share. analysts expect that CTS Corporation will post 1.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 2nd. Stockholders of record on Friday, December 29th will be given a $0.04 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.61%. CTS Corporation’s dividend payout ratio is presently 14.68%.
Separately, BidaskClub upgraded shares of CTS Corporation from a sell rating to a hold rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. CTS Corporation presently has an average rating of Hold and a consensus price target of $24.50.
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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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