CTS Corporation (CTS) Releases FY17 Earnings Guidance

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.

Earnings History and Estimates for CTS Corporation (NYSE:CTS)

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