CTS (NYSE:CTS) will post its quarterly earnings results before the market opens on Thursday, July 26th. Analysts expect CTS to post earnings of $0.32 per share for the quarter. CTS has set its FY18 guidance at $1.32-1.44 EPS.
CTS (NYSE:CTS) last announced its earnings results on Thursday, April 26th. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $113.50 million for the quarter, compared to analyst estimates of $105.06 million. CTS had a return on equity of 12.69% and a net margin of 4.01%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 earnings per share. On average, analysts expect CTS to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of CTS opened at $36.90 on Thursday, according to Marketbeat Ratings. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 30.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.00 and a current ratio of 2.37. CTS has a 52-week low of $21.30 and a 52-week high of $39.20.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Friday, June 22nd will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Thursday, June 21st. CTS’s payout ratio is 13.01%.
CTS Company Profile
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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