CTS (CTS) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CTS in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CTS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CTS, but not buy additional shares or sell existing shares.
View CTS analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 1-year price targets for CTS's stock. Their CTS share price targets range from $39.00 to $46.00. On average, they predict the company's stock price to reach $43.67 in the next twelve months. This suggests that the stock has a possible downside of 15.4%.
View analysts price targets for CTS or view top-rated stocks among Wall Street analysts.

CTS's stock was trading at $43.74 at the beginning of the year. Since then, CTS shares have increased by 17.9% and is now trading at $51.59.
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CTS saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,200,000 shares, an increase of 5.3% from the April 15th total of 1,140,000 shares. Based on an average daily volume of 147,100 shares, the short-interest ratio is presently 8.2 days. Currently, 4.0% of the company's shares are short sold.
View CTS's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our CTS earnings forecast.

CTS Co. (NYSE:CTS) released its quarterly earnings results on Wednesday, May, 1st. The electronics maker reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. The electronics maker had revenue of $125.70 million for the quarter, compared to the consensus estimate of $126.75 million. CTS had a trailing twelve-month return on equity of 12.39% and a net margin of 10.06%. The firm's revenue for the quarter was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS.

CTS announced a quarterly dividend on Thursday, May 9th. Shareholders of record on Friday, June 28th will be given a dividend of $0.04 per share on Friday, July 26th. This represents a $0.16 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Friday, June 28th.
Read our dividend analysis for CTS.

CTS (NYSE:CTS) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.31%. The dividend payout ratio is 9.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTS will have a dividend payout ratio of 5.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTS.

ETFs with the largest weight of CTS (NYSE:CTS) stock in their portfolio include Defiance Next Gen Connectivity ETF (FIVG), Small Cap US Equity Select ETF (RNSC), Invesco S&P SmallCap Information Technology ETF (PSCT), AdvisorShares Insiders Advantage ETF (SURE) and Amplify Etho Climate Leadership U.S. ETF (ETHO).iShares Self-Driving EV and Tech ETF (IDRV).

CTS updated its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided EPS guidance of 2.100-2.350 for the period, compared to the consensus EPS estimate of 2.230. The company issued revenue guidance of $530.0 million-$570.0 million, compared to the consensus revenue estimate of $551.8 million.

12 employees have rated CTS Chief Executive Officer Kieran O Sullivan on Glassdoor.com. Kieran O Sullivan has an approval rating of 13% among the company's employees. This puts Kieran O Sullivan in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other CTS investors own include AT&T (T), Gilead Sciences (GILD), International Business Machines (IBM), Kohl's (KSS), SM Energy (SM), Allena Pharmaceuticals (ALNA), B&G Foods (BGS), British American Tobacco (BTI), Caterpillar (CAT) and eBay (EBAY).

CTS's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.11%), Wasatch Advisors LP (3.14%), Tributary Capital Management LLC (1.00%), Heartland Advisors Inc. (0.69%), Principal Financial Group Inc. (0.57%) and New York State Teachers Retirement System (0.20%). Insiders that own company stock include Ashish Agrawal, Kieran M O'sullivan and Ye Jane Li.
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Shares of CTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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