News headlines about CTS Corporation (NYSE:CTS) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CTS Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media coverage about the electronics maker an impact score of 47.1917650566814 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- X-By-Wire Systems Market to Develop Rapidly by 2022 (openpr.com)
- Cognizant Tops The List of Recruiters Across Top 26 B-schools of India in 2017 (india.com)
- In-depth overview of global automotive hydraulic actuators market made available by top research firm (whatech.com)
- X By Wire Systems Market to Witness Growth Acceleration Forecast to 2020 (mynewsdesk.com)
- Global tactile switches industry report 2012-2017 published by leading research firm (whatech.com)
CTS Corporation (NYSE:CTS) traded down 1.14% on Friday, hitting $21.75. 74,661 shares of the stock traded hands. The company has a market cap of $716.29 million, a price-to-earnings ratio of 23.87 and a beta of 1.23. The stock has a 50-day moving average price of $22.11 and a 200 day moving average price of $21.70. CTS Corporation has a 1-year low of $16.35 and a 1-year high of $24.80.
CTS Corporation (NYSE:CTS) last released its quarterly earnings results on Thursday, July 27th. The electronics maker reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. CTS Corporation had a net margin of 7.49% and a return on equity of 11.54%. The firm had revenue of $105.70 million during the quarter, compared to analyst estimates of $103.31 million. During the same quarter last year, the business earned $0.26 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. On average, analysts anticipate that CTS Corporation will post $1.15 EPS for the current fiscal year.
Several equities research analysts have commented on CTS shares. BidaskClub downgraded shares of CTS Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. HSBC Holdings plc downgraded shares of CTS Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $24.50.
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CTS Corporation Company Profile
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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