FY2018 EPS Estimates for CTS Co. (CTS) Boosted by Gabelli

CTS Co. (NYSE:CTS) – Analysts at Gabelli increased their FY2018 earnings per share estimates for shares of CTS in a note issued to investors on Wednesday. Gabelli analyst H. Susanto now forecasts that the electronics maker will post earnings of $1.34 per share for the year, up from their prior forecast of $1.25. Gabelli also issued estimates for CTS’s FY2019 earnings at $1.55 EPS, FY2020 earnings at $1.65 EPS, FY2021 earnings at $1.75 EPS and FY2022 earnings at $1.85 EPS.

CTS (NYSE:CTS) last issued its earnings results on Tuesday, February 6th. The electronics maker reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.09. The business had revenue of $110.90 million for the quarter, compared to analyst estimates of $106.82 million. CTS had a net margin of 3.42% and a return on equity of 12.16%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS.

Separately, ValuEngine downgraded shares of CTS from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.

Shares of CTS (CTS) traded down $0.60 during trading hours on Thursday, hitting $25.60. 53,103 shares of the company were exchanged, compared to its average volume of 95,362. The company has a current ratio of 2.28, a quick ratio of 1.93 and a debt-to-equity ratio of 0.22. CTS has a twelve month low of $19.30 and a twelve month high of $28.45. The company has a market cap of $884.36, a P/E ratio of 59.42 and a beta of 1.25.

Large investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC bought a new stake in shares of CTS during the 3rd quarter valued at about $209,000. Teacher Retirement System of Texas bought a new stake in shares of CTS during the 4th quarter valued at about $280,000. SG Americas Securities LLC bought a new stake in shares of CTS during the 3rd quarter valued at about $387,000. Bessemer Group Inc. bought a new stake in shares of CTS during the 4th quarter valued at about $533,000. Finally, First Trust Advisors LP grew its position in shares of CTS by 14.1% during the 4th quarter. First Trust Advisors LP now owns 29,611 shares of the electronics maker’s stock valued at $762,000 after buying an additional 3,660 shares during the last quarter. 93.85% of the stock is owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, March 16th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.63%. CTS’s dividend payout ratio is presently 37.21%.

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CTS 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.

Earnings History and Estimates for CTS (NYSE:CTS)

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