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.
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%.
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.
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