Q3 2018 EPS Estimates for CTS Co. Increased by Analyst (CTS)

CTS Co. (NYSE:CTS) – Analysts at Zacks Investment Research raised their Q3 2018 earnings estimates for CTS in a research note issued to investors on Tuesday. Zacks Investment Research analyst I. Gilson now forecasts that the electronics maker will earn $0.34 per share for the quarter, up from their previous estimate of $0.33. Zacks Investment Research also issued estimates for CTS’s Q1 2019 earnings at $0.33 EPS.

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

CTS (NYSE:CTS) traded down $0.20 during midday trading on Thursday, reaching $26.00. The company had a trading volume of 23,426 shares, compared to its average volume of 94,464. CTS has a 52 week low of $19.30 and a 52 week high of $28.45. The company has a market cap of $884.36, a P/E ratio of 60.93 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.28 and a quick ratio of 1.93.

CTS (NYSE:CTS) last released its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $0.39 EPS for the quarter, topping the consensus estimate of $0.30 by $0.09. CTS had a return on equity of 12.16% and a net margin of 3.42%. The company had revenue of $110.90 million during the quarter, compared to the consensus estimate of $106.82 million. During the same period last year, the company earned $0.29 EPS. CTS’s revenue for the quarter was up 9.2% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.62%. CTS’s dividend payout ratio is currently 37.21%.

Several institutional investors have recently added to or reduced their stakes in CTS. Arizona State Retirement System grew its stake in shares of CTS by 224.7% during the 4th quarter. Arizona State Retirement System now owns 55,359 shares of the electronics maker’s stock valued at $1,425,000 after purchasing an additional 38,312 shares during the period. Bessemer Group Inc. bought a new position in CTS in the 4th quarter valued at $533,000. SG Americas Securities LLC bought a new position in CTS in the 3rd quarter valued at $387,000. Wedge Capital Management L L P NC grew its position in CTS by 35.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 60,150 shares of the electronics maker’s stock valued at $1,450,000 after acquiring an additional 15,800 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in CTS by 26.1% in the 4th quarter. Wells Fargo & Company MN now owns 73,080 shares of the electronics maker’s stock valued at $1,882,000 after acquiring an additional 15,119 shares during the last quarter. Institutional investors and hedge funds own 93.85% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://sportsperspectives.com/2018/02/09/q3-2018-eps-estimates-for-cts-co-increased-by-analyst-cts.html.

About CTS

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)

Receive News & Ratings for CTS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTS and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply