CTS (CTS) to Release Earnings on Tuesday

CTS (NYSE:CTS) is expected to be releasing its earnings data before the market opens on Tuesday, February 4th. Analysts expect CTS to post earnings of $0.59 per share and revenue of $132.80 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

CTS Price Performance

Shares of CTS opened at $51.09 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91. The company’s 50-day moving average is $53.21 and its 200-day moving average is $50.65. CTS has a fifty-two week low of $40.96 and a fifty-two week high of $59.68. The firm has a market capitalization of $1.54 billion, a PE ratio of 26.34 and a beta of 0.60.

CTS Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, December 27th were paid a $0.04 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.31%. CTS’s dividend payout ratio (DPR) is presently 8.25%.

Insiders Place Their Bets

In other CTS news, CEO Kieran M. O’sullivan sold 6,690 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $55.83, for a total transaction of $373,502.70. Following the sale, the chief executive officer now directly owns 375,643 shares in the company, valued at $20,972,148.69. This represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 59,956 shares of company stock worth $3,331,185 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

CTS has been the topic of several research reports. Scotiabank downgraded shares of CTS from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of CTS from a “hold” rating to a “buy” rating in a research note on Saturday.

CTS Company Profile

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.