CTS (NYSE:CTS) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

CTS (NYSE:CTS) released its earnings results on Tuesday. The electronics maker reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06), Zacks reports. CTS had a net margin of 11.66% and a return on equity of 12.39%. CTS updated its FY 2025 guidance to 2.200-2.350 EPS.

CTS Stock Down 4.4 %

Shares of NYSE CTS opened at $47.09 on Wednesday. The stock has a fifty day moving average price of $52.94 and a 200 day moving average price of $50.58. The company has a market cap of $1.42 billion, a P/E ratio of 24.27 and a beta of 0.59. CTS has a 12-month low of $40.96 and a 12-month high of $59.68. The company has a current ratio of 2.46, a quick ratio of 1.91 and a debt-to-equity ratio of 0.19.

CTS Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, December 27th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.34%. CTS’s dividend payout ratio (DPR) is 8.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com upgraded CTS from a “hold” rating to a “buy” rating in a report on Saturday. Scotiabank downgraded CTS from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th.

Insiders Place Their Bets

In other news, CEO Kieran M. O’sullivan sold 12,794 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $55.50, for a total transaction of $710,067.00. Following the transaction, the chief executive officer now directly owns 400,456 shares of the company’s stock, valued at approximately $22,225,308. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 59,956 shares of company stock worth $3,331,185 over the last quarter. 2.30% of the stock is owned by corporate insiders.

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.