CTS (NYSE:CTS) Updates FY 2025 Earnings Guidance

CTS (NYSE:CTS) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.200-2.350 for the period, compared to the consensus earnings per share estimate of 2.370. The company issued revenue guidance of $520.0 million-$550.0 million, compared to the consensus revenue estimate of $551.6 million.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com raised CTS from a “hold” rating to a “buy” rating in a report on Saturday. Scotiabank lowered shares of CTS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th.

CTS Price Performance

CTS stock traded down $1.78 during mid-day trading on Tuesday, hitting $47.49. 55,606 shares of the stock were exchanged, compared to its average volume of 127,771. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 24.48 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 debt-to-equity ratio of 0.19, a current ratio of 2.46 and a quick ratio of 1.91. The business has a fifty day moving average price of $53.21 and a 200 day moving average price of $50.65.

CTS (NYSE:CTS) last announced its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). CTS had a net margin of 11.66% and a return on equity of 12.39%. On average, sell-side analysts anticipate that CTS will post 2.15 EPS for the current year.

CTS Dividend Announcement

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

Insider Activity at CTS

In other news, CEO Kieran M. O’sullivan sold 6,690 shares of CTS stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $55.83, for a total value of $373,502.70. Following the completion of the sale, the chief executive officer now directly owns 375,643 shares in the company, valued at $20,972,148.69. The trade was a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 59,956 shares of company stock valued at $3,331,185. 2.30% of the stock is owned by 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.