CTS (NYSE:CTS) Updates FY 2025 Earnings Guidance

CTS (NYSE:CTS) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.200-2.350 for the period, compared to the consensus 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.

CTS Trading Down 3.6 %

Shares of NYSE:CTS traded down $1.78 during mid-day trading on Tuesday, reaching $47.49. The stock had a trading volume of 55,606 shares, compared to its average volume of 127,771. The firm has a 50 day simple moving average of $53.21 and a two-hundred day simple moving average of $50.65. The company has a current ratio of 2.46, a quick ratio of 1.91 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.43 billion, a PE ratio of 24.48 and a beta of 0.59. CTS has a twelve month low of $40.96 and a twelve month high of $59.68.

CTS (NYSE:CTS) last released its earnings results on Tuesday, February 4th. The electronics maker reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06). CTS had a net margin of 11.66% and a return on equity of 12.39%. On average, research analysts predict that CTS will post 2.15 EPS for the current fiscal year.

CTS Announces Dividend

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CEO Kieran M. O’sullivan sold 6,690 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was 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. This trade represents a 1.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 59,956 shares of company stock worth $3,331,185 in the last 90 days. Insiders own 2.30% of the company’s stock.

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.