CTS Corporation (CTS) to Issue Quarterly Dividend of $0.04 on July 24th

CTS Corporation (NYSE:CTS) announced a quarterly dividend on Thursday, May 14th. Investors of record on Friday, June 26th will be paid a dividend of 0.04 per share by the electronics maker on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, June 26th.

CTS has a payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CTS to earn $2.89 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 5.5%.

CTS Trading Down 3.6%

NYSE:CTS opened at $65.84 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 2.52 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $61.04 and its two-hundred day moving average is $53.14. CTS has a 52 week low of $36.03 and a 52 week high of $68.59. The company has a market cap of $1.88 billion, a PE ratio of 28.14, a P/E/G ratio of 1.76 and a beta of 1.04.

CTS (NYSE:CTS) last issued its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. CTS had a return on equity of 12.90% and a net margin of 12.46%.The business had revenue of $139.23 million during the quarter, compared to the consensus estimate of $136.83 million. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. On average, analysts predict that CTS will post 2.43 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on CTS. Weiss Ratings restated a “hold (c+)” rating on shares of CTS in a research report on Tuesday, May 26th. Zacks Research raised CTS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, CTS currently has an average rating of “Buy”.

About CTS

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.