CTS (NYSE:CTS) Updates FY 2026 Earnings Guidance

CTS (NYSE:CTS) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.550-2.700 for the period, compared to the consensus estimate of 2.430. The company issued revenue guidance of $565.0 million-$585.0 million, compared to the consensus revenue estimate of $571.1 million.

CTS Price Performance

CTS traded up $1.64 during trading on Thursday, reaching $63.17. 38,761 shares of the company were exchanged, compared to its average volume of 251,991. CTS has a 12-month low of $36.03 and a 12-month high of $69.55. The company’s 50-day moving average is $63.28 and its two-hundred day moving average is $56.31. The company has a quick ratio of 1.98, a current ratio of 2.61 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 1.54 and a beta of 1.04.

CTS (NYSE:CTS) last announced its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.13. The firm had revenue of $144.78 million for the quarter, compared to analysts’ expectations of $143.43 million. CTS had a return on equity of 13.48% and a net margin of 12.37%.During the same period in the prior year, the business posted $0.62 earnings per share. CTS has set its FY 2026 guidance at 2.550-2.700 EPS. Research analysts forecast that CTS will post 2.63 earnings per share for the current fiscal year.

CTS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, June 26th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, June 26th. CTS’s dividend payout ratio (DPR) is 6.72%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CTS shares. Zacks Research lowered CTS from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of CTS in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

CTS News Summary

Here are the key news stories impacting CTS this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations: CTS reported adjusted earnings of $0.74 per share, well above the $0.61 consensus estimate and up from $0.57 a year earlier. Revenue also exceeded forecasts, supporting the positive reaction. CTS Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Improved 2026 outlook: Management raised its sales outlook to $565 million-$585 million while maintaining adjusted 2026 EPS guidance of $2.55-$2.70. The company also highlighted record margins and growth from diversified end markets, although transportation demand remained mixed. CTS forecasts 2026 adjusted EPS and raises sales outlook
• Positive Sentiment: Sidoti raised most key estimates: Sidoti increased its FY2026 EPS forecast to $2.72 from $2.43, above the $2.63 consensus, and raised FY2027 EPS to $2.98 from $2.89. Estimates for Q3 and Q4 2026 and Q1 2027 were also increased, suggesting expectations for stronger near-term profitability.
• Neutral Sentiment: One later-period estimate was reduced: Sidoti lowered its Q3 2027 EPS forecast to $0.69 from $0.71, partially offsetting the broader pattern of estimate increases.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CTS. Royal Bank of Canada lifted its position in shares of CTS by 11.2% in the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after purchasing an additional 710 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CTS by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock valued at $744,000 after purchasing an additional 785 shares in the last quarter. Captrust Financial Advisors increased its position in shares of CTS by 12.1% during the second quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock valued at $346,000 after buying an additional 876 shares during the period. Amundi raised its stake in CTS by 9.7% in the first quarter. Amundi now owns 11,542 shares of the electronics maker’s stock worth $480,000 after buying an additional 1,019 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in CTS by 4.3% in the second quarter. Lazard Asset Management LLC now owns 31,664 shares of the electronics maker’s stock worth $1,349,000 after buying an additional 1,299 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

CTS Company Profile

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.