CTS (CTS) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

CTS (NYSE:CTS) announced its quarterly earnings data on Thursday. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04, Bloomberg Earnings reports. The firm had revenue of $113.50 million during the quarter, compared to the consensus estimate of $105.06 million. CTS had a return on equity of 12.16% and a net margin of 3.42%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. CTS updated its FY18 guidance to $1.32-1.44 EPS.

CTS stock traded up $1.00 during mid-day trading on Thursday, hitting $29.90. The company’s stock had a trading volume of 135,790 shares, compared to its average volume of 93,129. The company has a market cap of $963.45, a P/E ratio of 23.50 and a beta of 1.20. The company has a current ratio of 2.28, a quick ratio of 1.92 and a debt-to-equity ratio of 0.22. CTS has a 52-week low of $20.25 and a 52-week high of $30.00.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 20th. Investors of record on Friday, March 16th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, March 15th. CTS’s dividend payout ratio is currently 13.01%.

Separately, ValuEngine raised CTS from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th.

About CTS

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace, defense, communications, industrial, information technology, medical, and transportation markets. The company offers sensors and actuators used in passenger or consumer vehicles; electronic components used in communications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and information technology markets.

Earnings History for CTS (NYSE:CTS)

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