CTS (CTS) Set to Announce Earnings on Tuesday

CTS (NYSE:CTS) will be posting its quarterly earnings results before the market opens on Tuesday, October 29th. CTS has set its FY24 guidance at $2.05-2.25 EPS and its FY 2024 guidance at 2.050-2.250 EPS.Investors interested in registering for the company’s conference call can do so using this link.

CTS (NYSE:CTS) last released its earnings results on Tuesday, July 30th. The electronics maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $130.16 million during the quarter, compared to analyst estimates of $133.33 million. CTS had a net margin of 10.70% and a return on equity of 11.98%. The business’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 earnings per share.

CTS Trading Down 2.5 %

CTS stock opened at $47.18 on Tuesday. CTS has a 1 year low of $35.50 and a 1 year high of $55.47. The firm’s 50 day moving average price is $47.66 and its two-hundred day moving average price is $49.05. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 27.75 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.85 and a current ratio of 3.41.

CTS Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, September 27th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, September 27th. CTS’s payout ratio is 9.41%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of CTS from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th.

About CTS

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.