CTS (NYSE:CTS) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

CTS (NYSE:CTS) announced its quarterly earnings results on Tuesday. The electronics maker reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.06), Zacks reports. CTS had a net margin of 11.66% and a return on equity of 12.39%. CTS updated its FY 2025 guidance to 2.200-2.350 EPS.

CTS Stock Performance

Shares of CTS opened at $48.01 on Thursday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 24.77 and a beta of 0.59. The business has a 50-day simple moving average of $52.94 and a two-hundred day simple moving average of $50.58. CTS has a 52 week low of $42.20 and a 52 week high of $59.68. The company has a quick ratio of 1.91, a current ratio of 2.46 and a debt-to-equity ratio of 0.19.

Insider Activity at CTS

In other news, CEO Kieran M. O’sullivan sold 6,690 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $55.83, for a total transaction of $373,502.70. Following the completion of the sale, the chief executive officer now directly owns 375,643 shares of the company’s stock, valued at approximately $20,972,148.69. The trade was a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 59,956 shares of company stock valued at $3,331,185. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CTS has been the topic of several research analyst reports. StockNews.com upgraded shares of CTS from a “hold” rating to a “buy” rating in a research report on Saturday, February 1st. Scotiabank cut CTS from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th.

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.