Earnings results for CTS (NYSE:CTS)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 999 and remained the same over the past month at 999. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 0.6 and remained the same over the past month at 0.6 . none raised and none lowered their forecast.
CTS last issued its earnings results on April 23rd, 2020. The electronics maker reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. The company had revenue of $103.10 million for the quarter, compared to analysts’ expectations of $94.17 million. Its quarterly revenue was down 12.3% compared to the same quarter last year. CTS has generated $1.45 earnings per share over the last year and currently has a price-to-earnings ratio of 23.8. CTS has confirmed that its next quarterly earnings report will be published on Friday, July 31st, 2020. CTS will be holding an earnings conference call on Friday, July 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
Analyst Opinion on CTS (NYSE:CTS)
2 Wall Street analysts have issued ratings and price targets for CTS in the last 12 months. Their average twelve-month price target is $29.00, suggesting that the stock has a possible upside of 40.10%. The high price target for CTS is $33.00 and the low price target for CTS is $25.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”
CTS has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $29.00, CTS has a potential upside of 40.1% from its current price of $20.70. CTS has received no research coverage in the past 90 days.
Dividend Strength: CTS (NYSE:CTS)
CTS has a dividend yield of 0.80%, which is in the bottom 25% of all stocks that pay dividends. CTS does not have a long track record of dividend growth. The dividend payout ratio of CTS is 11.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTS will have a dividend payout ratio of 12.80% next year. This indicates that CTS will be able to sustain or increase its dividend.
Insiders buying/selling: CTS (NYSE:CTS)
In the past three months, CTS insiders have not sold or bought any company stock. Only 2.25% of the stock of CTS is held by insiders. 93.11% of the stock of CTS is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of CTS (NYSE:CTS
Earnings for CTS are expected to grow by 108.33% in the coming year, from $0.60 to $1.25 per share. The P/E ratio of CTS is 23.79, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.93. The P/E ratio of CTS is 23.79, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.00. CTS has a P/B Ratio of 1.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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