Somewhat Positive News Coverage Somewhat Unlikely to Affect CTS Corporation (CTS) Share Price
Media headlines about CTS Corporation (NYSE:CTS) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CTS Corporation earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave media stories about the electronics maker an impact score of 47.5528663441158 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Head-To-Head Contrast: CTS Corporation (CTS) and Methode Electronics (MEI) (americanbankingnews.com)
- Head to Head Comparison: Methode Electronics (MEI) & CTS Corporation (NYSE:CTS) (americanbankingnews.com)
- Automotive Position Sensors Market: Influencing Factors, Analysis & Forecast 2017 – 2021 Studied in detail in New Research (mynewsdesk.com)
- Cognizant Technology Solutions Corporation (CTSH) Declares Quarterly Dividend of $0.15 (joshnaijablog.com)
- Atlas Brown Inc. Sells 453 Shares of Wells Fargo & Company (naijaoversabi.com)
Shares of CTS Corporation (CTS) remained flat at $22.30 during trading on Monday. The stock had a trading volume of 21,042 shares. CTS Corporation has a 52 week low of $16.35 and a 52 week high of $24.80. The firm has a market cap of $734.41 million, a P/E ratio of 24.48 and a beta of 1.23. The stock has a 50 day moving average of $21.84 and a 200 day moving average of $21.65.
CTS Corporation (NYSE:CTS) last announced its earnings results on Thursday, July 27th. The electronics maker reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $105.70 million for the quarter, compared to the consensus estimate of $103.31 million. CTS Corporation had a net margin of 7.49% and a return on equity of 11.54%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Equities research analysts forecast that CTS Corporation will post $1.15 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, June 23rd were issued a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $0.16 annualized dividend and a yield of 0.72%. CTS Corporation’s dividend payout ratio (DPR) is presently 17.58%.
Several brokerages have recently commented on CTS. BidaskClub cut shares of CTS Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. HSBC Holdings plc cut shares of CTS Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. CTS Corporation presently has a consensus rating of “Hold” and an average price target of $24.50.
About CTS Corporation
CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.
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