CTS Corporation (CTS) Earns Daily News Impact Score of 0.03
Media coverage about CTS Corporation (NYSE:CTS) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CTS Corporation earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news articles about the electronics maker an impact score of 47.3474680134165 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- FRP Bridge Market : Industry Outlook Research Report 2016-2023 by DecisionDatabases (sbwire.com)
- Crystal Oscillator Market to Observe Strong Development by 2024 (mynewsdesk.com)
- ETFs with exposure to CTS Corp. : August 11, 2017 (finance.yahoo.com)
- Comparing Methode Electronics (MEI) and CTS Corporation (NYSE:CTS) (americanbankingnews.com)
- Passenger Car Sensors Market Foreseen to Grow exponentially over 2021 (mynewsdesk.com)
CTS Corporation (NYSE CTS) traded down 0.23% on Friday, hitting $22.15. 97,016 shares of the company’s stock were exchanged. The company has a market cap of $729.47 million, a PE ratio of 24.31 and a beta of 1.23. The company’s 50-day moving average price is $22.02 and its 200-day moving average price is $21.69. CTS Corporation has a 12-month low of $16.35 and a 12-month high of $24.80.
CTS Corporation (NYSE:CTS) last issued its quarterly earnings data on Thursday, July 27th. The electronics maker reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $105.70 million during 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 company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. Analysts forecast that CTS Corporation will post $1.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, June 23rd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.72%. CTS Corporation’s dividend payout ratio is presently 17.58%.
A number of research firms recently commented on CTS. BidaskClub raised shares of CTS Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. HSBC Holdings plc cut shares of CTS Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $24.50.
CTS Corporation Company Profile
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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