CTS (NYSE:CTS) Updates FY 2026 Earnings Guidance

CTS (NYSE:CTS) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.550-2.700 for the period, compared to the consensus estimate of 2.430. The company issued revenue guidance of $565.0 million-$585.0 million, compared to the consensus revenue estimate of $571.1 million.

CTS Stock Up 8.1%

Shares of NYSE:CTS traded up $4.90 during trading on Tuesday, reaching $65.31. 31,445 shares of the stock were exchanged, compared to its average volume of 248,388. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.52 and a quick ratio of 1.98. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The stock has a fifty day moving average of $63.08 and a two-hundred day moving average of $56.05. CTS has a 1-year low of $36.03 and a 1-year high of $69.55.

CTS (NYSE:CTS) last issued its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. The company had revenue of $139.23 million for the quarter, compared to the consensus estimate of $136.83 million. CTS had a net margin of 12.46% and a return on equity of 12.90%. CTS has set its FY 2026 guidance at 2.350-2.450 EPS. Research analysts anticipate that CTS will post 2.43 earnings per share for the current fiscal year.

CTS Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, June 26th were issued a $0.04 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.16 annualized dividend and a yield of 0.2%. CTS’s dividend payout ratio (DPR) is 6.84%.

Analyst Ratings Changes

Several research firms have recently weighed in on CTS. Weiss Ratings reiterated a “hold (c+)” rating on shares of CTS in a research note on Tuesday, May 26th. Zacks Research cut CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Key Stories Impacting CTS

Here are the key news stories impacting CTS this week:

• Positive Sentiment: CTS reported second-quarter revenue of $144.8 million, up 7% year over year and ahead of the $143.4 million consensus estimate. Reported EPS was $0.74, $0.13 above expectations; the company also cited adjusted diluted EPS of $0.66, compared with $0.62 a year earlier. CTS Announces Second Quarter 2026 Results
• Positive Sentiment: The company raised its FY 2026 adjusted EPS outlook to $2.55-$2.70, above the $2.43 analyst consensus. Its revenue forecast of $565 million-$585 million brackets consensus of $571.1 million, with the midpoint modestly above expectations. CTS Q2 2026 Sales Rise 7 Percent as Outlook Increases
• Positive Sentiment: Profitability and cash generation improved: adjusted gross margin increased to 41.5% from 38.7%, net income rose to $19.2 million from $18.5 million, and operating cash flow grew to $33.4 million from $28.4 million. Diversified end-market sales climbed 15% and accounted for 59% of revenue. CTS Second-Quarter Results
• Negative Sentiment: Transportation-market sales declined 2% year over year, indicating continued weakness in an important end market and partially offsetting stronger diversified-market demand. CTS Q2 2026 Sales Rise 7 Percent as Outlook Increases

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CTS. Jane Street Group LLC raised its stake in CTS by 19.0% in the first quarter. Jane Street Group LLC now owns 59,694 shares of the electronics maker’s stock valued at $2,480,000 after purchasing an additional 9,530 shares in the last quarter. Entropy Technologies LP bought a new position in CTS in the third quarter worth approximately $341,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in CTS by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock worth $2,921,000 after purchasing an additional 7,144 shares during the period. State of Tennessee Department of Treasury increased its holdings in CTS by 21.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 26,233 shares of the electronics maker’s stock worth $1,125,000 after purchasing an additional 4,658 shares during the period. Finally, Horizon Investments LLC raised its position in CTS by 14.0% during the 3rd quarter. Horizon Investments LLC now owns 13,453 shares of the electronics maker’s stock valued at $537,000 after purchasing an additional 1,653 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

CTS Company Profile

CTS Corporation (NYSE:CTS) is a global manufacturer and supplier of electronic components and sensors, headquartered in Lisle, Illinois. Established in 1896 as the Chicago Telephone Supply Company, the firm has evolved over more than a century to become a diversified provider of high-precision products for a wide range of end markets.

The company’s core business encompasses the design, development and production of sensors and actuators, frequency control devices such as quartz crystals and filters, multilayer ceramic capacitors, and inductive components.