CTS (NYSE:CTS) Issues FY 2026 Earnings Guidance

CTS (NYSE:CTS) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.300-2.450 for the period, compared to the consensus EPS estimate of 2.400. The company issued revenue guidance of $550.0 million-$580.0 million, compared to the consensus revenue estimate of $561.5 million.

CTS Price Performance

CTS stock traded down $0.88 during midday trading on Thursday, reaching $56.27. The company had a trading volume of 25,329 shares, compared to its average volume of 170,066. CTS has a 1-year low of $34.02 and a 1-year high of $59.66. The stock has a 50 day moving average price of $47.50 and a 200-day moving average price of $43.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.30 and a quick ratio of 2.12. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.49 and a beta of 0.89.

CTS (NYSE:CTS) last issued its quarterly earnings results on Tuesday, February 10th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $137.27 million for the quarter, compared to analyst estimates of $135.86 million. CTS had a return on equity of 12.14% and a net margin of 12.07%.CTS has set its FY 2026 guidance at 2.300-2.450 EPS. Equities research analysts expect that CTS will post 2.28 earnings per share for the current year.

CTS announced that its board has authorized a share repurchase plan on Friday, November 7th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the electronics maker to reacquire up to 8.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CTS in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, CTS presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On CTS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in shares of CTS by 11.2% in the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock worth $292,000 after buying an additional 710 shares during the last quarter. Amundi boosted its stake in CTS by 9.7% in the 1st quarter. Amundi now owns 11,542 shares of the electronics maker’s stock worth $480,000 after purchasing an additional 1,019 shares in the last quarter. AQR Capital Management LLC raised its position in CTS by 19.4% in the 1st quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after buying an additional 1,558 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CTS by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,904 shares of the electronics maker’s stock valued at $744,000 after acquiring an additional 785 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CTS by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,298 shares of the electronics maker’s stock valued at $2,921,000 after purchasing an additional 7,144 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

About CTS

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.