CTS Co. (NYSE:CTS - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, December 27th will be paid a dividend of 0.04 per share by the electronics maker on Friday, January 31st. This represents a $0.16 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Friday, December 27th.
CTS has a dividend payout ratio of 6.8% meaning its dividend is sufficiently covered by earnings.
Shares of CTS stock traded down $0.76 during mid-day trading on Friday, hitting $57.97. The company's stock had a trading volume of 218,890 shares, compared to its average volume of 149,926. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.91 and a current ratio of 2.46. CTS has a 52 week low of $37.60 and a 52 week high of $59.68. The company's fifty day simple moving average is $48.57 and its 200-day simple moving average is $49.61. The company has a market cap of $1.75 billion, a PE ratio of 29.86 and a beta of 0.58.
CTS (NYSE:CTS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The company had revenue of $132.42 million for the quarter. CTS had a return on equity of 12.39% and a net margin of 11.66%. During the same period in the previous year, the firm earned $0.54 EPS. As a group, equities research analysts expect that CTS will post 2.15 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on CTS. StockNews.com cut CTS from a "buy" rating to a "hold" rating in a report on Thursday. Scotiabank cut CTS from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th.
View Our Latest Stock Report on CTS
CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.
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