News headlines about CTS (NYSE:CTS) have trended somewhat positive on Saturday, Alpha One Sentiment reports. The research group, a service of Accern, identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CTS earned a news impact score of 0.08 on Alpha One’s scale. Alpha One also gave headlines about the electronics maker an impact score of 54 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Alpha One Sentiment’s scoring:
- Former CT Bank Employees Recovering Thousands of Dollars (nbcconnecticut.com)
- Rivaldo Coetzee wins big at Ajax CT year-end awards (sport24.co.za)
- Inverness CT 3-2 Motherwell: Match Report (football.co.uk)
- India and Australia are favourites to win CT, says AB de Villiers (crictracker.com)
- Helical CT Scanner Market to Register a Robust Growth By 2022 (reports.pr-inside.com)
Shares of CTS (NYSE:CTS) traded down 0.24% during trading on Friday, hitting $20.60. The stock had a trading volume of 73,850 shares. The company’s 50 day moving average price is $20.91 and its 200 day moving average price is $21.75. CTS has a 52 week low of $16.35 and a 52 week high of $24.80. The company has a market capitalization of $676.73 million, a price-to-earnings ratio of 19.81 and a beta of 1.25.
CTS (NYSE:CTS) last announced its quarterly earnings results on Thursday, April 27th. The electronics maker reported $0.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The company had revenue of $100.10 million during the quarter, compared to the consensus estimate of $100.72 million. CTS had a net margin of 8.67% and a return on equity of 11.87%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. Analysts predict that CTS will post $1.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, June 23rd will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Wednesday, June 21st. CTS’s dividend payout ratio (DPR) is currently 15.38%.
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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