CTS Co. (CTS) To Go Ex-Dividend on September 27th

CTS Co. (NYSE:CTS) announced a quarterly dividend on Thursday, August 15th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.04 per share by the electronics maker on Friday, October 25th. This represents a $0.16 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Friday, September 27th.

CTS has a payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings.

CTS Trading Up 1.3 %

NYSE CTS opened at $48.11 on Wednesday. The firm’s 50 day moving average price is $48.13 and its two-hundred day moving average price is $48.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.85 and a current ratio of 3.41. CTS has a twelve month low of $35.50 and a twelve month high of $55.47. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 28.30 and a beta of 0.58.

CTS (NYSE:CTS) last announced its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $130.16 million during the quarter, compared to analyst estimates of $133.33 million. CTS had a return on equity of 11.98% and a net margin of 10.70%. The firm’s revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. Equities analysts anticipate that CTS will post 2.15 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut CTS from a “buy” rating to a “hold” rating in a research report on Monday, September 16th.

About 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.