CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides sensors and actuators for use in passenger or commercial vehicles; connectivity components for telecommunications infrastructure, information technology, and other high-speed applications; switches, temperature sensors, and potentiometers supplied to multiple markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets. The company sells and markets its products through its sales engineers, independent manufacturers' representatives, and distributors. CTS Corporation was founded in 1896 and is headquartered in Lisle, Illinois.
IPO Year:
Exchange: NYSE
Website: ctscorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/7/2024 | $46.00 | Buy → Neutral | Sidoti |
| 2/7/2024 | $38.00 → $46.00 | Market Perform | TD Cowen |
| 11/22/2022 | $44.00 | Hold | Jefferies |
| 7/13/2022 | $43.00 | Neutral → Buy | Sidoti |
| 6/2/2022 | $43.00 | Buy → Neutral | Sidoti |
| 1/31/2022 | $40.00 | Neutral → Buy | Sidoti |
| 11/12/2021 | $14.00 → $13.00 | Buy | Canaccord Genuity |
| 10/14/2021 | $40.00 → $34.00 | Outperform → Market Perform | Cowen & Co. |
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8-K - CTS CORP (0000026058) (Filer)
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LISLE, Ill., Feb. 08, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS), a leading global designer and manufacturer of custom engineered solutions that "Sense, Connect and Move," today announced that Amy M. Dodrill has been appointed to its board of directors, effective February 8, 2024, and will serve as a member of the nominating, governance and sustainability and technology and transactions committees. Ms. Dodrill comes to CTS with over 25 years of experience in medical and technology companies and a proven track record of successfully leading and profitably growing global businesses serving key end markets. Ms. Dodrill most recently served as President of Baxter's Global Surgical
TORONTO and GATINEAU, QC, June 20, 2023 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX:CTS) (FSE: 0ZB) (OTCQX:CTSDF) a services-led, software-enabled, IT & Cloud Solutions provider, is pleased to announce the results of its annual general meeting of shareholders held on Tuesday, June 20th 2023. The results of the vote at the Company's virtual annual meeting of shareholders held earlier today are set forth below. i. Election of Directors By resolution passed via ballot, the following seven nominees were elected as Directors of Converge to
LISLE, Ill., Feb. 09, 2023 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS), a leading global designer and manufacturer of custom engineered solutions that "Sense, Connect and Move," today announced that Randy Stone has been appointed to its board of directors, effective February 9, 2023. Mr. Stone comes to CTS with over 30 years of experience in advanced materials and a proven track record of successfully leading and profitably growing global businesses serving key end markets. Mr. Stone most recently served as President of DuPont's Mobility and Materials segment, a $5 billion global enterprise with leadership positions in electronics, industrial, consumer and transportation markets. Under
MORRISVILLE, N.C., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Syneos Health® (NASDAQ:SYNH), the only fully integrated biopharmaceutical solutions organization, today announced it has appointed two new independent directors, Barbara W. Bodem and Alfonso G. Zulueta, to its Board of Directors. "We are excited to welcome Barbara and Alfonso to the Syneos Health Board," said John Dineen, Chair of the Syneos Health Board of Directors. "Barbara's deep financial expertise combined with Alfonso's expansive industry knowledge and international experience bring important perspectives to an already strong Board. These two leaders will enhance the composition of our Board and support continued successful overs
Cheniere Energy, Inc. ("Cheniere") (NYSE:LNG) announced today that its Board of Directors ("Board") has appointed Patricia K. Collawn and Lorraine Mitchelmore to serve as members of the Board, effective July 1, 2021. Ms. Collawn and Ms. Mitchelmore are considered independent directors. Ms. Collawn has been appointed to the Audit and Compensation Committees and Ms. Mitchelmore has been appointed to the Audit and Governance and Nominating Committees. Ms. Collawn is the Chairman, President and Chief Executive Officer of PNM Resources, Inc. ("PNM Resources") (NYSE:PNM), an energy holding company based in New Mexico. Ms. Collawn joined PNM Resources in 2007 from Public Service Company of Colora
LISLE, Ill., Feb. 12, 2021 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE: CTS) today announced that Donna M. Costello has been appointed to its board of directors, effective February 11, 2021. Ms. Costello is the former chief financial officer of C&D Technologies, Inc., a technology company that produces and markets systems for power conversion and storage of electrical power. Ms. Costello comes to CTS with extensive financial experience and over 25 years of experience in the tech industry, delivering a successful track record of executive leadership, strategy development, and M&A. She currently serves as a director on the board of Neenah, Inc., where she is a member of the audit committee.
LISLE, Ill., Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CTS Corporation (NYSE:CTS) has declared a cash dividend of $0.04 per share on outstanding shares of common stock, without par value, to be paid on January 31, 2025, to shareholders of record at the close of business on December 27, 2024. About CTS CTS Corporation (NYSE:CTS) is a leading designer and manufacturer of products that Sense, Connect and Move. CTS manufactures sensors, actuators and electronic components in North America, Europe and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical and transportation markets. For more information, visit www.ctscorp.com. Cont
LISLE, Ill., Oct. 29, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS), a leading global designer and manufacturer of custom engineered solutions that "Sense, Connect and Move," today announced third quarter 2024 results. "We delivered improved earnings and generated stronger cash flow in the third quarter. Margins expanded as we made progress on operational improvements," said Kieran O'Sullivan, CEO of CTS Corporation. "Near term market conditions remain challenging. We continue to advance our diversification strategy through the expansion of our customer base and end markets. We remain committed to a disciplined capital structure to drive organic growth, strategic acquisitions and re
LISLE, Ill., Oct. 14, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) will release its earnings for the third quarter 2024 at approximately 8:00 a.m. (ET) on Tuesday, October 29, 2024. A conference call to discuss third quarter 2024 results with management is scheduled for Tuesday, October 29, 2024 at 10:00 a.m. (ET). The dial-in numbers for access from the U.S. are: +1-833-470-1428 (Toll-Free) and +1-404-975-4839 (Local), if calling from outside the U.S., please refer to Global Dial In Numbers to identify the applicable dial-in number for your location. The passcode is 230766. A live audio webcast of the conference call will be available and can be accessed directly from the Investo
LISLE, Ill., Aug. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CTS Corporation (NYSE:CTS) has declared a cash dividend of $0.04 per share on outstanding shares of common stock, without par value, to be paid on October 25, 2024, to shareholders of record at the close of business on September 27, 2024. About CTS CTS (NYSE:CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, and transportation markets. For more information, visit www.ctscorp.com. Con
LISLE, Ill., July 30, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS), a leading global designer and manufacturer of custom engineered solutions that "Sense, Connect and Move," today announced second quarter 2024 results. "We achieved earnings in line with our expectations, despite softness in the transportation end market. We made progress on operational improvements, which helped partially offset the unfavorable impact from lower volumes." said Kieran O'Sullivan, CEO of CTS Corporation. "Our team is energized on future growth through continued diversification of our customer base and building our pipeline of opportunities. We remain committed to a disciplined capital structure to
LISLE, Ill., July 16, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) will release its earnings for the second quarter 2024 at approximately 8:00 a.m. (ET) on Tuesday, July 30, 2024. A conference call to discuss second quarter 2024 results with management is scheduled for Tuesday, July 30, 2024 at 10:00 a.m. (ET). The dial-in numbers for access from the U.S. are: +1-833-470-1428 (Toll-Free) and +1-404-975-4839 (Local), if calling from outside the U.S., please refer to Global Dial In Numbers to identify the applicable dial-in number for your location. The passcode is 325452. A live audio webcast of the conference call will be available and can be accessed directly from the Investors s
LISLE, Ill., May 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CTS Corporation (NYSE:CTS) has declared a cash dividend of $0.04 per share on outstanding shares of common stock, without par value, to be paid on July 26, 2024, to shareholders of record at the close of business on June 28, 2024. About CTS CTS (NYSE:CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, and transportation markets. For more information, visit www.ctscorp.com.
LISLE, Ill., May 01, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS), a leading global designer and manufacturer of custom engineered solutions that "Sense, Connect and Move," today announced first quarter 2024 results. "We achieved sales and earnings in line with our expectations. Our teams made progress on operational improvements in the first quarter, which helped offset the unfavorable impact from lower volumes. As anticipated, we are seeing some early signs of recovery in the industrial end market," said Kieran O'Sullivan, CEO of CTS Corporation. "CTS is focused on future growth through continued diversification of our customer base and building our pipeline of opportunities. We
LISLE, Ill., April 16, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) will release its earnings for the first quarter 2024 at approximately 8:00 a.m. (ET) on Wednesday, May 1, 2024. A conference call to discuss first quarter 2024 results with management is scheduled for Wednesday, May 1st, 2024 at 10:00 a.m. (ET). The dial-in numbers for access from the U.S. are: +1-833-470-1428 (Toll-Free) and +1-404-975-4839 (Local), if calling from outside the U.S., please refer to Global Dial In Numbers to identify the applicable dial-in number for your location. The passcode is 494524. A live audio webcast of the conference call will be available and can be accessed directly from the Investors
LISLE, Ill., Feb. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CTS Corporation (NYSE:CTS) has declared a cash dividend of $0.04 per share on outstanding shares of common stock, without par value, to be paid on April 26, 2024, to shareholders of record at the close of business on March 28, 2024. About CTS CTS (NYSE:CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, and transportation markets. For more information, visit www.ctscorp.com. Contact
Sidoti downgraded CTS Corp from Buy to Neutral and set a new price target of $46.00
TD Cowen reiterated coverage of CTS Corp with a rating of Market Perform and set a new price target of $46.00 from $38.00 previously
Jefferies initiated coverage of CTS Corp with a rating of Hold and set a new price target of $44.00
Sidoti upgraded CTS Corp from Neutral to Buy and set a new price target of $43.00
Sidoti downgraded CTS Corp from Buy to Neutral and set a new price target of $43.00
Sidoti upgraded CTS Corp from Neutral to Buy and set a new price target of $40.00
Canaccord Genuity reiterated coverage of Converge Tech Solns with a rating of Buy and set a new price target of $13.00 from $14.00 previously
Cowen & Co. downgraded CTS from Outperform to Market Perform and set a new price target of $34.00 from $40.00 previously
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LISLE, Ill., Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CTS Corporation (NYSE:CTS) has declared a cash dividend of $0.04 per share on outstanding shares of common stock, without par value, to be paid on January 31, 2025, to shareholders of record at the close of business on December 27, 2024. About CTS CTS Corporation (NYSE:CTS) is a leading designer and manufacturer of products that Sense, Connect and Move. CTS manufactures sensors, actuators and electronic components in North America, Europe and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical and transportation markets. For more information, visit www.ctscorp.com. Cont
LISLE, Ill., Nov. 05, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS), announced today that Kieran O'Sullivan, President and Chief Executive Officer, will participate in the Baird 2024 Global Industrial Conference on November 12, 2024, at 8:20 a.m. (EST). The conference will be held at The Ritz-Carlton Chicago. More information about the event can be found on the Baird Conferences website at https://www.meetmax.com/sched/event_112337/conference_home.html About CTS CTS Corporation (NYSE:CTS) is a leading designer and manufacturer of products that Sense, Connect and Move. CTS manufactures sensors, actuators and electronic components in North America, Europe and Asia, and provides eng
LISLE, Ill., Oct. 29, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS), a leading global designer and manufacturer of custom engineered solutions that "Sense, Connect and Move," today announced third quarter 2024 results. "We delivered improved earnings and generated stronger cash flow in the third quarter. Margins expanded as we made progress on operational improvements," said Kieran O'Sullivan, CEO of CTS Corporation. "Near term market conditions remain challenging. We continue to advance our diversification strategy through the expansion of our customer base and end markets. We remain committed to a disciplined capital structure to drive organic growth, strategic acquisitions and re
LISLE, Ill., Oct. 14, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) will release its earnings for the third quarter 2024 at approximately 8:00 a.m. (ET) on Tuesday, October 29, 2024. A conference call to discuss third quarter 2024 results with management is scheduled for Tuesday, October 29, 2024 at 10:00 a.m. (ET). The dial-in numbers for access from the U.S. are: +1-833-470-1428 (Toll-Free) and +1-404-975-4839 (Local), if calling from outside the U.S., please refer to Global Dial In Numbers to identify the applicable dial-in number for your location. The passcode is 230766. A live audio webcast of the conference call will be available and can be accessed directly from the Investo
LISLE, Ill., Sept. 06, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS), announced today that Kieran O'Sullivan, President and Chief Executive Officer, will participate in the Sidoti Small Cap Conference on September 18, 2024, at 4 p.m. (EDT). The conference will be held virtually. You may access a live webcast of the event using this link. More information and access to the event can be found on the Sidoti Conference website. https://sidoti.com/events/september-sidoti-small-cap-virtual-conference-2024 About CTS CTS Corporation (NYSE:CTS) is a leading designer and manufacturer of products that Sense, Connect and Move. CTS manufactures sensors, actuators and electronic components in N
LISLE, Ill., Aug. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CTS Corporation (NYSE:CTS) has declared a cash dividend of $0.04 per share on outstanding shares of common stock, without par value, to be paid on October 25, 2024, to shareholders of record at the close of business on September 27, 2024. About CTS CTS (NYSE:CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, and transportation markets. For more information, visit www.ctscorp.com. Con
LISLE, Ill., July 30, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS), a leading global designer and manufacturer of custom engineered solutions that "Sense, Connect and Move," today announced second quarter 2024 results. "We achieved earnings in line with our expectations, despite softness in the transportation end market. We made progress on operational improvements, which helped partially offset the unfavorable impact from lower volumes." said Kieran O'Sullivan, CEO of CTS Corporation. "Our team is energized on future growth through continued diversification of our customer base and building our pipeline of opportunities. We remain committed to a disciplined capital structure to
LISLE, Ill., July 16, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) will release its earnings for the second quarter 2024 at approximately 8:00 a.m. (ET) on Tuesday, July 30, 2024. A conference call to discuss second quarter 2024 results with management is scheduled for Tuesday, July 30, 2024 at 10:00 a.m. (ET). The dial-in numbers for access from the U.S. are: +1-833-470-1428 (Toll-Free) and +1-404-975-4839 (Local), if calling from outside the U.S., please refer to Global Dial In Numbers to identify the applicable dial-in number for your location. The passcode is 325452. A live audio webcast of the conference call will be available and can be accessed directly from the Investors s
LISLE, Ill., May 09, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of CTS Corporation (NYSE:CTS) has declared a cash dividend of $0.04 per share on outstanding shares of common stock, without par value, to be paid on July 26, 2024, to shareholders of record at the close of business on June 28, 2024. About CTS CTS (NYSE:CTS) is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, and transportation markets. For more information, visit www.ctscorp.com.
LISLE, Ill., May 01, 2024 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS), a leading global designer and manufacturer of custom engineered solutions that "Sense, Connect and Move," today announced first quarter 2024 results. "We achieved sales and earnings in line with our expectations. Our teams made progress on operational improvements in the first quarter, which helped offset the unfavorable impact from lower volumes. As anticipated, we are seeing some early signs of recovery in the industrial end market," said Kieran O'Sullivan, CEO of CTS Corporation. "CTS is focused on future growth through continued diversification of our customer base and building our pipeline of opportunities. We
CTS (NYSE:CTS) released its Q1 earnings on Wednesday, May 1, 2024 at 08:00 AM. Here's what's important from the earnings announcement. Earnings CTS beat estimated earnings by 15.0%, reporting an EPS of $0.47 versus an estimate of $0.41. Revenue was down $20.24 million from the same period last year. Past Earnings Performance The company beat on EPS by $0.01 in the previous quarter, leading to a 7.000000000000001% drop share price change the next day. Here's a look at CTS's past performance: Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 EPS Estimate 0.41 0.46 0.56 0.53 0.58 EPS Actual 0.47 0.47 0.54 0.59 0.61 Revenue Estimate 126.75M 124.51M 142.07M 146.07M 142.84M Revenue Actu
Companies Reporting Before The Bell • CTS (NYSE:CTS) is estimated to report quarterly earnings at $0.14 per share on revenue of $708.85 million. • Foot Locker (NYSE:FL) is likely to report quarterly earnings at $0.32 per share on revenue of $2.28 billion. • JD.com (NASDAQ:JD) is likely to report quarterly earnings at $0.63 per share on revenue of $42.16 billion. • Super Group (SGHC) (NYSE:SGHC) is expected to report quarterly earnings at $0.01 per share on revenue of $326.63 million. • Sotherly Hotels (NASDAQ:SOHO) is projected to report earnings for its fourth quarter. • Thor Industries (NYSE:THO) is estimated to report quarterly earnings at $0.67 per share on revenue of $2.27 billion
Sidoti & Co. analyst John Franzreb downgrades CTS (NYSE:CTS) from Buy to Neutral and announces $46 price target.
CTS also announced that its Board of Directors approved a new share repurchase program that authorizes the company to repurchase up to $100 million of its common stock, replacing the existing program authorized in February 2023. The new share repurchase program has no scheduled termination date.
CTS (NYSE:CTS) reported quarterly Adj earnings of $0.47 per share which beat the analyst consensus estimate of $0.46 by 2.17 percent. This is a 16.07 percent decrease over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $124.69 million which beat the analyst consensus estimate of $124.51 million by 0.15 percent. This is a 12.36 percent decrease over sales of $142.28 million the same period last year.
Companies Reporting Before The Bell • BP (NYSE:BP) is projected to report quarterly earnings at $1.05 per share on revenue of $53.50 billion. • AudioCodes (NASDAQ:AUDC) is projected to report quarterly earnings at $0.23 per share on revenue of $63.49 million. • UBS Gr (NYSE:UBS) is expected to report quarterly earnings at $0.23 per share on revenue of $10.28 billion. • Frontier Group Holdings (NASDAQ:ULCC) is expected to report quarterly loss at $0.23 per share on revenue of $893.33 million. • Cerence (NASDAQ:CRNC) is expected to report quarterly earnings at $0.90 per share on revenue of $131.13 million. • PJT Partners (NYSE:PJT) is estimated to report quarterly earnings at $0.88 per s
CTS (NYSE:CTS) is set to give its latest quarterly earnings report on Tuesday, 2024-02-06. Here's what investors need to know before the announcement. Analysts estimate that CTS will report an earnings per share (EPS) of $0.48. CTS bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.02, which was followed by a 3.7% drop in the share price the next day. Here's a look