CTS (NYSE:CTS) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

CTS (NYSE:CTS) announced its earnings results on Tuesday. The electronics maker reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.13, FiscalAI reports. The firm had revenue of $144.78 million during the quarter, compared to analysts’ expectations of $143.43 million. CTS had a return on equity of 12.90% and a net margin of 12.46%. CTS updated its FY 2026 guidance to 2.550-2.700 EPS.

CTS Stock Up 0.8%

NYSE:CTS opened at $60.49 on Tuesday. CTS has a twelve month low of $36.03 and a twelve month high of $69.55. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The stock has a fifty day simple moving average of $63.08 and a 200-day simple moving average of $56.05. The company has a current ratio of 2.52, a quick ratio of 1.98 and a debt-to-equity ratio of 0.11.

CTS Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, June 26th were paid a $0.04 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. CTS’s dividend payout ratio (DPR) is presently 6.84%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in CTS by 11.2% during the 1st quarter. Royal Bank of Canada now owns 7,036 shares of the electronics maker’s stock valued at $292,000 after buying an additional 710 shares in the last quarter. Captrust Financial Advisors grew its stake in CTS by 12.1% in the 2nd quarter. Captrust Financial Advisors now owns 8,113 shares of the electronics maker’s stock worth $346,000 after acquiring an additional 876 shares in the last quarter. Entropy Technologies LP bought a new position in CTS in the 3rd quarter worth about $341,000. AQR Capital Management LLC increased its position in shares of CTS by 19.4% during the first quarter. AQR Capital Management LLC now owns 9,576 shares of the electronics maker’s stock worth $398,000 after acquiring an additional 1,558 shares during the period. Finally, Amundi increased its position in shares of CTS by 9.7% during the first quarter. Amundi now owns 11,542 shares of the electronics maker’s stock worth $480,000 after acquiring an additional 1,019 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Key Headlines Impacting CTS

Here are the key news stories impacting CTS this week:

• Positive Sentiment: CTS reported second-quarter revenue of $144.8 million, up 7% year over year and ahead of the $143.4 million consensus estimate. Reported EPS was $0.74, $0.13 above expectations; the company also cited adjusted diluted EPS of $0.66, compared with $0.62 a year earlier. CTS Announces Second Quarter 2026 Results
• Positive Sentiment: The company raised its FY 2026 adjusted EPS outlook to $2.55-$2.70, above the $2.43 analyst consensus. Its revenue forecast of $565 million-$585 million brackets consensus of $571.1 million, with the midpoint modestly above expectations. CTS Q2 2026 Sales Rise 7 Percent as Outlook Increases
• Positive Sentiment: Profitability and cash generation improved: adjusted gross margin increased to 41.5% from 38.7%, net income rose to $19.2 million from $18.5 million, and operating cash flow grew to $33.4 million from $28.4 million. Diversified end-market sales climbed 15% and accounted for 59% of revenue. CTS Second-Quarter Results
• Negative Sentiment: Transportation-market sales declined 2% year over year, indicating continued weakness in an important end market and partially offsetting stronger diversified-market demand. CTS Q2 2026 Sales Rise 7 Percent as Outlook Increases

Analysts Set New Price Targets

A number of research analysts have weighed in on CTS shares. Zacks Research cut shares of CTS from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CTS in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.