Last $17.73 USD
Change Today -0.03 / -0.17%
Volume 133.4K
CTS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 6:40 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

cts corp (CTS) Snapshot

Open
$17.78
Previous Close
$17.76
Day High
$17.88
Day Low
$17.55
52 Week High
04/2/14 - $21.65
52 Week Low
08/29/13 - $13.70
Market Cap
595.8M
Average Volume 10 Days
47.7K
EPS TTM
$1.16
Shares Outstanding
33.6M
EX-Date
09/24/14
P/E TM
15.3x
Dividend
$0.16
Dividend Yield
0.87%
Current Stock Chart for CTS CORP (CTS)

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cts corp (CTS) Details

CTS Corporation designs, manufactures, and sells electronic components and sensors primarily to original equipment manufacturers. The company offers automotive sensors and actuators used in commercial or consumer vehicles; electronic components used in communications infrastructure and computer markets; components used in computer and other high-speed applications, switches, resistor networks, and potentiometers; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, defense and aerospace, and computer markets. The company markets and sells its products through its sales engineers, independent manufacturers’ representatives, and distributors. It has operations in China, Japan, Scotland, Singapore, India, Taiwan, and the United States. CTS Corporation was founded in 1896 and is based in Elkhart, Indiana.

2,918 Employees
Last Reported Date: 03/3/14
Founded in 1896

cts corp (CTS) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $971.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $251.5K
Vice President of Europe & Asia Sales and Bus...
Total Annual Compensation: $248.1K
Vice President, General Manager of Sensors an...
Total Annual Compensation: $228.0K
Compensation as of Fiscal Year 2013.

cts corp (CTS) Key Developments

CTS Corporation Declares Third Quarter Dividend Payable on October 31, 2014

The Board of Directors of CTS Corporation announced the third quarter dividend of $0.04 per share, payable on October 31, 2014, to shareholders of record at the close of business on September 26, 2014.

CTS Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2014; Revises Earnings Guidance for the Full Year of 2014; Provides Capex Guidance for the Second Half of 2014

CTS Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 29, 2014. For the quarter, the company reported revenues of $102,890,000, down 2.3% compared to $105,381,000, for the second quarter of 2013. Operating earnings were $9,945,000 against $2,443,000 a year ago. Earnings from continuing operations before income taxes were $9,642,000 against $2,229,000 a year ago. Earnings from continuing operations were $11,441,000 $0.19 per basic and diluted share against loss from continuing operations of $7,266,000 or $0.31 per basic and diluted share, for the same period last year. Net earnings attributable to the company was $6,361,000, or $0.19 per basic and diluted share compared to net loss attributable to the company of $11,335,000, or $0.34 per basic and diluted share in the same period last year. Adjusted earnings from continuing operations were $0.25 per share compared to $0.22 per share in the same period last year. For the six months, the company reported net sales of $203,686,000 against $203,443,000 a year ago. Operating earnings were $20,790,000 against $5,124,000 a year ago. Earnings from continuing operations before income taxes were $18,667,000 against $3,910,000 a year ago. Earnings from continuing operations were $6,361,000 or $0.33 per diluted share against loss from continuing operations of $10, 253,000, for the same period last year. Net earnings attributable to the company was $11,441,000, or $0.34 per basic and diluted share compared to net loss attributable to the company of $7,767,000, or $022 per basic and diluted share in the same period last year. Adjusted earnings per share were $0.44 against $0.33 a year ago. Operating cash flow was $10.1 million in the first half of 2014 compared to $10.2 million in the first half of last year. Capital expenditures were $6 million in the first half of 2014. The company is adjusting its earnings guidance for the full year of 2014. Sales for 2014 are expected to be in the range of $400 million to $415 million, due to the challenges with electronic components products. Adjusted earnings per diluted share are expected to be at the lower end of it's guidance range of $0.96 and $1.02. The company is making progress on improving cost structure and expects to achieve substantial earnings growth in 2014. The company expects effective tax rate to be in the low 30s range, excluding the impact of restructuring and onetime charges. The company expects higher CapEx in the second half of 2014 due to timing in various projects.

CTS Corporation to Report Q2, 2014 Results on Jul 28, 2014

CTS Corporation announced that they will report Q2, 2014 results at 4:30 PM, Eastern Daylight on Jul 28, 2014

 

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Industry Analysis

CTS

Industry Average

Valuation CTS Industry Range
Price/Earnings 29.7x
Price/Sales 1.5x
Price/Book 2.0x
Price/Cash Flow 39.1x
TEV/Sales 1.0x
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