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Last $19.01 USD
Change Today -0.20 / -1.04%
Volume 71.3K
CTS On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

cts corp (CTS) Snapshot

Open
$19.29
Previous Close
$19.21
Day High
$19.29
Day Low
$19.00
52 Week High
06/23/15 - $19.57
52 Week Low
01/15/15 - $15.30
Market Cap
631.1M
Average Volume 10 Days
105.7K
EPS TTM
$0.97
Shares Outstanding
33.2M
EX-Date
06/24/15
P/E TM
19.7x
Dividend
$0.16
Dividend Yield
0.84%
Current Stock Chart for CTS CORP (CTS)

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cts corp (CTS) Details

CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers. It 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 its products through its sales engineers, independent manufacturers' representatives, and distributors. It operates in China, Germany, Japan, Scotland, Singapore, India, Taiwan, and the United States. CTS Corporation was founded in 1896 and is based in Elkhart, Indiana.

2,948 Employees
Last Reported Date: 02/24/15
Founded in 1896

cts corp (CTS) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $657.0K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $281.0K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $260.0K
Vice President and General Manager of Sensors...
Total Annual Compensation: $255.0K
Compensation as of Fiscal Year 2014.

cts corp (CTS) Key Developments

CTS Corporation Announces Managements Changes

On June 26, 2015, Anthony Urban notified CTS Corporation of his resignation as vice president and general manager, sensors and mechatronics, effective July 6, 2015. In connection with Mr. Urban’s resignation, the board of directors has appointed Rajeeb Nath, as vice president, sensors and Mechatronics of the company, effective July 6, 2015. The company and Mr. Urban entered into a transition agreement dated June 26, 2015, to provide for an orderly transition of duties, responsibilities and authority to Mr. Nath, and to set out the compensation arrangement between the company and Mr. Urban during and as a result of this transition period. Under the transition agreement, Mr. Urban will remain actively employed at the company until July 17, 2015, and employed through December 25, 2015.

CTS Corporation Declares Second Quarter Dividend Payable July 31, 2015

The Board of Directors of CTS Corporation announced the second quarter dividend of $0.04 per share, payable July 31, 2015, to shareholders of record at the close of business on June 26, 2015.

CTS Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2015; Reaffirms Earnings Guidance for the Full Year of Fiscal 2015

CTS Corporation reported unaudited consolidated earnings results for the first quarter ended March 29, 2015. For the quarter, net sales were $98.3 million, down 2.4% compared to $100.7 million for the first quarter of 2014, driven primarily by an unfavorable currency impact of $2.3 million as the US Dollar appreciated against the Euro and Chinese Renminbi. GAAP net earnings were $6.3 million or $0.19 per basic and diluted share, compared to $5.1 million or $0.15 per basic and diluted share from continuing operations in the first quarter of 2014. Operating earnings were $10.5 million against $10.8 million last year. Earnings before income taxes were $9.0 million against $9.0 million last year. Adjusted diluted earnings per share were $0.20 compared to $0.19 in the first quarter of 2014. Currency impacted net earnings unfavorably by $1.7 million due to balance sheet translation of assets denominated in European currencies. Operating cash flow was a positive $483,000 versus a cash usage of $6.1 million in the same period a year ago. Capital expenditures were $1.2 million compared to $2.8 million in the first quarter of 2014. The company reaffirmed earnings guidance for full year of fiscal 2015. For the year, the company expects sales in the range of $400 million to $430 million and adjusted earnings per diluted share in the range of $0.98 to $1.10.

 

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Industry Analysis

CTS

Industry Average

Valuation CTS Industry Range
Price/Earnings 23.3x
Price/Sales 1.6x
Price/Book 2.2x
Price/Cash Flow 22.8x
TEV/Sales 1.0x
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