For its first fiscal quarter (ending March 31), CTS Corp (NYSE: CTS) has reported a -38% decline in E.P.S. from $0.58 a year ago to $0.36 in the current quarter. This performance was $-0.21 short of the consensus estimate of $0.57. For the latest four quarters through March 31, E.P.S. were $1.71 compared to $1.81 a year ago — a decline of -6%.
Recent Price Action
CTS Corp (NYSE: CTS) stock enjoyed a large increase of 3.7% on 5/1/24. The stock closed at $47.42. Moreover, this advance was accompanied by exceptionally high trading volume at 210% of normal. The stock has performed in line with the market over the last nine months and has risen 4.2% during the last week.
Current PriceTarget Research Rating
CTS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
CTS has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. CTS has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 30, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment