CTS Corporation (CTS) Releases Earnings Results, Beats Expectations By $0.04 EPS

CTS Corporation (CTS) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.26 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.22. The company posted revenue of $96.70 million in the period, compared to analysts expectations of $94.60 million. The company’s revenue was down -1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

CTS Corporation closed down -0.35 points or -2.11% at $16.22 with 93,295 shares getting traded on Monday. Post opening the session at $16.52, the shares hit an intraday low of $16.08 and an intraday high of $16.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Oct 28, 2015, Ashish Agrawal (CFO) sold 48 shares at $20.01 per share price. According to the SEC, on May 5, 2015, Walter S Catlow (director) sold 9,720 shares at $18.06 per share price. On Mar 3, 2015, Kieran M O’sullivan (Chairman, President & CEO) sold 5,501 shares at $17.52 per share price, according to the Form-4 filing with the securities and exchange commission.

CTS Corporation (CTS) is a global manufacturer of sensors electronic components and actuators. The Company designs manufactures and sells a line of sensors electronic components and actuators primarily to original equipment manufacturers (OEMs) for the automotive communications defense and aerospace medical industrial and computer markets. The Company’s other products include Mechatronics & Micro-mechatronics Frequency Products & Filters Electro Ceramics and Electronic Components & Modules. Its markets consist principally of 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 used to serve multiple markets and fabricated piezoelectric materials and substrates used primarily in medical industrial defense and aerospace and computer markets.

CTS Corporation

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