CTS Corporation (NYSE:CTS) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.24 per share.
Looking ahead, the full year income are expected at $ 0.87 per share on the revenues of $ 402.51 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 450.00 million ~ $ 480.00 million, where as bottomline are predicted in a range of $ 1.35 ~ $ 1.60 per share
Click Here For More Historical Outlooks Of CTS Corporation
Previous Quarter Performance
CTS Corporation unwinded income for the second quarter of $ 0.16 per share, from the revenue of $ 84.20 million. The quarterly earnings 60.00 percent while revenues declined 26.99 percent compared with the same quarter last year.
According to street consensus, CTS was expected to report 2Q20 income of $ 0.07 per share from revenue of $ 89.02 million. The bottom line results beat street analysts by $ 0.09 or 128.57 percent, at the same time, top line results fell short of analysts by $ 4.82 million or 5.41 percent.
Stock Performance
Shares of CTS Corporation traded low $ -1.02 or -3.84 percent on Wednesday, reaching $ 25.53 with volume of 186.20 thousand shares. CTS Corporation has traded high as $ 26.34 and has cracked $ 25.40 on the downward trend
According to the previous trading day, closing price of $ 25.53, representing a 48.16 % increase from the 52 week low of $ 17.92 and a 15.42 % decrease over the 52 week high of $ 31.39.
The company has a market capital of $ 823.79 million and is part of the Technology sector and Electronic Components industry.
Conference Call
CTS Corporation will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ctscorp.com
CTS Corporation designs, manufactures, and sells a range of sensors, electronic components, and actuators primarily to original equipment manufacturers for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It offers sensors and actuators for use in passenger or consumer vehicles; electronic components for use in telecommunications infrastructure, information technology and other high-speed applications, switches, and potentiometers supplied to various markets; and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets. The company sells and markets its products through its sales engineers, independent manufacturers representatives, and distributors in the United States, Singapore, Taiwan, China, the Czech Republic, and internationally.
