CTS

CTS Corp Trading Update: CTS Corp shares have reached an oversold level with an RSI of 26.2, indicating potential buying opportunities as the stock trades at $42.80, near its 52-week low of $42.48.

Market Comparison: The current RSI for the S&P 500 ETF is 39.7, suggesting that CTS's recent selling pressure may be subsiding, prompting bullish investors to consider entry points.

Market Inefficiency Critique: Voss Capital expresses skepticism about the stock market's current inefficiencies, describing it as a "perpetual paradox machine" that does not provide clarity or cohesion.

Fund Perspective: The Houston-based fund highlights its critical stance on the stock market dynamics, suggesting a lack of coherence in market behavior.

Dividend Declaration: CTS Corporation announces a quarterly dividend of $0.04 per share, maintaining the same rate as before, with a forward yield of 0.34%. The dividend is payable on April 25 to shareholders recorded by March 28.

Financial Outlook: CTS Corporation projects revenue between $520 million and $550 million for 2025 while missing both top-line and bottom-line estimates for Q4 2024.

Dividend Declaration: CTS Corporation has announced a cash dividend of $0.04 per share, payable on April 25, 2025, to shareholders of record by March 28, 2025.

Company Overview: CTS Corporation is a prominent manufacturer of sensors, actuators, and electronic components, serving various markets including aerospace, industrial, medical, and transportation across North America, Europe, and Asia.

CTS Corp Trading Update: CTS Corp shares have entered oversold territory with an RSI of 25.2, indicating potential exhaustion of recent selling pressure and possible buying opportunities for investors.

52 Week Performance Insight: The stock's 52-week range shows a low of $40.96 and a high of $59.68, with the last trade recorded at $47.04.

Earnings Report: CTS Corp reported a decrease in fourth-quarter earnings to $13.61 million ($0.45 per share), down from $15.32 million ($0.49 per share) last year, missing analysts' expectations of $0.54 per share.

Revenue Growth: Despite the earnings decline, the company's revenue increased by 2.2% to $127.44 million compared to $124.69 million in the previous year.

Earnings Guidance for 2025: CTS Corp. has announced its adjusted earnings guidance for fiscal 2025, projecting earnings between $2.20 and $2.35 per share with sales expected to range from $520 million to $550 million.

Analysts' Expectations: Analysts anticipate the company will report earnings of $2.37 per share on sales of approximately $551.56 million, which typically excludes special items.

PRIDE Mobility Lobbying Disclosure: PRIDE Mobility Products Corp disclosed $30,000 in lobbying efforts for Q4 2024, focusing on Medicare coverage, DME industry relief, and wheelchair legislation reforms.

CTS Stock Insider Trading Activity: In the past six months, insiders of CTS have sold shares six times without any purchases, while 90 institutional investors increased their holdings and 104 decreased them in the last quarter.

Earnings Announcement: CTS Corporation will announce its Q4 and full-year 2024 earnings on February 4, 2025, at 8:00 a.m. ET, followed by a conference call at 10:00 a.m. ET accessible via dial-in numbers or a live audio webcast.

Insider Trading Activity: In the past six months, there have been six insider trades of $CTS stock, all being sales, with 90 institutional investors increasing their shares and 105 decreasing their positions in the most recent quarter.

Earnings Release Announcement: CTS Corporation will announce its fourth quarter and full-year 2024 earnings on February 4, 2025, at 8:00 a.m. (ET), followed by a conference call at 10:00 a.m. (ET) to discuss the results.

Company Overview: CTS is a prominent designer and manufacturer of sensors, actuators, and electronic components for various markets including aerospace, industrial, medical, and transportation, with operations in North America, Europe, and Asia.

Event Participation: CTS Corporation's CEO, Kieran O'Sullivan, will speak at the 27th Annual Needham Growth Conference on January 14, 2025, with a live webcast available for viewing.

Company Overview: CTS Corporation specializes in designing and manufacturing sensors, actuators, and electronic components across various markets including aerospace, industrial, medical, and transportation.

Market Performance: European automobile stocks suffered losses amid geopolitical tensions, with the pan-European STOXX 600 index declining for the fifth consecutive session, primarily influenced by uncertainties surrounding the Ukraine-Russia conflict and disappointing forecasts from chip giant Nvidia.

Sector Highlights: The insurance sector was a notable gainer due to positive results from Zurich Insurance and PZU, while other sectors like technology faced declines, particularly in chip stocks, despite some companies like Soitec reporting strong performance.

European Stock Market Performance: Europe's main stock index, the STOXX 600, rose by 0.5% after a four-day losing streak, driven by gains in energy and tech stocks amid geopolitical tensions related to the Ukraine-Russia conflict.

Sector Highlights and Economic Concerns: Energy stocks gained due to rising oil prices, while defense stocks also saw an increase; however, Euro zone consumer confidence fell, and concerns about the impact of U.S. politics and economic issues in the euro zone persist.

Dividend Declaration: CTS Corporation has announced a cash dividend of $0.04 per share, payable on January 31, 2025, to shareholders recorded by December 27, 2024.

Company Overview: CTS Corporation is a prominent manufacturer of sensors, actuators, and electronic components, serving various markets including aerospace, industrial, medical, and transportation across North America, Europe, and Asia.

Earnings Report: CTS Corp reported a profit of $18.683 million ($0.61 per share) for Q3, an increase from $13.971 million ($0.44 per share) in the same quarter last year, despite a 1.6% decline in revenue to $132.424 million.

Future Guidance: The company provided full-year EPS guidance of $2.05 to $2.25 and revenue guidance of $515 to $525 million.

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Stock Performance Overview: CTS has a 52-week low of $35.50 and a high of $55.47, with the last trade recorded at $47.20.

Market Analysis Note: The article mentions other stocks that have recently fallen below their 200-day moving average.

Earnings Release Announcement: CTS Corporation will release its third quarter 2024 earnings on October 29, 2024, at 8:00 a.m. (ET), followed by a conference call at 10:00 a.m. (ET) to discuss the results.

Company Overview: CTS is a manufacturer of sensors, actuators, and electronic components, serving various markets including aerospace, defense, industrial, medical, and transportation across North America, Europe, and Asia.

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Upcoming Ex-Dividend Dates: On 9/27/24, Flowserve Corp (FLS), CTS Corp (CTS), and ESAB Corp (ESAB) will trade ex-dividend, with respective dividends of $0.21, $0.04, and $0.08 scheduled for payment on 10/11/24 and 10/25/24.

Market Impact and Historical Context: Following the ex-dividend date, shares are expected to open lower by approximately 0.40% for FLS and 0.08% for both CTS and ESAB; historical dividend stability can help assess future yield expectations, estimated at 1.61% for FLS, 0.33% for CTS, and 0.30% for ESAB.