CTS Announces First Quarter 2020 Results
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Stephens Reiterates Equal Weight Rating on CTS Corp (CTS) Following 1Q Beat
April 24, 2020 7:11 AM EDTStephens analyst Justin Long reiterated an Equal Weight rating and $25.00 price target on CTS Corp (NYSE: CTS) following the company's 1Q earnings report. CTS reported 1Q20 adj. EPS that was a penny above consensus and in line with the midpoint of guidance.
Looking ahead,... More
CTS Corp. (CTS) Tops Q1 EPS by 5c, Revenues Beat
April 23, 2020 8:04 AM EDTCTS Corp. (NYSE: CTS) reported Q1 EPS of $0.19, $0.05 better than the analyst estimate of $0.14. Revenue for the quarter came in at $103.1 million versus the consensus estimate of $94.17 million.
Sales were $103.1 million, down 12.4% year-over-year. Sales to transportation customers declined 22.0%, and sales to other end markets grew 7.1%. The QTI... More