CTS: Q4 Earnings Insights

Shares of CTS CTS decreased 0.2% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share rose 16.22% year over year to $0.43, which beat the estimate of $0.34.

Revenue of $123,018,000 rose by 6.93% from the same period last year, which beat the estimate of $117,020,000.

Guidance

CTS said it sees FY21 adjusted EPS of $1.20-$1.60 and sales of $430 million-$490 million.

Details Of The Call

Date: Feb 09, 2021

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/9gthdhi5

Recent Stock Performance

52-week high: $37.26

Company's 52-week low was at $17.92

Price action over last quarter: Up 20.80%

Company Description

CTS Corp operates into the electronics industry. The company is a global manufacturer of sensors, electronic components, and actuators. It designs, manufacture, and sell a broad line of sensors, electronic components, and actuators primarily to original equipment manufacturers ("OEMs") for the aerospace and defence, industrial, information technology, medical, telecommunications, and transportation markets. The group operates in the markets of the United States, Singapore, Taiwan, China generating a majority of revenue from the U.S. market.