CTS Corp reports results for the quarter ended June 30 - Earnings Summary

• CTS Corp CTS reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 54 cents. The lone analyst forecast for the quarter was for earnings of 55 cents per share.

• Revenue rose 4% to $135.31 million from a year ago; analysts expected $132.65 million.

• CTS Corp's reported EPS for the quarter was 62 cents​.

• CTS Corp shares had fallen by 5.1% this quarter and lost 23.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is "buy."

• Wall Street's median 12-month price target for CTS Corp is $43.00, about 6% above its last closing price of $40.44

This summary was machine generated from LSEG data July 24 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)