CTS Earnings Perspective: Return On Invested Capital
Portfolio Pulse from Benzinga Insights
CTS Corporation (NYSE:CTS) reported Q1 earnings of $18.34 million, a 22.78% increase from Q4, and sales of $145.99 million, a 2.61% increase since Q4. The company posted a return on invested capital (ROIC) of 3.88%, indicating effective capital allocation. CTS's Q1 earnings per share of $0.61 beat analyst predictions of $0.58.
May 24, 2023 | 2:54 pm
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CTS Corporation reported Q1 earnings of $18.34 million, a 22.78% increase from Q4, and sales of $145.99 million, a 2.61% increase since Q4. The company posted a return on invested capital (ROIC) of 3.88%, indicating effective capital allocation. CTS's Q1 earnings per share of $0.61 beat analyst predictions of $0.58.
CTS Corporation's Q1 earnings and sales increased compared to the previous quarter, and the company's return on invested capital (ROIC) of 3.88% indicates effective capital allocation. This suggests that the company is operating at a higher level of efficiency than other companies in its industry, which could lead to higher returns and earnings per share (EPS) growth. Additionally, CTS's Q1 earnings per share of $0.61 beat analyst predictions of $0.58, which could positively impact the stock price in the short term.
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