NYSE:CTSElectronic
CTS (CTS) Stock Climbs On Record Margins As Valuation Questions Grow
CTS stock jumped 7.1% to US$64.72 on Tuesday as investors rushed to price in a punchy second quarter. The headline is clear for you as a shareholder: margins hit fresh highs and adjusted earnings beat the steady revenue base.
Behind that price pop, CTS delivered record adjusted gross margin and record adjusted diluted earnings per share, helped by foreign exchange and a customer reimbursement. The move leaves the stock trading above a recently estimated discounted cash flow value, which puts...