Shares of DTS Inc. (NASDAQ:DTSI) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm. Five investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $36.17.
Several analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $37.00 price target on shares of DTS in a report on Saturday, August 6th. Dougherty & Co raised their price objective on DTS from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. JPMorgan Chase & Co. set a $29.00 price objective on DTS and gave the company a “hold” rating in a report on Tuesday, August 9th. Barrington Research cut DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. Finally, Zacks Investment Research raised DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a report on Friday, August 12th.
A number of institutional investors have recently bought and sold shares of DTSI. BNP Paribas Arbitrage SA raised its position in DTS by 109.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,391 shares of the company’s stock valued at $143,000 after buying an additional 2,820 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in DTS during the second quarter valued at about $204,000. B. Riley Financial Inc. bought a new position in DTS during the second quarter valued at about $212,000. Thrivent Financial for Lutherans bought a new position in DTS during the second quarter valued at about $225,000. Finally, BlackRock Advisors LLC raised its position in DTS by 1.5% in the second quarter. BlackRock Advisors LLC now owns 8,567 shares of the company’s stock valued at $227,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.
DTS (NASDAQ:DTSI) opened at 42.30 on Friday. The firm has a 50-day moving average price of $37.17 and a 200 day moving average price of $28.25. The firm’s market capitalization is $743.13 million. DTS has a 52 week low of $19.62 and a 52 week high of $42.80.
DTS (NASDAQ:DTSI) last released its quarterly earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.18. DTS had a positive return on equity of 8.90% and a negative net margin of 6.37%. The firm had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $44.61 million. During the same quarter last year, the firm posted $0.34 EPS. The company’s revenue was up 41.6% compared to the same quarter last year. On average, equities research analysts forecast that DTS will post $2.23 earnings per share for the current fiscal year.
DTS Company Profile
DTS, Inc is an audio technology solutions provider for high-definition entertainment experiences. The Company’s audio solutions are designed to enable recording, delivery and playback of high-definition audio, and are included by licensee customers around the world into a range of consumer electronics devices, including televisions, personal computers (PCs), smartphones, tablets, digital media players (DMPs), set-top-boxes, soundbars, wireless speakers, video game consoles, Blu-ray Disc players, automotive audio systems, audio/video receivers (AVRs), digital versatile disc (DVD)-based products and home theater systems.
Receive News & Ratings for DTS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.