DTS (DTSI) Releases FY13 Earnings Guidance
DTS (DTSI) issued an update on its FY13 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.05-1.20 for the period, compared to the Thomson Reuters consensus estimate of $1.11. The company issued revenue guidance of $140-146 million, compared to the consensus revenue estimate of $146.48 million.
On a related note, analysts at Zacks upgraded shares of DTS from an underperform rating to a neutral rating in a research note to investors on Wednesday, January 9th. They now have a $17.60 price target on the stock.
One analyst has rated the stock with a buy rating, four have assigned a hold rating, and one has assigned a sell rating to the company. The stock presently has a consensus rating of hold and a consensus target price of $17.83.
DTS (DTSI) traded down 0.44% on Monday, hitting $20.54. DTS (DTSI) has a 52-week low of $13.90 and a 52-week high of $32.00. The stock’s 50-day moving average is currently $19.53. The company’s market cap is $376.5 million.
DTS last announced its earnings results on Monday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.18. The company had revenue of $29.80 million for the quarter, compared to the consensus estimate of $31.16 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. DTS has set its FY13 guidance at $1.05-1.20 EPS. Analysts expect that DTS (DTSI) will post $0.10 EPS for the current fiscal year.
DTS, Inc. is a provider of branded entertainment technologies, which are incorporated into an array of entertainment products by licensee customers worldwide.
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