DTS Inc. (NASDAQ:DTSI) Receives Average Rating of “Hold” from Analysts
Shares of DTS Inc. (NASDAQ:DTSI) have received an average rating of “Hold” from the seven research firms that are currently covering the firm. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $36.17.
Several equities research analysts recently weighed in on the company. B. Riley restated a “buy” rating and issued a $37.00 target price on shares of DTS in a report on Saturday, August 6th. Dougherty & Co boosted their target price on DTS from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. JPMorgan Chase & Co. set a $29.00 target price on DTS and gave the stock a “hold” rating in a report on Tuesday, August 9th. Barrington Research lowered DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 20th. Finally, Zacks Investment Research upgraded DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a report on Friday, August 12th.
Shares of DTS (NASDAQ:DTSI) traded down 0.31% during trading on Friday, reaching $42.30. The company had a trading volume of 44,775 shares. The firm’s market capitalization is $743.13 million. DTS has a 12 month low of $19.62 and a 12 month high of $42.80. The stock has a 50 day moving average price of $36.91 and a 200 day moving average price of $28.10.
DTS (NASDAQ:DTSI) last posted its earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ 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 earned $48.70 million during the quarter, compared to analyst estimates of $44.61 million. During the same period in the previous year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 41.6% on a year-over-year basis. On average, equities research analysts forecast that DTS will post $2.23 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its stake in DTS by 109.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,391 shares of the company’s stock worth $143,000 after buying an additional 2,820 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in DTS during the second quarter worth about $204,000. B. Riley Financial Inc. purchased a new stake in DTS during the second quarter worth about $212,000. Thrivent Financial for Lutherans purchased a new stake in DTS during the second quarter worth about $225,000. Finally, BlackRock Advisors LLC boosted its stake in DTS by 1.5% in the second quarter. BlackRock Advisors LLC now owns 8,567 shares of the company’s stock worth $227,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.
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 & Stock 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 stocks with our FREE daily email newsletter.