B. Riley Weighs in on DTS Inc.’s FY2016 Earnings (DTSI)
DTS Inc. (NASDAQ:DTSI) – B. Riley cut their FY2016 EPS estimates for DTS in a research note issued to investors on Tuesday. B. Riley analyst E. Wold now forecasts that the firm will post earnings per share of $1.72 for the year, down from their prior forecast of $1.73. B. Riley currently has a “Neutral” rating and a $42.50 price objective on the stock. B. Riley also issued estimates for DTS’s Q4 2016 earnings at $0.47 EPS, Q1 2017 earnings at $0.45 EPS, Q2 2017 earnings at $0.53 EPS, Q3 2017 earnings at $0.51 EPS, Q4 2017 earnings at $0.61 EPS and FY2017 earnings at $2.09 EPS.
DTS (NASDAQ:DTSI) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.01. The company earned $48.70 million during the quarter, compared to the consensus estimate of $45.95 million. DTS had a negative net margin of 3.88% and a positive return on equity of 11.00%. The firm’s revenue for the quarter was up 58.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share.
A number of other brokerages also recently issued reports on DTSI. William Blair downgraded DTS from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 20th. Zacks Investment Research downgraded DTS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. Barrington Research boosted their price objective on DTS from $29.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. Finally, Dougherty & Co downgraded DTS from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. DTS currently has an average rating of “Hold” and an average price target of $39.92.
Shares of DTS (NASDAQ:DTSI) opened at 42.48 on Friday. The firm’s market capitalization is $746.29 million. The stock has a 50 day moving average price of $42.39 and a 200-day moving average price of $31.85. DTS has a 52-week low of $19.62 and a 52-week high of $42.80.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its position in DTS by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,880 shares of the company’s stock worth $165,000 after buying an additional 60 shares during the period. Capstone Asset Management Co. purchased a new position in DTS during the third quarter worth $222,000. BNP Paribas Arbitrage SA increased 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 worth $143,000 after buying an additional 2,820 shares during the period. Aperio Group LLC purchased a new position in DTS during the third quarter worth $273,000. Finally, Chicago Capital Management LLC purchased a new position in DTS during the third quarter worth $283,000. 97.82% of the stock is currently owned by institutional investors and hedge funds.
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.
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