Brokers Set Expectations for DTS Inc.’s FY2016 Earnings (DTSI)
DTS Inc. (NASDAQ:DTSI) – Research analysts at William Blair issued their FY2016 EPS estimates for shares of DTS in a research report issued to clients and investors on Tuesday. William Blair analyst R. Schackart expects that the firm will earn $1.75 per share for the year. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for DTS’s Q4 2016 earnings at $0.49 EPS and FY2017 earnings at $2.02 EPS.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of DTS from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Tuesday, October 18th. Dougherty & Co lifted their price objective on shares of DTS from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. B. Riley restated a “buy” rating and set a $37.00 price objective on shares of DTS in a research note on Saturday, August 6th. JPMorgan Chase & Co. set a $29.00 price objective on shares of DTS and gave the company a “hold” rating in a research note on Tuesday, August 9th. Finally, Barrington Research cut shares of DTS from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. DTS presently has an average rating of “Hold” and an average price target of $39.92.
DTS (NASDAQ:DTSI) opened at 42.48 on Friday. DTS has a one year low of $19.62 and a one year high of $42.80. The stock’s 50 day moving average is $42.39 and its 200 day moving average is $31.85. The stock’s market capitalization is $746.29 million.
DTS (NASDAQ:DTSI) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The company had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $45.95 million. DTS had a positive return on equity of 11.00% and a negative net margin of 3.88%. The company’s revenue was up 58.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of DTS by 2.8% in the second quarter. Principal Financial Group Inc. now owns 123,066 shares of the company’s stock worth $3,255,000 after buying an additional 3,305 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of DTS during the second quarter worth $230,000. JPMorgan Chase & Co. boosted its position in shares of DTS by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 9,432 shares of the company’s stock worth $249,000 after buying an additional 35 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of DTS by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 83,801 shares of the company’s stock worth $2,217,000 after buying an additional 2,245 shares in the last quarter. Finally, Lapides Asset Management LLC boosted its position in shares of DTS by 9.7% in the second quarter. Lapides Asset Management LLC now owns 443,700 shares of the company’s stock worth $11,736,000 after buying an additional 39,200 shares in the last quarter. 97.82% of the stock is currently owned by hedge funds and other institutional investors.
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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