Barrington Research Lowers DTS Inc. (DTSI) to Market Perform
A number of other equities research analysts also recently commented on the company. William Blair downgraded DTS from an outperform rating to a market perform rating in a research report on Tuesday. Dougherty & Co increased their price objective on DTS from $38.00 to $40.00 and gave the company a buy rating in a research report on Tuesday, August 9th. Zacks Investment Research upgraded DTS from a hold rating to a strong-buy rating and set a $37.00 price objective for the company in a research report on Friday, August 12th. JPMorgan Chase & Co. set a $29.00 price objective on DTS and gave the company a hold rating in a research report on Tuesday, August 9th. Finally, B. Riley set a $34.00 price objective on DTS and gave the company a buy rating in a research report on Monday, August 1st. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and an average target price of $38.25.
Shares of DTS (NASDAQ:DTSI) opened at 42.80 on Tuesday. DTS has a 52-week low of $19.62 and a 52-week high of $42.80. The firm’s 50-day moving average price is $33.78 and its 200-day moving average price is $26.67. The stock’s market cap is $751.91 million.
DTS (NASDAQ:DTSI) last released its earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. The firm earned $48.70 million during the quarter, compared to the consensus estimate of $44.61 million. DTS had a positive return on equity of 8.90% and a negative net margin of 6.37%. The firm’s revenue for the quarter was up 41.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, equities research analysts forecast that DTS will post $2.23 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, August 18th. DTS’s dividend payout ratio (DPR) is presently -13.11%.
Several institutional investors have recently bought and sold shares of the company. Brown Capital Management LLC increased its position in DTS by 0.5% in the second quarter. Brown Capital Management LLC now owns 3,422,163 shares of the company’s stock worth $90,516,000 after buying an additional 16,500 shares during the period. Mutual of America Capital Management LLC increased its position in DTS by 91.7% in the second quarter. Mutual of America Capital Management LLC now owns 156,880 shares of the company’s stock worth $4,149,000 after buying an additional 75,037 shares during the period. Swiss National Bank increased its position in DTS by 4.2% in the second quarter. Swiss National Bank now owns 29,700 shares of the company’s stock worth $786,000 after buying an additional 1,200 shares during the period. ClariVest Asset Management LLC increased its position in DTS by 6.1% in the second quarter. ClariVest Asset Management LLC now owns 19,000 shares of the company’s stock worth $503,000 after buying an additional 1,100 shares during the period. Finally, Louisiana State Employees Retirement System bought a new position in DTS during the second quarter worth $204,000. 99.54% 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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