DTS Rating Lowered to Market Perform at Avondale Partners (DTSI)
A number of other analysts have also recently weighed in on DTSI. Analysts at Piper Jaffray cut their price target on shares of DTS from $16.00 to $14.00 in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. 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.
Two analysts have rated the stock with a buy rating, five have given a hold rating, and one has assigned a sell rating to the company’s stock. DTS presently has an average rating of “hold” and a consensus target price of $17.33.
Shares of DTS (NASDAQ: DTSI) traded down 3.34% during mid-day trading on Friday, hitting $17.93. DTS has a one year low of $13.90 and a one year high of $32.00. The stock’s 50-day moving average is currently $19.5. The company’s market cap is $331.1 million.
DTS (NASDAQ: DTSI) last released its earnings data 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 will post $1.08 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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