DTS (DTSI) Releases Quarterly Earnings, Beats Expectations By $0.18 EPS
DTS (NASDAQ: DTSI) announced its earnings results on Monday. The company reported $0.33 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.52 earnings per share.
On the ratings front, 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.
One investment analyst has rated the stock with a buy rating, four have assigned a hold rating, and one has issued a sell rating to the company’s stock. DTS currently has an average rating of “hold” and an average target price of $17.83.
DTS (DTSI) traded down 0.44% on Monday, hitting $20.54. DTS (DTSI) has a 1-year low of $13.90 and a 1-year high of $32.00. The stock’s 50-day moving average is currently $19.53. The company’s market cap is $376.5 million.
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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