DTS Inc. (DTSI) Sets New 1-Year High at $34.44
DTS Inc. (NASDAQ:DTSI)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $34.44 and last traded at $33.93, with a volume of 54,290 shares. The stock had previously closed at $34.10.
A number of equities analysts have issued reports on the company. B. Riley reiterated a “buy” rating and issued a $37.00 price objective on shares of DTS in a report on Saturday, August 6th. Dougherty & Co increased their price objective on DTS from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. JPMorgan Chase & Co. set a $29.00 price objective on DTS and gave the stock a “hold” rating in a report on Tuesday, August 9th. Barrington Research increased their price objective on DTS from $29.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. Finally, Cowen and Company reiterated a “buy” rating on shares of DTS in a report on Tuesday, May 10th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $37.33.
The firm’s 50-day moving average is $30.84 and its 200 day moving average is $25.51. The company’s market capitalization is $593.97 million.
DTS (NASDAQ:DTSI) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.18. During the same quarter in the previous year, the firm earned $0.34 EPS. The business had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $44.61 million. DTS’s revenue was up 41.6% compared to the same quarter last year. Analysts anticipate that DTS Inc. will post $2.23 EPS for the current fiscal year.
The firm also recently disclosed a special dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 22nd were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, August 18th.
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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