DTS (DTSI) Posts Quarterly Earnings, Beats Expectations By $0.33 EPS
DTS (NASDAQ:DTSI) issued its quarterly earnings data on Monday. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.33, AnalystRatings.Net reports. The company had revenue of $36.20 million for the quarter, compared to the consensus estimate of $28.48 million.
On the ratings front, analysts at B. Riley initiated coverage on shares of DTS in a research note on Tuesday, July 1st. They set a “buy” rating and a $24.00 price target on the stock.
DTS (NASDAQ:DTSI) traded up 1.18% during mid-day trading on Monday, hitting $18.79. 113,619 shares of the company’s stock traded hands. DTS has a 52-week low of $16.76 and a 52-week high of $24.65. The stock’s 50-day moving average is $18.76 and its 200-day moving average is $19.21. The company has a market cap of $324.8 million and a price-to-earnings ratio of 14.77.
DTS, Inc is a provider of audio technologies that are incorporated into a range of consumer electronics devices by hundreds of licensee customers worldwide.
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