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DTS Inc. (NASDAQ:DTSI) updated its FY14 earnings guidance on Monday. The company provided EPS guidance of $1.40-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.29, Stock Ratings News reports. The company issued revenue guidance of $137-142 million, compared to the consensus revenue estimate of $134.78 million.

On a related note, 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.

Shares of DTS Inc. (NASDAQ:DTSI) traded up 1.18% on Monday, hitting $18.79. 114,948 shares of the company’s stock traded hands. DTS Inc. has a 1-year low of $16.76 and a 1-year high of $24.65. The stock has a 50-day moving average of $18.78 and a 200-day moving average of $19.13. The company has a market cap of $324.8 million and a P/E ratio of 14.77.

DTS (NASDAQ:DTSI) last announced its earnings results on Monday, August 11th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.33. The company had revenue of $36.20 million for the quarter, compared to the consensus estimate of $28.48 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. Analysts expect that DTS Inc. will post $1.29 EPS for the current fiscal year.

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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