JPMorgan Chase & Co. Increases DTS Price Target to $22.50 (DTSI)
Research analysts at JPMorgan Chase & Co. hoisted their target price on shares of DTS (NASDAQ:DTSI) from $19.50 to $22.50 in a report released on Tuesday. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 20.06% from the stock’s previous close.
DTS (NASDAQ:DTSI) opened at 18.79 on Tuesday. DTS 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 price-to-earnings ratio of 14.77.
DTS (NASDAQ:DTSI) last released its earnings data 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 will post $1.29 EPS for the current fiscal year.
Separately, 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, 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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