DTS Lifted to “Outperform” at Barrington Research (DTSI)
DTS (NASDAQ:DTSI) was upgraded by equities research analysts at Barrington Research from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Shares of DTS (NASDAQ:DTSI) opened at 21.44 on Thursday. DTS has a one year low of $16.76 and a one year high of $24.65. The stock has a 50-day moving average of $19.37 and a 200-day moving average of $19.14. The company has a market cap of $365.3 million and a P/E ratio of 12.29.
DTS (NASDAQ:DTSI) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. Analysts expect that DTS will post $1.43 EPS for the current fiscal year.
A number of other firms have also recently commented on DTSI. Analysts at Zacks upgraded shares of DTS from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $23.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of DTS from $20.50 to $21.00 in a research note on Tuesday, August 12th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of DTS from $19.50 to $22.50 in a research note on Tuesday, August 12th. Three equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $22.63.
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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