DTS Sets New 12-Month High at $24.88 (DTSI)
DTS (NASDAQ:DTSI)’s share price hit a new 52-week high during mid-day trading on Thursday , Analyst Ratings.Net reports. The company traded as high as $24.88 and last traded at $24.15, with a volume of 42,302 shares. The stock had previously closed at $24.37.
Several analysts have recently commented on the stock. Analysts at Barrington Research upgraded shares of DTS from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 21st. They now have a $27.00 price target on the stock. Separately, analysts at Zacks upgraded shares of DTS from a “neutral” rating to an “outperform” rating in a research note on Monday, August 18th. They now have a $23.00 price target on the stock. Finally, 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. Three research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $23.50.
The stock has a 50-day moving average of $19.94 and a 200-day moving average of $19.30. The company has a market cap of $409.8 million and a P/E ratio of 13.73.
DTS (NASDAQ:DTSI) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.11 earnings per share. DTS’s revenue was up 33.1% compared to the same quarter last year. Analysts expect that DTS will post $1.47 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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