DTS Inc. (DTSI) Downgraded by Barrington Research to “Market Perform”
DTS Inc. (NASDAQ:DTSI) was downgraded by research analysts at Barrington Research from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, The Fly reports.
DTSI has been the subject of several other research reports. Zacks Investment Research raised DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Friday, August 12th. JPMorgan Chase & Co. set a $29.00 price objective on DTS and gave the company a “hold” rating in a report on Tuesday, August 9th. Dougherty & Co boosted their price objective on DTS from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. William Blair cut DTS from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, B. Riley reissued a “buy” rating and issued a $37.00 price objective on shares of DTS in a report on Thursday, August 11th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $37.33.
Shares of DTS (NASDAQ:DTSI) traded up 23.04% during trading on Tuesday, hitting $42.24. The stock had a trading volume of 2,928,181 shares. The firm’s 50-day moving average is $32.54 and its 200 day moving average is $26.30. The firm’s market cap is $742.07 million. DTS has a 52-week low of $19.62 and a 52-week high of $42.39.
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DTS (NASDAQ:DTSI) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.18. The business earned $48.70 million during the quarter, compared to analysts’ expectations of $44.61 million. DTS had a positive return on equity of 8.90% and a negative net margin of 6.37%. The company’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. On average, analysts expect that DTS will post $2.23 EPS for the current year.
The firm also recently declared a special dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 22nd were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, August 18th. DTS’s payout ratio is -13.11%.
Institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management boosted its position in DTS by 14.8% in the fourth quarter. Fisher Asset Management now owns 95,157 shares of the company’s stock worth $2,149,000 after buying an additional 12,278 shares during the last quarter. American Century Companies Inc. boosted its position in shares of DTS by 1.0% in the fourth quarter. American Century Companies Inc. now owns 39,022 shares of the company’s stock worth $881,000 after buying an additional 376 shares during the last quarter. ClariVest Asset Management LLC boosted its position in shares of DTS by 17.2% in the fourth quarter. ClariVest Asset Management LLC now owns 17,700 shares of the company’s stock worth $400,000 after buying an additional 2,600 shares during the last quarter. Smith Graham & Co. Investment Advisors LP boosted its position in shares of DTS by 15.4% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 237,316 shares of the company’s stock worth $5,359,000 after buying an additional 31,710 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its position in shares of DTS by 23.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 930,183 shares of the company’s stock worth $21,004,000 after buying an additional 174,201 shares during the last quarter. 99.54% of the stock is owned by institutional investors.
DTS, Inc is an audio technology solutions provider for high-definition entertainment experiences. The Company’s audio solutions are designed to enable recording, delivery and playback of high-definition audio, and are included by licensee customers around the world into a range of consumer electronics devices, including televisions, personal computers (PCs), smartphones, tablets, digital media players (DMPs), set-top-boxes, soundbars, wireless speakers, video game consoles, Blu-ray Disc players, automotive audio systems, audio/video receivers (AVRs), digital versatile disc (DVD)-based products and home theater systems.
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