DTS Inc. (DTSI) Downgraded to “Hold” at Zacks Investment Research
DTS Inc. (NASDAQ:DTSI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “DTS, Inc. is a digital technology company dedicated to delivering the ultimate entertainment experience. DTS decoders are in virtually every major brand of 5.1-channel surround processors, and there are more than 300 million DTS-licensed consumer electronics products available worldwide. A pioneer in multi-channel audio, DTS technology is in home theatre, car audio, PC and game console products, as well as DVD-Video, Surround Music and DVD-ROM software. “
Other equities research analysts have also issued research reports about the stock. B. Riley restated a “buy” rating and issued a $37.00 target price on shares of DTS in a report on Thursday, August 11th. Dougherty & Co upped their price objective on shares of DTS from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. JPMorgan Chase & Co. set a $29.00 price objective on shares of DTS and gave the stock a “hold” rating in a research report on Tuesday, August 9th. Barrington Research upped their price objective on shares of DTS from $29.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Finally, William Blair downgraded shares of DTS from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 20th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. DTS presently has a consensus rating of “Hold” and an average target price of $38.25.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/dts-inc-dtsi-downgraded-to-hold-at-zacks-investment-research.html
DTS (NASDAQ:DTSI) traded down 0.09% during midday trading on Tuesday, hitting $42.32. 90,611 shares of the stock were exchanged. The firm’s market capitalization is $743.48 million. The firm’s 50-day moving average price is $37.42 and its 200 day moving average price is $28.50. DTS has a 1-year low of $19.62 and a 1-year high of $42.80.
DTS (NASDAQ:DTSI) last posted its earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.18. DTS had a negative net margin of 6.37% and a positive return on equity of 8.90%. The company had revenue of $48.70 million for the quarter, compared to analyst estimates of $44.61 million. During the same quarter in the prior year, the business posted $0.34 EPS. The firm’s revenue was up 41.6% compared to the same quarter last year. Analysts expect that DTS will post $2.23 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in DTS by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 9,432 shares of the company’s stock worth $249,000 after buying an additional 35 shares in the last quarter. BlackRock Advisors LLC increased its position in DTS by 1.5% in the second quarter. BlackRock Advisors LLC now owns 8,567 shares of the company’s stock worth $227,000 after buying an additional 126 shares in the last quarter. Alliancebernstein L.P. increased its position in DTS by 3.0% in the second quarter. Alliancebernstein L.P. now owns 20,318 shares of the company’s stock worth $537,000 after buying an additional 600 shares in the last quarter. Teachers Advisors Inc. increased its position in DTS by 2.9% in the second quarter. Teachers Advisors Inc. now owns 26,784 shares of the company’s stock worth $708,000 after buying an additional 744 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in DTS by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,248 shares of the company’s stock worth $1,515,000 after buying an additional 1,020 shares in the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.
DTS Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DTS Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DTS Inc. and related companies with MarketBeat.com's FREE daily email newsletter.