DTS (DTSI) is Downgraded by Dougherty & Company to Neutral

DTS (DTSI) was Downgraded by Dougherty & Company to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Dougherty & Company advised their investors in a research report released on Sep 21, 2016.

Many Wall Street Analysts have commented on DTS. Company shares were Reiterated by Barrington Research on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $29 .Company shares were Reiterated by Dougherty & Company on Aug 9, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $38 .

On the company’s financial health, DTS reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.49. The company had revenue of $48.70 million for the quarter, compared to analysts expectations of $44.55 million. The company’s revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

DTS opened for trading at $42.06 and hit $42.39 on the upside on Tuesday, eventually ending the session at $42.24, with a gain of 23.04% or 7.91 points. The heightened volatility saw the trading volume jump to 29,39,973 shares. Company has a market cap of $745 M.

In a different news, on Mar 16, 2016, Frederick Lee Kitson (EVP & Chief Technology Officer) sold 4,583 shares at $21.93 per share price. According to the SEC, on Jun 22, 2015, Patrick Watson (EVP, Corp Strategy & Dev) sold 9,375 shares at $31.81 per share price. On May 27, 2015, Blake Welcher (EVP Legal, GC & Sec) sold 12,903 shares at $32.42 per share price, according to the Form-4 filing with the securities and exchange commission.

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 (TVs) 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. The Company’s end-to-end audio solutions include DTS-HD DTS-HD Master Audio DTS Sound DTS Studio Sound DTS-HD Premium Sound DTS TruSurround DTS Neural Surround DTS Headphone:X DTS Play-Fi and DTS:X.


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