GARP Research Maintains a 'Buy' on DTS Inc. (DTSI); Connected Devices Up Double-Digits Again
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Price: $42.52 --0%
Rating Summary:
1 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 56
Rating Summary:
1 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 56
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GARP Research maintains a 'Buy' on DTS Inc. (NASDAQ: DTSI).
Analyst, Rob Furlong, said, "DTS reported a solid quarter. Revenue and EPS declined slightly (when recoveries are excluded), but were better than guidance. Importantly, growth for connected devices continued its double-digit pace. This category is instrumental to pushing what we think can be 35% annual EPS growth over the next few years."
"Growth in connected devices continues at double-digit rates, and it appears the company is just beginning to sign streaming content agreements, which are key to driving mass adoption. At $30, shares trade at under 10x our 2014 EPS estimate when more than $5 of net cash per share is excluded. We find this extremely compelling given the base case of Blu-ray device growth and the company’s improving traction within other categories like PCs, televisions, and handsets."
For an analyst ratings summary and ratings history on DTS Inc. click here. For more ratings news on DTS Inc. click here.
Shares of DTS Inc. closed at $30.76 yesterday.
Analyst, Rob Furlong, said, "DTS reported a solid quarter. Revenue and EPS declined slightly (when recoveries are excluded), but were better than guidance. Importantly, growth for connected devices continued its double-digit pace. This category is instrumental to pushing what we think can be 35% annual EPS growth over the next few years."
"Growth in connected devices continues at double-digit rates, and it appears the company is just beginning to sign streaming content agreements, which are key to driving mass adoption. At $30, shares trade at under 10x our 2014 EPS estimate when more than $5 of net cash per share is excluded. We find this extremely compelling given the base case of Blu-ray device growth and the company’s improving traction within other categories like PCs, televisions, and handsets."
For an analyst ratings summary and ratings history on DTS Inc. click here. For more ratings news on DTS Inc. click here.
Shares of DTS Inc. closed at $30.76 yesterday.
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