Atmos Juggernaut appears to be eating DTS-X's planned Lunch

[Peter CINERAMAX]

From Sleek Money:

DTS (NASDAQTSI) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $38.83.

In other DTS news, EVP Blake Welcher sold 12,903 shares of DTS stock on the open market in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $32.42, for a total value of $418,315.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

DTSI has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of DTS from a “buy” rating to a “hold” rating in a research note on Thursday. Analysts at B. Riley reiterated a “buy” rating and set a $41.00 price target on shares of DTS in a research note on Wednesday, May 13th. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating and set a $32.00 price target (up previously from $30.00) on shares of DTS in a research note on Tuesday, May 12th. Finally, analysts at Cowen and Company reiterated an “outperform” rating and set a $47.00 price target (up previously from $40.00) on shares of DTS in a research note on Tuesday, May 12th.

Shares of DTS (NASDAQTSI) opened at 32.38 on Thursday. DTS has a 1-year low of $17.43 and a 1-year high of $38.24. The stock has a 50-day moving average of $34. and a 200-day moving average of $32.. The company has a market cap of $565.39 million and a price-to-earnings ratio of 40.78.

DTS (NASDAQTSI) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $33.90 million for the quarter, compared to the consensus estimate of $34.40 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, analysts predict that DTS will post $1.70 earnings per share for the current fiscal year.

DTS, Inc is a premier audio solutions provider for high-definition entertainment experiences. The Company’s audio solutions are designed to enable recording, delivery and playback of simple, personalized, and immersive high-definition audio and are incorporated by hundreds of licensee customers around the world into an array of consumer electronics devices.

[Peter CINERAMAX]

From Big Picture Big Sound:



When DTS officially announced its immersive audio technology, DTS:X last month, the logical question was, "What about content?" It's great that some of the top consumer electronics brands have pledged their support for the newest object-based, height-enabled surround sound format, but without software, there isn't a whole lot to talk about (or to listen to). Now Lionsgate Home Entertainment, already a supporter of rival Dolby Atmos on select Blu-ray releases, has announced the first Blu-ray that will include a DTS:X soundtrack: "Ex Machina."

The film "Ex Machina" has garnered significant buzz and a number of enthusiastic reviews, including one from our own Matt Passantino. The moody SciFi thriller handles the concept of artificial intelligence more adeptly than most films in the genre and the performances of its three lead actors (Domhnall Gleeson, Alicia Vikander and Oscar Isaac) are likely to lead to awards consideration. The film's director Alex Garland, who wrote the screenplays for "28 Days Later...", "Sunshine" and "Never Let Me Go" has shown his penchant for writing non-standard sci-fi stories and this, his first turn as director, shows that Garland can bring his off-beat visions to reality.

In addition to being the first film released on Blu-ray with DTS:X sound, it is also the first film that will debut on Blu-ray with immersive surround without having been released theatrically with an immersive soundtrack.

Update (5/29): Dolby's PR team helpfully pointed out that "Step Up: All In" was actually the first title that was released on Blu-ray with an immersive soundtrack (Dolby Atmos) that had no immersive soundtrack in theaters. Also, "John Wick," which was released theatrically in AURO-3D immersive sound, was remixed for Blu-ray in Dolby Atmos. And now back to our regularly scheduled news story...

We imagine that the critical acclaim and relative box office success of the film allowed the film-makers to get a bit more creative and ambitious when re-mastering the low-budget indie film for the home video market. The Blu-ray Disc will also include a DTS Headphone:X soundtrack for those who want to enjoy immersive surround sound through a standard pair of headphones.