DTS On Course To Achieve Guidance In 2010

Analysts at William Blair & Co maintain their "outperform" rating on DTS Inc DTSI. William Blair & Co says, “DTS reported solid second-quarter financial results above expectations, delivering revenue of $17.5 million (consensus: $17.1 million) and EPS of $0.09 (consensus: $0.08). Management remains bullish on both Blu-ray and emerging non-Blu-ray opportunities (TV, mobile, media players).” “While these DTS multiples are not inexpensive, given the market is still in the early stages of transition to Blu-ray, we believe DTS is on course to achieve guidance in 2010, and potentially accelerating uptake in 2011 and beyond, and we continue to recommend investors build positions. In 2011/2012, we believe new markets such as TV, mobile, and broadcast Blu-ray on PCs will come on line to maintain DTS’s growth trajectory. We continued to believe DTS has long-term earnings power around $2.50 in EPS (peak cycle),” the analysts add. More Analyst Ratings here