DTS Inc. Stock Downgraded (DTSI)
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- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income has significantly decreased by 757.7% when compared to the same quarter one year ago, falling from $2.90 million to -$19.09 million.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, DTS INC's return on equity significantly trails that of both the industry average and the S&P 500.
- Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 50.70%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 711.76% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
- DTS INC has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, DTS INC increased its bottom line by earning $1.05 versus $0.84 in the prior year. For the next year, the market is expecting a contraction of 90.5% in earnings ($0.10 versus $1.05).
- Net operating cash flow has significantly increased by 65.78% to $6.66 million when compared to the same quarter last year. In addition, DTS INC has also vastly surpassed the industry average cash flow growth rate of -7.62%.
-- Written by a member of TheStreet Ratings Staff
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