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NYSE:DLB

Dolby Laboratories (DLB) Stock Price, News & Analysis

$79.02
-0.21 (-0.27%)
(As of 04:32 PM ET)
Today's Range
$78.66
$80.26
50-Day Range
$77.59
$83.86
52-Week Range
$75.87
$91.01
Volume
337,651 shs
Average Volume
367,953 shs
Market Capitalization
$7.57 billion
P/E Ratio
40.32
Dividend Yield
1.52%
Price Target
$99.00

Dolby Laboratories MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.3% Upside
$99.00 Price Target
Short Interest
Healthy
2.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.27mentions of Dolby Laboratories in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$181,772 Sold Last Quarter
Proj. Earnings Growth
5.22%
From $2.68 to $2.82 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.90 out of 5 stars

Consumer Discretionary Sector

26th out of 267 stocks

Patent Owners & Lessors Industry

1st out of 8 stocks

DLB stock logo

About Dolby Laboratories Stock (NYSE:DLB)

Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices. Its audio technologies also include DD, a digital audio coding technology that provides multichannel sound to applications; DD+, a digital audio coding technology that offers audio transmission for a range of media applications and devices; Dolby TrueHD, a digital audio coding technology providing encoding for media application; Dolby Vision, an imaging technology for cinema and media devices; and HEVC, a digital video codec with high bandwidth efficiency for media devices. In addition, the company offers digital cinema servers, cinema processors, amplifiers, loudspeakers, and audio and imaging hardware and software products for the cinema, television, broadcast, communication, and entertainment industries. Further, it provides 3-D glasses and kits; and various services to support theatrical and television production for cinema exhibition, broadcast, and home entertainment. The company serves film studios, content creators, post-production facilities, cinema operators, broadcasters, and video game designers. It sells its products directly to the end users, as well as through dealers and distributors worldwide. Dolby Laboratories, Inc. was founded in 1965 and is headquartered in San Francisco, California.

DLB Stock Price History

DLB Stock News Headlines

VIZIO and Dolby Usher in Premium Sound Era For All
DLB Dolby Laboratories, Inc.
Dolby Laboratories Remains A Hold
3 Tech Stocks on the Verge of Major Gains
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Ex-Dividend for 5/22 Dividend
5/13/2024
Dividend Payable
5/22/2024
Today
6/12/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Patent owners & lessors
Sub-Industry
Electronic Components
CUSIP
25659T10
Employees
2,246
Year Founded
1965

Price Target and Rating

Average Stock Price Target
$99.00
High Stock Price Target
$100.00
Low Stock Price Target
$98.00
Potential Upside/Downside
+25.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$200.66 million
Pretax Margin
18.55%

Debt

Sales & Book Value

Annual Sales
$1.30 billion
Cash Flow
$3.66 per share
Book Value
$24.90 per share

Miscellaneous

Free Float
57,942,000
Market Cap
$7.57 billion
Optionable
Optionable
Beta
0.99

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DLB Stock Analysis - Frequently Asked Questions

Should I buy or sell Dolby Laboratories stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DLB shares.
View DLB analyst ratings
or view top-rated stocks.

What is Dolby Laboratories' stock price target for 2024?

2 brokers have issued 1 year price targets for Dolby Laboratories' stock. Their DLB share price targets range from $98.00 to $100.00. On average, they expect the company's stock price to reach $99.00 in the next year. This suggests a possible upside of 25.3% from the stock's current price.
View analysts price targets for DLB
or view top-rated stocks among Wall Street analysts.

How have DLB shares performed in 2024?

Dolby Laboratories' stock was trading at $86.18 at the start of the year. Since then, DLB shares have decreased by 8.3% and is now trading at $79.02.
View the best growth stocks for 2024 here
.

Are investors shorting Dolby Laboratories?

Dolby Laboratories saw a drop in short interest in May. As of May 31st, there was short interest totaling 1,320,000 shares, a drop of 10.8% from the May 15th total of 1,480,000 shares. Based on an average daily volume of 330,800 shares, the short-interest ratio is presently 4.0 days. Currently, 2.3% of the shares of the stock are sold short.
View Dolby Laboratories' Short Interest
.

When is Dolby Laboratories' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our DLB earnings forecast
.

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) posted its quarterly earnings data on Thursday, May, 2nd. The electronics maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.10. The electronics maker earned $364.52 million during the quarter, compared to the consensus estimate of $361.98 million. Dolby Laboratories had a net margin of 15.00% and a trailing twelve-month return on equity of 10.15%.

How often does Dolby Laboratories pay dividends? What is the dividend yield for Dolby Laboratories?

Dolby Laboratories declared a quarterly dividend on Thursday, May 2nd. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.30 per share on Wednesday, May 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Monday, May 13th.
Read our dividend analysis for DLB
.

Is Dolby Laboratories a good dividend stock?

Dolby Laboratories (NYSE:DLB) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.52%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 61.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DLB will have a dividend payout ratio of 42.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DLB.

What guidance has Dolby Laboratories issued on next quarter's earnings?

Dolby Laboratories issued an update on its third quarter 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share guidance of 0.510-0.660 for the period, compared to the consensus EPS estimate of 0.770. The company issued revenue guidance of $270.0 million-$300.0 million, compared to the consensus revenue estimate of $313.6 million.

What is Kevin J. Yeaman's approval rating as Dolby Laboratories' CEO?

253 employees have rated Dolby Laboratories Chief Executive Officer Kevin J. Yeaman on Glassdoor.com. Kevin J. Yeaman has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Dolby Laboratories own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Dolby Laboratories investors own include InterDigital (IDCC), Energy Transfer (ET), Advanced Micro Devices (AMD), AbbVie (ABBV), Abbott Laboratories (ABT), Bank of Hawaii (BOH), Mastercard (MA), STAG Industrial (STAG), Comcast (CMCSA) and NVIDIA (NVDA).

Who are Dolby Laboratories' major shareholders?

Dolby Laboratories' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.80%), Clearbridge Investments LLC (2.44%), Bank of New York Mellon Corp (2.43%), Raymond James & Associates (0.51%), Acadian Asset Management LLC (0.49%) and Baillie Gifford & Co. (0.48%). Insiders that own company stock include Anjali Sud, Avadis Tevanian, Emily Rollins, John D Couling, Kenneth D Knight, Kevin J Yeaman, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, Peter C Gotcher, Ryan Nicholson, Simon Segars, Steven E Forshay, Steven E Forshay and Todd Pendleton.
View institutional ownership trends
.

How do I buy shares of Dolby Laboratories?

Shares of DLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Dolby Laboratories have any subsidiaries?
The following companies are subsidiares of Dolby Laboratories: Coding Technologies, Dolby International AB, Dolby Laboratories Licensing Corporation, Doremi Labs, Step Labs, and Voxeet.
Read More
This page (NYSE:DLB) was last updated on 6/12/2024 by MarketBeat.com Staff

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