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Dolby Laboratories Stock Price, News & Analysis (NYSE:DLB)

$86.02
-0.49 (-0.57%)
(As of 03:51 PM ET)
Compare
Today's Range
$86.01
$87.78
50-Day Range
$78.28
$88.71
52-Week Range
$67.44
$91.01
Volume
200,301 shs
Average Volume
429,429 shs
Market Capitalization
$8.23 billion
P/E Ratio
41.76
Dividend Yield
1.40%
Price Target
$107.00

Dolby Laboratories MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
23.5% Upside
$107.00 Price Target
Short Interest
Bearish
3.15% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
-0.21mentions of Dolby Laboratories in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$6.65 M Sold Last Quarter
Proj. Earnings Growth
7.72%
From $2.72 to $2.93 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Consumer Discretionary Sector

88th out of 276 stocks

Patent Owners & Lessors Industry

1st out of 6 stocks


DLB stock logo

About Dolby Laboratories Stock (NYSE:DLB)

Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment and communications at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, and home entertainment devices. 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; Dolby Voice, an audio communications technology that emulates the in-person meeting experience; 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

Dolby Laboratories Inc's Dividend Analysis
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Dolby Laboratories, Inc. (NYSE:DLB) Short Interest Update
Dolby Laboratories (NYSE:DLB) Shares Gap Down to $87.77
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Q4 2023 Dolby Laboratories Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
11/16/2021
Ex-Dividend for 12/5 Dividend
11/27/2023
Today
11/29/2023
Dividend Payable
12/05/2023
Next Earnings (Estimated)
2/01/2024
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
$107.00
High Stock Price Target
$116.00
Low Stock Price Target
$98.00
Potential Upside/Downside
+24.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$200.66 million
Pretax Margin
19.24%

Debt

Sales & Book Value

Annual Sales
$1.30 billion
Cash Flow
$3.63 per share
Book Value
$24.80 per share

Miscellaneous

Free Float
58,102,000
Market Cap
$8.25 billion
Optionable
Optionable
Beta
1.00

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DLB Stock Analysis - Frequently Asked Questions

Should I buy or sell Dolby Laboratories stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 12-month target prices for Dolby Laboratories' shares. Their DLB share price targets range from $98.00 to $116.00. On average, they expect the company's stock price to reach $107.00 in the next year. This suggests a possible upside of 23.5% 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 2023?

Dolby Laboratories' stock was trading at $70.54 on January 1st, 2023. Since then, DLB stock has increased by 22.8% and is now trading at $86.61.
View the best growth stocks for 2023 here
.

Are investors shorting Dolby Laboratories?

Dolby Laboratories saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 1,840,000 shares, an increase of 10.8% from the October 31st total of 1,660,000 shares. Based on an average daily volume of 390,100 shares, the short-interest ratio is currently 4.7 days. Approximately 3.2% of the shares of the company 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, February 1st 2024.
View our DLB earnings forecast
.

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) announced its quarterly earnings data on Tuesday, November, 16th. The electronics maker reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The electronics maker earned $285.03 million during the quarter, compared to the consensus estimate of $299.95 million. Dolby Laboratories had a trailing twelve-month return on equity of 10.58% and a net margin of 15.44%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 earnings per share.

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

Dolby Laboratories announced a quarterly dividend on Thursday, November 16th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.30 per share on Tuesday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Monday, November 27th. This is an increase from the stock's previous quarterly dividend of $0.27.
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 1.38%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 58.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DLB will have a dividend payout ratio of 40.96% 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 updated its first quarter 2024 earnings guidance on Thursday, November, 16th. The company provided earnings per share guidance of $0.80-$0.95 for the period, compared to the consensus estimate of $1.08. The company issued revenue guidance of $300.00 million-$330.00 million, compared to the consensus revenue estimate of $353.67 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 a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (5.49%), Morgan Stanley (5.13%), Clearbridge Investments LLC (2.65%), Ninety One UK Ltd (2.09%), Bank of New York Mellon Corp (1.97%) and Mackenzie Financial Corp (1.54%). Insiders that own company stock include Anjali Sud, Avadis Tevanian, Emily Rollins, Giles Baker, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 11/29/2023 by MarketBeat.com Staff

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