NYSE:DLB - Dolby Laboratories Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $63.37 -1.63 (-2.51 %) (As of 03/22/2019 04:00 PM ET)Previous Close$65.00Today's Range$63.20 - $64.9852-Week Range$58.17 - $72.04Volume274,010 shsAverage Volume484,831 shsMarket Capitalization$6.50 billionP/E Ratio26.40Dividend Yield1.17%Beta0.87 ProfileDiscussionAnalyst RatingsChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for TVs, set-top boxes (STBs), personal computers (PCs), gaming consoles, mobile devices, and digital radio; AVC, a digital video codec with high bandwidth efficiency used in media devices; Dolby AC-4, an audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for home theaters, cinemas, device speakers, mobile devices, and headphones. Its audio technologies also include Dolby Digital, a digital audio coding technology that provides multichannel sound to applications; Dolby Digital Plus, a digital audio coding technology that offers audio transmission for a range of media applications; Dolby TrueHD, a digital audio coding technology providing encoding for Blu-ray discs and home theaters; Dolby Vision, an imaging technology for cinema and media devices; Dolby Voice, an audio conferencing technology; and HEVC, a digital video codec with high bandwidth efficiency to support for media devices. In addition, the company designs and manufactures digital cinema servers, cinema processors, amplifiers, loudspeakers, hardware components, video conferencing solutions, and other products for the cinema, television, broadcast, and entertainment industries. Further, it offers 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. Receive DLB News and Ratings via Email Sign-up to receive the latest news and ratings for DLB and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NYSE Industry Patent owners & lessors Sub-IndustryElectronic Components SectorConsumer Discretionary Current SymbolNYSE:DLB Previous Symbol CUSIP25659T10 CIK1308547 Webwww.dolby.com Phone415-558-0200Debt Debt-to-Equity RatioN/A Current Ratio4.83 Quick Ratio4.74Price-To-Earnings Trailing P/E Ratio26.40 Forward P/E Ratio28.29 P/E Growth2.22 Sales & Book Value Annual Sales$1.17 billion Price / Sales5.55 Cash Flow$3.2365 per share Price / Cash Flow19.58 Book Value$21.27 per share Price / Book2.98Profitability EPS (Most Recent Fiscal Year)$2.40 Net Income$122.24 million Net Margins25.47% Return on Equity11.30% Return on Assets9.33%Miscellaneous Employees2,151 Outstanding Shares102,615,000Market Cap$6.50 billion Next Earnings Date4/23/2019 (Estimated) OptionableOptionable Dolby Laboratories (NYSE:DLB) Frequently Asked Questions What is Dolby Laboratories' stock symbol? Dolby Laboratories trades on the New York Stock Exchange (NYSE) under the ticker symbol "DLB." How often does Dolby Laboratories pay dividends? What is the dividend yield for Dolby Laboratories? Dolby Laboratories declared a quarterly dividend on Wednesday, January 30th. Investors of record on Tuesday, February 12th will be paid a dividend of $0.19 per share on Thursday, February 21st. This represents a $0.76 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Monday, February 11th. View Dolby Laboratories' Dividend History. How will Dolby Laboratories' stock buyback program work? Dolby Laboratories declared that its board has authorized a share repurchase program on Sunday, April 9th 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued. How were Dolby Laboratories' earnings last quarter? Dolby Laboratories, Inc. (NYSE:DLB) released its earnings results on Wednesday, January, 30th. The electronics maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.40. The electronics maker earned $302.40 million during the quarter, compared to analysts' expectations of $295.04 million. Dolby Laboratories had a net margin of 25.47% and a return on equity of 11.30%. Dolby Laboratories's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.80) earnings per share. View Dolby Laboratories' Earnings History. When is Dolby Laboratories' next earnings date? Dolby Laboratories is scheduled to release their next quarterly earnings announcement on Tuesday, April 23rd 2019. View Earnings Estimates for Dolby Laboratories. What guidance has Dolby Laboratories issued on next quarter's earnings? Dolby Laboratories issued an update on its second quarter earnings guidance on Wednesday, January, 30th. The company provided EPS guidance of $0.81-0.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.92. The company issued revenue guidance of $325-345 million, compared to the consensus revenue estimate of $338.65 million.Dolby Laboratories also updated its FY 2019 guidance to EPS. What price target have analysts set for DLB? 4 brokerages have issued 12 month target prices for Dolby Laboratories' shares. Their predictions range from $67.00 to $85.00. On average, they expect Dolby Laboratories' stock price to reach $77.3333 in the next year. This suggests a possible upside of 22.0% from the stock's current price. View Analyst Price Targets for Dolby Laboratories. What is the consensus analysts' recommendation for Dolby Laboratories? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Dolby Laboratories. What are Wall Street analysts saying about Dolby Laboratories stock? Here are some recent quotes from research analysts about Dolby Laboratories stock: 1. Barrington Research analysts commented, "We continue our OUTPERFORM investment rating on DLB and $85 price target: While the favorable financial impact from the rollout of new technologies continues to evolve, we feel the benefits from some of them are becoming increasingly meaningful. The company’s $0.76 annual dividend provides a yield of 1.2%. The company also is active in repurchasing its shares, with over $400 million in authorization currently remaining. Management has noted that monetization benefits from its cinema sector efforts remain in early stages in terms of financial metrics. However, excitement over the early success of these initiatives has created a more optimistic view of Dolby’s potential to create renewed corporate momentum as management continues to target a return to double-digit growth. Laboratories, Inc." (1/31/2019) 2. According to Zacks Investment Research, "Impressive market traction of Dolby Cinema technology is proving to be a major profit churner for Dolby. Moreover, the company believes that surging demand for premium viewing experiences will fuel growth for Dolby Cinema over the long haul. The company’s growth strategy stands on three pillars, advancing the science of sight and sound, providing creative solutions, and delivering superior experiences. Successful execution in each of these areas has led to healthy growth over the past quarters. Dolby Vision, Dolby Voice, and Dolby Cinema should accelerate growth for the company going forward. Dolby’s capital allocation strategies are also designed to maintain a flexible capital structure, delivering value to shareholders through sustainable growth and strong cash flows. The stock has outperformed the industry in the past three months on an average. However, escalating cost of sales remain a major cause of concern for Dolby." (1/24/2019) Has Dolby Laboratories been receiving favorable news coverage? Media stories about DLB stock have been trending positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Dolby Laboratories earned a news impact score of 2.2 on InfoTrie's scale. They also gave press coverage about the electronics maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. Who are some of Dolby Laboratories' key competitors? Some companies that are related to Dolby Laboratories include InterDigital Wireless (IDCC), TiVo (TIVO), Digital Turbine (APPS), Joint (JYNT), Acacia Research (ACTG), Liberty Tax (TAXA), Quarterhill (QTRH), Finjan (FNJN), Research Frontiers (REFR), XCel Brands (XELB), Marathon Patent Group (MARA), Health Discovery (HDVY), ARC Group (ARCK), MGT Capital Investments (MGTI) and Spherix (SPEX). 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 Energy Transfer LP Unit (ET), Mastercard (MA), JPMorgan Chase & Co. (JPM), Cornerstone Total Return Fund (CRF), Ford Motor (F), Starbucks (SBUX), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Cirrus Logic (CRUS) and Blackstone Group (BX). Who are Dolby Laboratories' key executives? Dolby Laboratories' management team includes the folowing people: Mr. Kevin J. Yeaman, Pres, CEO & Director (Age 53)Mr. Lewis Chew, Principal Financial Officer (Age 56)Mr. Andy Sherman, Exec. VP, Gen. Counsel & Corp. Sec. (Age 52)Mr. Todd Pendleton, Sr. VP & Chief Marketing Officer (Age 47)Mr. Giles Baker, Sr. VP of Consumer Entertainment (Age 43) Who are Dolby Laboratories' major shareholders? Dolby Laboratories' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (2.71%), FMR LLC (2.49%), Polar Capital LLP (1.60%), Timucuan Asset Management Inc. FL (1.22%), Thrivent Financial for Lutherans (1.13%) and Fiera Capital Corp (0.80%). Company insiders that own Dolby Laboratories stock include Bob Borchers, Dagmar Dolby, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, N William Jasper, Jr, Nicholas Donatiello Jr, Nicholas Donatiello, Jr, Peter C Gotcher and Steven E Forshay. View Institutional Ownership Trends for Dolby Laboratories. Which major investors are selling Dolby Laboratories stock? DLB stock was sold by a variety of institutional investors in the last quarter, including Polar Capital LLP, American Century Companies Inc., Bank of America Corp DE, BlackRock Inc., Eaton Vance Management, Beaconlight Capital LLC, FMR LLC and River Road Asset Management LLC. Company insiders that have sold Dolby Laboratories company stock in the last year include Dagmar Dolby, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, Nicholas Donatiello Jr and Peter C Gotcher. View Insider Buying and Selling for Dolby Laboratories. Which major investors are buying Dolby Laboratories stock? DLB stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Columbus Circle Investors, Thrivent Financial for Lutherans, Millennium Management LLC, Two Sigma Investments LP, Mackenzie Financial Corp, Squarepoint Ops LLC and Geode Capital Management LLC. View Insider Buying and Selling for Dolby Laboratories. How do I buy shares of Dolby Laboratories? Shares of DLB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab. What is Dolby Laboratories' stock price today? One share of DLB stock can currently be purchased for approximately $63.37. How big of a company is Dolby Laboratories? Dolby Laboratories has a market capitalization of $6.50 billion and generates $1.17 billion in revenue each year. The electronics maker earns $122.24 million in net income (profit) each year or $2.40 on an earnings per share basis. Dolby Laboratories employs 2,151 workers across the globe. What is Dolby Laboratories' official website? The official website for Dolby Laboratories is http://www.dolby.com. How can I contact Dolby Laboratories? Dolby Laboratories' mailing address is 1275 MARKET STREET, SAN FRANCISCO CA, 94103. The electronics maker can be reached via phone at 415-558-0200 or via email at [email protected] MarketBeat Community Rating for Dolby Laboratories (NYSE DLB)Community Ranking: 1.9 out of 5 ()Outperform Votes: 257 (Vote Outperform)Underperform Votes: 415 (Vote Underperform)Total Votes: 672MarketBeat's community ratings are surveys of what our community members think about Dolby Laboratories and other stocks. Vote "Outperform" if you believe DLB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DLB will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 3/22/2019 by MarketBeat.com StaffFeatured Article: When is a capital gain realized?