NYSE:DLB - Dolby Laboratories Stock Price, News, & Analysis

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$69.61 -1.06 (-1.50 %)
(As of 10/19/2018 06:46 AM ET)
Previous Close$70.67
Today's Range$69.18 - $70.53
52-Week Range$56.50 - $74.29
Volume236,800 shs
Average Volume344,027 shs
Market Capitalization$7.32 billion
P/E Ratio31.64
Dividend Yield0.91%
Beta0.78
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, including Dolby Digital Plus for digital television, mobile, and Internet-based services; Dolby Digital, a digital audio coding technology that provides multichannel sound in the home; and AAC & HE-AAC, an audio coding technologies used to broadcast, download, and streaming content. Its audio technologies also comprise Dolby TrueHD, an audio coding technology for content providers; Dolby Atmos, an object-oriented audio technology for home theaters, device speakers, and headphones; Dolby AC-4, a digital audio coding system that addresses the current and future needs of broadcast and streaming entertainment services; Dolby Voice, an audio conferencing technology; and Dolby Vision, an imaging technology for cinema, digital television, and other consumer devices, as well as HEVC, a digital video codec with higher bandwidth efficiency used in a range of media devices. In addition, the company designs and manufactures audio and imaging products, such as digital cinema servers, Dolby Cinema audio products, and other products for the film production, cinema, television, broadcast, and entertainment industries. Further, it offers an array of 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Patent owners & lessors
Sub-IndustryElectronic Components
SectorConsumer Discretionary
SymbolNYSE:DLB
CUSIP25659T10
Phone415-558-0200

Debt

Debt-to-Equity RatioN/A
Current Ratio5.16
Quick Ratio5.06

Price-To-Earnings

Trailing P/E Ratio31.64
Forward P/E Ratio29.37
P/E Growth2.23

Sales & Book Value

Annual Sales$1.08 billion
Price / Sales6.67
Cash Flow$3.0305 per share
Price / Cash22.97
Book Value$20.99 per share
Price / Book3.32

Profitability

EPS (Most Recent Fiscal Year)$2.20
Net Income$201.80 million
Net Margins8.18%
Return on Equity12.95%
Return on Assets10.71%

Miscellaneous

Employees2,122
Outstanding Shares103,650,000
Market Cap$7.32 billion

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 Thursday, July 26th. Stockholders of record on Monday, August 6th will be given a dividend of $0.16 per share on Tuesday, August 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, August 3rd. View Dolby Laboratories' Dividend History.

How will Dolby Laboratories' stock buyback program work?

Dolby Laboratories announced that its Board of Directors has initiated a share repurchase program on Sunday, April 9th 2017, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) issued its earnings results on Wednesday, July, 25th. The electronics maker reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.23. The electronics maker had revenue of $317.45 million for the quarter, compared to analysts' expectations of $317.65 million. Dolby Laboratories had a return on equity of 12.95% and a net margin of 8.18%. Dolby Laboratories's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. View Dolby Laboratories' Earnings History.

When is Dolby Laboratories' next earnings date?

Dolby Laboratories is scheduled to release their next quarterly earnings announcement on Wednesday, October 24th 2018. View Earnings Estimates for Dolby Laboratories.

How can I listen to Dolby Laboratories' earnings call?

Dolby Laboratories will be holding an earnings conference call on Wednesday, October 24th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8665484713.

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

Dolby Laboratories issued an update on its fourth quarter earnings guidance on Wednesday, July, 25th. The company provided earnings per share (EPS) guidance of $0.40-0.46 for the period, compared to the Thomson Reuters consensus estimate of $0.43. The company issued revenue guidance of $265-275 million, compared to the consensus revenue estimate of $271.27 million.

What price target have analysts set for DLB?

5 analysts have issued 1 year target prices for Dolby Laboratories' shares. Their predictions range from $69.00 to $81.00. On average, they expect Dolby Laboratories' share price to reach $74.50 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price. View Analyst Price Targets for Dolby Laboratories.

What is the consensus analysts' recommendation for Dolby Laboratories?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 2 hold ratings 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 $78 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 $0.64 annual dividend provides a yield of 1.0%. 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 will not have a material impact on financial metrics for at least a year or two. 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." (7/26/2018)
  • 2. According to Zacks Investment Research, "Dolby has an excellent earnings surprise history, beating estimates all through in the trailing four quarters. Impressive market traction of offerings under three of its new businesses—Dolby Voice, Dolby Vision and Dolby Cinema—are likely to fortify its market footprint. The company’s partnerships with industry frontrunners are expected to boost market traction of its offerings. The company’s solid financial health and diligent capital allocation strategies bode well for its growth plans. However, the stock has underperformed the industry in the past three months on an average. The company’s products and services segments are seeing declining revenues, hurting its overall performance. The market for consumer entertainment products is highly competitive and price sensitive which exposes Dolby to the risk of lower revenues. Dolby anticipates lower recoveries in broadcast business for fiscal 2018." (6/26/2018)

Who are some of Dolby Laboratories' key competitors?

Who are Dolby Laboratories' key executives?

Dolby Laboratories' management team includes the folowing people:
  • Mr. Kevin J. Yeaman, Pres, CEO & Director (Age 52)
  • Mr. Lewis Chew, Exec. VP, CFO & Principal Accounting Officer (Age 55)
  • Mr. Andy Sherman, Exec. VP, Gen. Counsel & Corp. Sec. (Age 51)
  • Mr. Steven E. Forshay, Sr. VP of Advanced Technology Group (Age 64)
  • Ms. Elena Carr, Director of Corp. Fin. & Investor Relations

Who are Dolby Laboratories' major shareholders?

Dolby Laboratories' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Asset Management Company LTD (0.65%), Bank of Montreal Can (0.28%), Aperio Group LLC (0.08%), Denali Advisors LLC (0.03%), Patten & Patten Inc. TN (0.02%) and BlueSky Wealth Advisors LLC (0.01%). 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 Sumitomo Mitsui Asset Management Company LTD and Denali Advisors LLC. Company insiders that have sold Dolby Laboratories company stock in the last year include Bob Borchers, Dagmar Dolby, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, N William Jasper, Jr, Nicholas Donatiello Jr, Peter C Gotcher and Steven E Forshay. View Insider Buying and Selling for Dolby Laboratories.

Which major investors are buying Dolby Laboratories stock?

DLB stock was bought by a variety of institutional investors in the last quarter, including Patten & Patten Inc. TN, Fox Run Management L.L.C., Seven Eight Capital LP, Summit Creek Advisors LLC, Oakbrook Investments LLC, Aperio Group LLC, Bank of Montreal Can and BlueSky Wealth Advisors 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 $69.61.

How big of a company is Dolby Laboratories?

Dolby Laboratories has a market capitalization of $7.32 billion and generates $1.08 billion in revenue each year. The electronics maker earns $201.80 million in net income (profit) each year or $2.20 on an earnings per share basis. Dolby Laboratories employs 2,122 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 (star)
Outperform Votes:  232 (Vote Outperform)
Underperform Votes:  385 (Vote Underperform)
Total Votes:  617
MarketBeat'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 10/19/2018 by MarketBeat.com Staff

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