Dolby Laboratories (DLB) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DLB shares.
View DLB analyst ratings or view top-rated stocks.

3 equities research analysts have issued 1-year price objectives for Dolby Laboratories' stock. Their DLB share price forecasts range from $98.00 to $116.00. On average, they anticipate the company's stock price to reach $107.00 in the next year. This suggests a possible upside of 35.0% from the stock's current price.
View analysts price targets for DLB or view top-rated stocks among Wall Street analysts.

Dolby Laboratories' stock was trading at $70.54 at the beginning of the year. Since then, DLB shares have increased by 12.4% and is now trading at $79.26.
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Dolby Laboratories saw a decline in short interest in September. As of September 15th, there was short interest totaling 1,890,000 shares, a decline of 33.7% from the August 31st total of 2,850,000 shares. Based on an average daily trading volume, of 599,400 shares, the days-to-cover ratio is currently 3.2 days. Approximately 3.2% of the shares of the stock are short sold.
View Dolby Laboratories' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our DLB earnings forecast.

Dolby Laboratories, Inc. (NYSE:DLB) issued its quarterly earnings results on Thursday, August, 3rd. The electronics maker reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. The electronics maker earned $298.37 million during the quarter, compared to analyst estimates of $300.45 million. Dolby Laboratories had a net margin of 17.03% and a trailing twelve-month return on equity of 10.44%.

Dolby Laboratories announced a quarterly dividend on Thursday, August 3rd. Investors of record on Monday, August 14th will be paid a dividend of $0.27 per share on Tuesday, August 22nd. This represents a $1.08 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, August 11th.
Read our dividend analysis for DLB.

ETFs with the largest weight of Dolby Laboratories (NYSE:DLB) stock in their portfolio include LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Invesco Dynamic Software ETF (PSJ), ProShares S&P Technology Dividend Aristocrats ETF (TDV), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), MUSQ Global Music Industry ETF (MUSQ), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), WisdomTree U.S. Multifactor Fund (USMF) and Vanguard U.S. Minimum Volatility ETF (VFMV).

Dolby Laboratories (NYSE:DLB) pays an annual dividend of $1.08 per share and currently has a dividend yield of 1.36%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DLB will have a dividend payout ratio of 39.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DLB.

Dolby Laboratories updated its FY23 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $3.30-$3.50 for the period, compared to the consensus estimate of $2.40. The company issued revenue guidance of $1.285-$1.315 billion, compared to the consensus revenue estimate of $1.31 billion.

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.

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).

Dolby Laboratories trades on the New York Stock Exchange (NYSE) under the ticker symbol "DLB."

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.
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One share of DLB stock can currently be purchased for approximately $79.26.

Dolby Laboratories (NYSE:DLB) has a market capitalization of $7.58 billion and generates $1.25 billion in revenue each year. The electronics maker earns $184.09 million in net income (profit) each year or $2.25 on an earnings per share basis.

The company employs 2,336 workers across the globe.

Dolby Laboratories' mailing address is 1275 MARKET STREET, SAN FRANCISCO CA, 94103. The official website for the company is www.dolby.com. The electronics maker can be reached via phone at (415) 558-0200, via email at investor@dolby.com, or via fax at 415-645-4000.