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

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$69.02 +0.30 (+0.44 %)
(As of 08/19/2018 02:08 AM ET)
Previous Close$69.02
Today's Range$68.65 - $69.61
52-Week Range$48.00 - $74.29
Volume223,021 shs
Average Volume397,281 shs
Market Capitalization$6.83 billion
P/E Ratio31.37
Dividend Yield0.94%
Beta0.8
Dolby Laboratories logoDolby 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 Ratio31.37
Forward P/E Ratio29.12
P/E Growth2.32

Sales & Book Value

Annual Sales$1.08 billion
Price / Sales6.62
Cash Flow$3.2237 per share
Price / Cash21.41
Book Value$20.99 per share
Price / Book3.29

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$6.83 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 announced a quarterly dividend on Thursday, July 26th. Investors 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 yield of 0.93%. The ex-dividend date of this dividend is Friday, August 3rd. View Dolby Laboratories' Dividend History.

How will Dolby Laboratories' stock buyback program work?

Dolby Laboratories declared that its Board of Directors has initiated a stock buyback plan on Sunday, April 9th 2017, which authorizes the company to buyback $200,000,000.00 in 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 plans are often an indication that the company's board 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 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.69 by $0.23. The electronics maker earned $317.45 million during the quarter, compared to the consensus estimate of $317.65 million. Dolby Laboratories had a return on equity of 12.95% and a net margin of 8.18%. The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 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 Wednesday, October, 24th 2018. View Earnings Estimates for Dolby Laboratories.

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

Dolby Laboratories updated 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' stock. Their forecasts range from $52.00 to $78.00. On average, they anticipate Dolby Laboratories' stock price to reach $66.40 in the next year. This suggests that the stock has a possible downside of 3.8%. 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 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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

Has Dolby Laboratories been receiving favorable news coverage?

News coverage about DLB stock has trended positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dolby Laboratories earned a daily sentiment score of 0.42 on Accern's scale. They also gave news stories about the electronics maker an impact score of 47.67 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for Dolby Laboratories.

Who are Dolby Laboratories' major shareholders?

Dolby Laboratories' stock is owned by a variety of of retail and institutional investors. Top institutional investors include DOLBY DAGMAR (41.00%), DOLBY DAGMAR (40.60%), Janus Henderson Group PLC (3.65%), BlackRock Inc. (2.50%), FMR LLC (2.38%) and Renaissance Technologies LLC (2.16%). 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 BlackRock Inc., American Century Companies Inc., Quantum Capital Management, Baillie Gifford & Co., Renaissance Technologies LLC, River Road Asset Management LLC, Burney Co. and Fuller & Thaler Asset Management Inc.. 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 Disciplined Growth Investors Inc. MN, Janus Henderson Group PLC, FMR LLC, Bank of Montreal Can, Nantahala Capital Management LLC, Millennium Management LLC, Bradley Foster & Sargent Inc. CT and Wells Fargo & Company MN. 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 $69.02.

How big of a company is Dolby Laboratories?

Dolby Laboratories has a market capitalization of $6.83 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.

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:  218 (Vote Outperform)
Underperform Votes:  370 (Vote Underperform)
Total Votes:  588
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 8/19/2018 by MarketBeat.com Staff

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