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Dolby Laboratories (DLB) Stock Forecast, Price & News

$79.51
+0.25 (+0.32%)
(As of 09:39 AM ET)
Compare
Today's Range
$78.86
$79.51
50-Day Range
$76.12
$89.30
52-Week Range
$61.55
$91.01
Volume
11,833 shs
Average Volume
435,453 shs
Market Capitalization
$7.60 billion
P/E Ratio
35.34
Dividend Yield
1.36%
Price Target
$107.00

Dolby Laboratories MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
35.0% Upside
$107.00 Price Target
Short Interest
Healthy
3.21% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
1.59mentions of Dolby Laboratories in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$7.97 M Sold Last Quarter
Proj. Earnings Growth
10.57%
From $2.46 to $2.72 Per Share

Overall MarketRank

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

3.12 out of 5 stars

Consumer Discretionary Sector

9th out of 277 stocks

Patent Owners & Lessors Industry

1st out of 7 stocks


DLB stock logo

About Dolby Laboratories (NYSE:DLB) Stock

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 Price History

DLB Stock News Headlines

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Dolby Laboratories Continues On Growth Path
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Q3 2023 Dolby Laboratories Inc Earnings Call
Dolby Laboratories (DLB) Meets Q3 Earnings Estimates
See More Headlines
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DLB Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 8/22 Dividend
8/11/2023
Dividend Payable
8/22/2023
Today
10/02/2023
Next Earnings (Estimated)
11/16/2023
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Patent owners & lessors
Sub-Industry
Electronic Components
CUSIP
25659T10
Employees
2,336
Year Founded
1965

Price Target and Rating

Average Stock Price Forecast
$107.00
High Stock Price Forecast
$116.00
Low Stock Price Forecast
$98.00
Forecasted Upside/Downside
+35.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$184.09 million
Pretax Margin
21.13%

Debt

Sales & Book Value

Annual Sales
$1.25 billion
Cash Flow
$3.47 per share
Book Value
$23.46 per share

Miscellaneous

Free Float
58,102,000
Market Cap
$7.58 billion
Optionable
Optionable
Beta
0.98

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Key Executives

  • Mr. Kevin J. YeamanMr. Kevin J. Yeaman (Age 57)
    Pres, CEO & Director
    Comp: $1.29M
  • Mr. Robert J. Park (Age 53)
    Sr. VP & CFO
    Comp: $978.29k
  • Mr. Andy Sherman (Age 56)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $716.66k
  • Mr. John D. CoulingMr. John D. Couling (Age 48)
    Sr. VP of Entertainment
    Comp: $705.16k
  • Dr. Shriram Revankar (Age 61)
    Sr. VP of Advanced Technology Group
    Comp: $523.74k
  • Mr. Ryan NicholsonMr. Ryan Nicholson
    VP & Corp. Controller
  • Mr. Craig Todd
    CTO & Sr. VP
  • Ms. Maggie O'Donnell
    Head of Investor Relations
  • Mr. Todd PendletonMr. Todd Pendleton (Age 50)
    Sr. VP & Chief Marketing Officer
  • Ms. Linda Rogers
    Sr. VP & Chief People Officer













DLB Stock - Frequently Asked Questions

Should I buy or sell Dolby Laboratories stock right now?

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.

What is Dolby Laboratories' stock price forecast for 2023?

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.

How have DLB shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Dolby Laboratories?

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
.

When is Dolby Laboratories' next earnings date?

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

How were Dolby Laboratories' earnings last quarter?

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%.

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

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
.

Is Dolby Laboratories a good dividend stock?

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.

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

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.

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).

What is Dolby Laboratories' stock symbol?

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

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.

What is Dolby Laboratories' stock price today?

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

How much money does Dolby Laboratories make?

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.

How many employees does Dolby Laboratories have?

The company employs 2,336 workers across the globe.

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
How can I contact Dolby Laboratories?

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.

This page (NYSE:DLB) was last updated on 10/2/2023 by MarketBeat.com Staff

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