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

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$67.26 -0.88 (-1.29 %)

(As of 12/13/2018 04:00 PM ET)

Previous Close$68.14

Today's Range$67.20 - $68.91

52-Week Range$58.37 - $74.29

Volume235,007 shs

Average Volume387,949 shs

Market Capitalization$7.01 billion

P/E Ratio28.03

Dividend Yield1.12%

Beta0.74

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.

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Industry, Sector and Symbol

Stock Exchange NYSE

Industry Patent owners & lessors

Sub-IndustryElectronic Components

SectorConsumer Discretionary

Current SymbolNYSE:DLB

Previous Symbol

CUSIP25659T10

Webwww.dolby.com

Phone415-558-0200

Debt

Debt-to-Equity RatioN/A

Current Ratio4.78

Quick Ratio4.69

Price-To-Earnings

Trailing P/E Ratio28.03

Forward P/E Ratio27.45

P/E Growth2.31

Sales & Book Value

Annual Sales$1.17 billion

Price / Sales5.93

Cash Flow$3.2698 per share

Price / Cash Flow20.57

Book Value$21.27 per share

Price / Book3.16

Profitability

EPS (Most Recent Fiscal Year)$2.40

Net Income$122.24 million

Net Margins10.43%

Return on Equity12.72%

Return on Assets10.46%

Miscellaneous

Employees2,151

Outstanding Shares103,260,000

Market Cap$7.01 billion

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, October 24th. Shareholders of record on Monday, November 5th will be given a dividend of $0.19 per share on Wednesday, November 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, November 2nd. This is a boost from Dolby Laboratories's previous quarterly dividend of $0.16. 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 repurchase plan on Sunday, April 9th 2017, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) issued its earnings results on Wednesday, October, 24th. The electronics maker reported $0.47 EPS for the quarter, topping the consensus estimate of $0.30 by $0.17. The electronics maker had revenue of $265.33 million for the quarter, compared to the consensus estimate of $272.42 million. Dolby Laboratories had a return on equity of 12.72% and a net margin of 10.43%. During the same period in the previous year, the firm earned $0.21 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, January 23rd 2019. View Earnings Estimates for Dolby Laboratories.

What price target have analysts set for DLB?

5 brokerages have issued 12 month price targets for Dolby Laboratories' shares. Their forecasts range from $67.00 to $80.00. On average, they expect Dolby Laboratories' stock price to reach $73.75 in the next twelve months. This suggests a possible upside of 9.6% 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. According to Zacks Investment Research, "Dolby’s fourth-quarter fiscal 2018 adjusted earnings trumped the Zacks Consensus Estimate by 2.3%, backed by top-line growth. 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. However, over the past few quarters, escalating cost of sales has been a major concern for the company. Its products and services segments are seeing declining revenue trends, which is harming overall growth. Moreover, given that the transition to digital cinema is complete, demand for new digital cinema screens is slowing down, which is impeding cinema product sales, particularly in China. Stiff competition, price-sensitive nature of the entertainment industry and fluctuations of cinema product sales also pose significant threats to its margins. This apart, the stock looks significantly overvalued compared to the industry." (11/13/2018)
2. 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)

Has Dolby Laboratories been receiving favorable news coverage?

News coverage about DLB stock has been trending somewhat positive on Thursday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Dolby Laboratories earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave press coverage about the electronics maker a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.

Who are some of Dolby Laboratories' key competitors?

Some companies that are related to Dolby Laboratories include InterDigital (IDCC), TiVo (TIVO), Liberty Tax (TAXA), Acacia Research (ACTG), Digital Turbine (APPS), Quarterhill (QTRH), Joint (JYNT), Finjan (FNJN), Research Frontiers (REFR), XCel Brands (XELB), Marathon Patent Group (MARA), ARC Group (ARCK), Spherix (SPEX), MGT Capital Investments (MGTI) and XpresSpa Group (XSPA).

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 (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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.31%), Vanguard Group Inc (5.33%), Clearbridge Investments LLC (5.33%), Janus Henderson Group PLC (3.56%), BlackRock Inc. (2.82%) and FMR LLC (2.52%). 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 institutional investors are selling Dolby Laboratories stock?

DLB stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Clearbridge Investments LLC, AQR Capital Management LLC, Allianz Asset Management GmbH, Canada Pension Plan Investment Board, Janus Henderson Group PLC, Castleark Management LLC and Willis Investment Counsel. 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, N William Jasper, Jr, Nicholas Donatiello Jr and Peter C Gotcher. View Insider Buying and Selling for Dolby Laboratories.

Which institutional investors are buying Dolby Laboratories stock?

DLB stock was acquired by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Blair William & Co. IL, BlackRock Inc., Renaissance Technologies LLC, Vanguard Group Inc, Vanguard Group Inc., Disciplined Growth Investors Inc. MN and Deutsche Bank AG. 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 $67.26.

How big of a company is Dolby Laboratories?

Dolby Laboratories has a market capitalization of $7.01 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:		241 (Vote Outperform)
Underperform Votes:		396 (Vote Underperform)
Total Votes:		637

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 12/13/2018 by MarketBeat.com Staff