NYSE:DLBDolby Laboratories Stock Price, Forecast & News

Dolby Laboratories' stock was trading at $60.23 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, DLB stock has increased by 8.9% and is now trading at $65.61. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Dolby Laboratories.

Dolby Laboratories is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Dolby Laboratories.

Dolby Laboratories, Inc. (NYSE:DLB) issued its quarterly earnings results on Monday, May, 4th. The electronics maker reported $1.04 EPS for the quarter, missing analysts' consensus estimates of $1.09 by $0.05. The electronics maker had revenue of $351.82 million for the quarter, compared to analyst estimates of $361.35 million. Dolby Laboratories had a net margin of 17.74% and a return on equity of 9.45%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 earnings per share. View Dolby Laboratories' earnings history.

Dolby Laboratories declared a quarterly dividend on Monday, May 4th. Stockholders of record on Monday, May 18th will be given a dividend of $0.22 per share on Wednesday, May 27th. This represents a $0.88 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, May 15th. View Dolby Laboratories' dividend history.

Dolby Laboratories updated its third quarter earnings guidance on Monday, May, 4th. The company provided earnings per share (EPS) guidance of $0.18-0.35 for the period, compared to the Thomson Reuters consensus estimate of $0.72. The company issued revenue guidance of $225-250 million, compared to the consensus revenue estimate of $309.08 million.

6 equities research analysts have issued 12-month price objectives for Dolby Laboratories' stock. Their forecasts range from $65.00 to $72.00. On average, they expect Dolby Laboratories' share price to reach $69.00 in the next year. This suggests a possible upside of 5.2% from the stock's current price. View analysts' price targets for Dolby Laboratories.

News headlines about DLB stock have trended somewhat negative this week, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Dolby Laboratories earned a daily sentiment score of -1.5 on InfoTrie's scale. They also assigned headlines about the electronics maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Dolby Laboratories.

Dolby Laboratories saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,130,000 shares, a decline of 18.1% from the June 15th total of 1,380,000 shares. Based on an average trading volume of 475,600 shares, the short-interest ratio is currently 2.4 days. Currently, 1.8% of the company's stock are short sold. View Dolby Laboratories' Current Options Chain.

Some companies that are related to Dolby Laboratories include Amphenol (APH), Corning (GLW), Littelfuse (LFUS), Rogers (ROG) and Vishay Intertechnology (VSH). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dolby Laboratories investors own include Metlife (MET), AT&T (T), Netflix (NFLX), Comcast (CMCSA), Walt Disney (DIS), Activision Blizzard (ATVI), Brighthouse Financial (BHF), InterDigital Wireless (IDCC), Las Vegas Sands (LVS) and Hasbro (HAS).

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

Dolby Laboratories' stock is owned by many different institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.12%), Icon Wealth Partners LLC (0.00%) and CENTRAL TRUST Co (0.00%). Company insiders that own Dolby Laboratories stock include Avadis Tevanian, Dagmar Dolby, Ed H Bowman Jr, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, Peter C Gotcher, Ryan Nicholson, Steven E Forshay and Todd Pendleton. View institutional ownership trends for Dolby Laboratories.

DLB stock was sold by a variety of institutional investors in the last quarter, including CENTRAL TRUST Co. Company insiders that have sold Dolby Laboratories company stock in the last year include Avadis Tevanian, Dagmar Dolby, Ed H Bowman Jr, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, Ryan Nicholson, Steven E Forshay, and Todd Pendleton. View insider buying and selling activity for Dolby Laboratories.

DLB stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Icon Wealth Partners LLC. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of DLB stock can currently be purchased for approximately $65.61.

Dolby Laboratories has a market capitalization of $6.60 billion and generates $1.24 billion in revenue each year. The electronics maker earns $255.15 million in net income (profit) each year or $2.44 on an earnings per share basis. Dolby Laboratories employs 2,193 workers across the globe.

The official website for Dolby Laboratories is www.dolby.com.

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]