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NYSE:DLBDolby Laboratories Stock Price, Forecast & News

$61.25
+0.59 (+0.97 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$60.77
Now: $61.25
$61.75
50-Day Range
$51.85
MA: $57.22
$60.94
52-Week Range
$44.68
Now: $61.25
$73.20
Volume407,953 shs
Average Volume444,757 shs
Market Capitalization$6.17 billion
P/E Ratio28.62
Dividend Yield1.50%
Beta0.87
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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Dolby Laboratories logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 2.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.51 out of 5 stars


Industry, Sector and Symbol

Industry Patent owners & lessors
Sub-IndustryElectronic Components
SectorConsumer Discretionary
CUSIP25659T10
Phone415-558-0200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.24 billion
Cash Flow$3.55 per share
Book Value$23.54 per share

Profitability

Net Income$255.15 million

Miscellaneous

Employees2,193
Market Cap$6.17 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Dolby Laboratories (NYSE:DLB) Frequently Asked Questions

How has Dolby Laboratories' stock been impacted by COVID-19 (Coronavirus)?

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. Since then, DLB stock has increased by 1.7% and is now trading at $61.25. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Dolby Laboratories?

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

When is Dolby Laboratories' next earnings date?

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

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) announced its quarterly earnings data on Monday, May, 4th. The electronics maker reported $1.04 earnings per share (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 the consensus estimate of $361.35 million. Dolby Laboratories had a return on equity of 9.45% and a net margin of 17.74%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. View Dolby Laboratories' earnings history.

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

Dolby Laboratories announced a quarterly dividend on Monday, May 4th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.22 per share on Wednesday, May 27th. This represents a $0.88 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, May 15th. View Dolby Laboratories' dividend history.

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

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 EPS estimate of $0.72. The company issued revenue guidance of $225-250 million, compared to the consensus revenue estimate of $309.08 million.

What price target have analysts set for DLB?

6 equities research analysts have issued twelve-month price objectives for Dolby Laboratories' stock. Their forecasts range from $65.00 to $70.00. On average, they anticipate Dolby Laboratories' stock price to reach $67.67 in the next year. This suggests a possible upside of 10.5% from the stock's current price. View analysts' price targets for Dolby Laboratories.

Has Dolby Laboratories been receiving favorable news coverage?

News coverage about DLB stock has been trending somewhat positive on Wednesday, InfoTrie reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Dolby Laboratories earned a news sentiment score of 1.6 on InfoTrie's scale. They also gave media coverage about the electronics maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutDolby Laboratories.

Are investors shorting Dolby Laboratories?

Dolby Laboratories saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 574,900 shares, a decrease of 28.9% from the April 30th total of 808,900 shares. Based on an average daily volume of 497,400 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.9% of the shares of the company are short sold. View Dolby Laboratories' Current Options Chain.

Who are some of Dolby Laboratories' key competitors?

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

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 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).

Who are Dolby Laboratories' key executives?

Dolby Laboratories' management team includes the following people:
  • Mr. Kevin J. Yeaman, Pres, CEO & Director (Age 53)
  • Mr. Lewis Chew, Principal Financial Officer (Age 56)
  • Mr. Andy Sherman, Exec. VP, Gen. Counsel & Corp. Sec. (Age 52)
  • Mr. Todd Pendleton, Sr. VP & Chief Marketing Officer (Age 47)
  • Mr. Giles Baker, Sr. VP of Consumer Entertainment (Age 43)

What is Dolby Laboratories' stock symbol?

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

Who are Dolby Laboratories' major shareholders?

Dolby Laboratories' stock is owned by many different retail and institutional investors. Top institutional investors include Janus Henderson Group PLC (4.37%), Clearbridge Investments LLC (4.16%), BlackRock Inc. (2.94%), Atlanta Capital Management Co. L L C (2.33%), Mackenzie Financial Corp (2.05%) and Disciplined Growth Investors Inc. MN (1.83%). 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.

Which institutional investors are selling Dolby Laboratories stock?

DLB stock was sold by a variety of institutional investors in the last quarter, including Timucuan Asset Management Inc. FL, Thrivent Financial for Lutherans, Clearbridge Investments LLC, Two Sigma Investments LP, Alliancebernstein L.P., Schroder Investment Management Group, Raymond James & Associates, and BlackRock Inc.. 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.

Which institutional investors are buying Dolby Laboratories stock?

DLB stock was purchased by a variety of institutional investors in the last quarter, including Atlanta Capital Management Co. L L C, Ceredex Value Advisors LLC, Boston Trust Walden Corp, Boston Trust Walden Corp, Mackenzie Financial Corp, Trigran Investments Inc., Eagle Asset Management Inc., and Pembroke Management LTD. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Dolby Laboratories' stock price today?

One share of DLB stock can currently be purchased for approximately $61.25.

How big of a company is Dolby Laboratories?

Dolby Laboratories has a market capitalization of $6.17 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.

What is Dolby Laboratories' official website?

The official website for Dolby Laboratories is 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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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