NYSE:DLBDolby Laboratories Stock Price, Forecast & News

Dolby Laboratories' stock was trading at $60.23 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DLB shares have increased by 9.5% and is now trading at $65.97. 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) announced its quarterly earnings results on Monday, May, 4th. The electronics maker reported $1.04 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.09 by $0.05. The electronics maker earned $351.82 million during 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%. Dolby Laboratories's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.04 earnings per share. View Dolby Laboratories' earnings history.

Dolby Laboratories declared a quarterly dividend on Monday, May 4th. Shareholders 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 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, May 15th. View Dolby Laboratories' dividend history.

Dolby Laboratories issued an update on 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 earnings per share estimate of $0.72. The company issued revenue guidance of $225-250 million, compared to the consensus revenue estimate of $309.08 million.

6 brokerages have issued 12 month price targets for Dolby Laboratories' stock. Their forecasts range from $65.00 to $72.00. On average, they anticipate Dolby Laboratories' share price to reach $69.00 in the next twelve months. This suggests a possible upside of 4.6% from the stock's current price. View analysts' price targets for Dolby Laboratories.

Headlines about DLB stock have been trending negative this week, InfoTrie reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Dolby Laboratories earned a daily sentiment score of -2.2 on InfoTrie's scale. They also gave news coverage about the electronics maker a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the near term. View the latest news about Dolby Laboratories.

Dolby Laboratories saw a decrease in short interest in June. As of June 30th, there was short interest totaling 1,130,000 shares, a decrease of 18.1% from the June 15th total of 1,380,000 shares. Based on an average daily trading volume, of 475,600 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.8% of the shares of the stock are sold short. 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."

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 $65.97.

Dolby Laboratories has a market capitalization of $6.64 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]