Dolby Laboratories Stock Forecast, Price & 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 (WHO). Since then, DLB stock has increased by 6.4% and is now trading at $64.06.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Dolby Laboratories is scheduled to release its next quarterly earnings announcement on Thursday, November 12th 2020.
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Dolby Laboratories, Inc. (NYSE:DLB) announced its quarterly earnings data on Monday, August, 3rd. The electronics maker reported $0.86 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.13 by $0.73. The electronics maker had revenue of $246.91 million for the quarter, compared to analyst estimates of $232.61 million. Dolby Laboratories had a net margin of 20.89% and a return on equity of 10.67%. The company's quarterly revenue was down 18.3% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share.
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Dolby Laboratories declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Monday, August 17th will be given a dividend of $0.22 per share on Wednesday, August 26th. This represents a $0.88 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, August 14th.
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Dolby Laboratories issued an update on its fourth quarter earnings guidance on Monday, August, 3rd. The company provided EPS guidance of $0.22-0.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.42. The company issued revenue guidance of $225-255 million, compared to the consensus revenue estimate of $251.94 million.

5 Wall Street analysts have issued 12-month price targets for Dolby Laboratories' stock. Their forecasts range from $65.00 to $83.00. On average, they anticipate Dolby Laboratories' share price to reach $73.67 in the next twelve months. This suggests a possible upside of 15.0% from the stock's current price.
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Some companies that are related to Dolby Laboratories include Amphenol (APH), Corning (GLW), Littelfuse (LFUS), Vishay Intertechnology (VSH) and Rogers (ROG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Dolby Laboratories investors own include InterDigital Wireless (IDCC), Advanced Micro Devices (AMD), Energy Transfer LP Unit (ET), AbbVie (ABBV), Abbott Laboratories (ABT), Bank of Hawaii (BOH), Mastercard (MA), Stag Industrial (STAG), Comcast (CMCSA) and NVIDIA (NVDA).

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 shareholders include Vanguard Group Inc. (5.86%), Ceredex Value Advisors LLC (1.25%), Bank of New York Mellon Corp (1.12%), Bank of Montreal Can (0.96%), Nantahala Capital Management LLC (0.92%) and Blair William & Co. IL (0.86%). 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.
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DLB stock was sold by a variety of institutional investors in the last quarter, including Blair William & Co. IL, Thrivent Financial for Lutherans, First Trust Advisors LP, Nuveen Asset Management LLC, Canada Pension Plan Investment Board, Bank of America Corp DE, Vanguard Group Inc., and Bank of Montreal Can. Company insiders that have sold Dolby Laboratories company stock in the last year include Avadis Tevanian, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, Steven E Forshay, and Todd Pendleton.
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DLB stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Kayne Anderson Rudnick Investment Management LLC, Alyeska Investment Group L.P., KAMES CAPITAL plc, Marathon Asset Management LLP, Ceredex Value Advisors LLC, Obermeyer Wood Investment Counsel Lllp, and Seizert Capital 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 $64.06.

Dolby Laboratories has a market capitalization of $6.44 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]