NYSE:DLBDolby Laboratories Stock Price, Forecast & News

$58.76

+0.11 (+0.19 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

$58.37

Now: $58.76▼

$59.09

50-Day Range

$51.85

MA: $57.22▼

$60.94

52-Week Range

$44.68

Now: $58.76▼

$73.20

Volume453,400 shs

Average Volume478,054 shs

Market Capitalization$5.91 billion

P/E Ratio27.46

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.

Beat the Market (BTM) Rank^™

2.5 Analyst's Opinion

Consensus Rating
Dolby Laboratories has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $67.67, Dolby Laboratories has a potential upside of 15.2% from its current price of $58.76.
Amount of Analyst Coverage
Dolby Laboratories has only been the subject of 4 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Dolby Laboratories has received 305 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Dolby Laboratories has received 455 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Dolby Laboratories has received 59.87% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
Dolby Laboratories is a leading dividend payer. It pays a dividend yield of 1.50%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Dolby Laboratories has been increasing its dividend for 5 years.
Dividend Coverage
The dividend payout ratio of Dolby Laboratories is 36.07 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Dolby Laboratories will have a dividend payout ratio of 37.77 % next year. This indicates that Dolby Laboratories will be able to sustain or increase its dividend.

2.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Dolby Laboratories insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $547,900.00 in company stock.
Percentage Held by Insiders
38.17% of the stock of Dolby Laboratories is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
58.76% of the stock of Dolby Laboratories is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Dolby Laboratories are expected to grow by 43.83% in the coming year, from $1.62 to $2.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Dolby Laboratories is 27.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of Dolby Laboratories is 27.46, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.22.
Price to Earnings Growth Ratio
Dolby Laboratories has a PEG Ratio of 2.79. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Dolby Laboratories has a P/B Ratio of 2.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.51 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Patent owners & lessors

Sub-IndustryElectronic Components

SectorConsumer Discretionary

Current SymbolNYSE:DLB

Previous Symbol

CUSIP25659T10

CIK1308547

Webwww.dolby.com

Phone415-558-0200

Debt

Debt-to-Equity RatioN/A

Current Ratio4.75

Quick Ratio4.66

Price-To-Earnings

Trailing P/E Ratio27.46

Forward P/E Ratio36.27

P/E Growth2.79

Sales & Book Value

Annual Sales$1.24 billion

Price / Sales4.76

Cash Flow$3.40 per share

Price / Cash Flow17.27

Book Value$23.10 per share

Price / Book2.54

Profitability

EPS (Most Recent Fiscal Year)$2.44

Net Income$255.15 million

Net Margins17.74%

Return on Equity9.45%

Return on Assets7.70%

Miscellaneous

Employees2,193

Outstanding Shares100,658,000

Market Cap$5.91 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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DLB stock has decreased by 2.4% and is now trading at $58.76. 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) issued its quarterly earnings data on Monday, May, 4th. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.09 by $0.05. The electronics maker earned $351.82 million during the quarter, compared to analysts' expectations of $361.35 million. Dolby Laboratories had a return on equity of 9.45% and a net margin of 17.74%. Dolby Laboratories's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 EPS. View Dolby Laboratories' earnings history.

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

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 dividend yield of 1.50%. The ex-dividend date of this dividend 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 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.

What price target have analysts set for DLB?

6 analysts have issued 12 month target prices for Dolby Laboratories' shares. Their forecasts range from $65.00 to $70.00. On average, they expect Dolby Laboratories' share price to reach $67.67 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price. View analysts' price targets for Dolby Laboratories.

Has Dolby Laboratories been receiving favorable news coverage?

Press coverage about DLB stock has been trending negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Dolby Laboratories earned a news impact score of -2.6 on InfoTrie's scale. They also gave media headlines about the electronics maker a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutDolby Laboratories.

Are investors shorting Dolby Laboratories?

Dolby Laboratories saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 574,900 shares, a drop of 28.9% from the April 30th total of 808,900 shares. Based on an average daily volume of 497,400 shares, the short-interest ratio is currently 1.2 days. Currently, 0.9% of the company's shares are sold short. 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 institutional and retail 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 $58.76.

How big of a company is Dolby Laboratories?

Dolby Laboratories has a market capitalization of $5.91 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