Dolby Laboratories - DLB Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DLB shares.
View DLB analyst ratings or view top-rated stocks.

3 brokerages have issued 12 month price objectives for Dolby Laboratories' stock. Their DLB share price forecasts range from $90.00 to $116.00. On average, they expect the company's share price to reach $98.67 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
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Dolby Laboratories' stock was trading at $70.54 at the beginning of 2023. Since then, DLB stock has increased by 22.5% and is now trading at $86.41.
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Dolby Laboratories saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 1,300,000 shares, an increase of 18.2% from the December 31st total of 1,100,000 shares. Based on an average daily trading volume, of 423,500 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.2% of the shares of the company are short sold.
View Dolby Laboratories' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our DLB earnings forecast.

Dolby Laboratories, Inc. (NYSE:DLB) issued its earnings results on Thursday, November, 17th. The electronics maker reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by $0.14. The electronics maker earned $278.20 million during the quarter, compared to the consensus estimate of $303.58 million. Dolby Laboratories had a trailing twelve-month return on equity of 9.32% and a net margin of 14.83%.

Dolby Laboratories declared a quarterly dividend on Thursday, February 2nd. Investors of record on Tuesday, February 14th will be paid a dividend of $0.27 per share on Wednesday, February 22nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, February 13th.
Read our dividend analysis for DLB.

Dolby Laboratories (NYSE:DLB) pays an annual dividend of $1.08 per share and currently has a dividend yield of 1.25%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 58.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DLB will have a dividend payout ratio of 38.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DLB.

Dolby Laboratories updated its second quarter earnings guidance on Thursday, February, 2nd. The company provided EPS guidance of $0.90-$1.05 for the period, compared to the consensus estimate of $0.93. The company issued revenue guidance of $340-$370 million, compared to the consensus revenue estimate of $332.11 million.

253 employees have rated Dolby Laboratories Chief Executive Officer Kevin J. Yeaman on Glassdoor.com. Kevin J. Yeaman has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dolby Laboratories investors own include InterDigital (IDCC), Energy Transfer (ET), Advanced Micro Devices (AMD), 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 retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (0.65%), Boston Trust Walden Corp (0.34%), Ceredex Value Advisors LLC (0.34%), New York State Common Retirement Fund (0.31%), Pembroke Management LTD (0.22%) and Norris Perne & French LLP MI (0.21%). Insiders that own company stock include Avadis Tevanian, Emily Rollins, Giles Baker, John D Couling, Kenneth D Knight, Kevin J Yeaman, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, Peter C Gotcher, Ryan Nicholson, Steven E Forshay, Steven E Forshay and Todd Pendleton.
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Shares of DLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DLB stock can currently be purchased for approximately $86.41.

Dolby Laboratories (NYSE:DLB) has a market capitalization of $8.29 billion and generates $1.25 billion in revenue each year. The electronics maker earns $184.09 million in net income (profit) each year or $1.85 on an earnings per share basis.

The company employs 2,336 workers across the globe.

Dolby Laboratories' mailing address is 1275 MARKET STREET, SAN FRANCISCO CA, 94103. The official website for the company is www.dolby.com. The electronics maker can be reached via phone at (415) 558-0200, via email at investor@dolby.com, or via fax at 415-645-4000.