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NYSE:DLB

Dolby Laboratories - DLB Stock Forecast, Price & News

$82.78
-0.66 (-0.79%)
(As of 03/28/2023 12:51 PM ET)
Add
Compare
Today's Range
$82.47
$83.59
50-Day Range
$75.59
$86.41
52-Week Range
$61.55
$88.06
Volume
115,890 shs
Average Volume
380,060 shs
Market Capitalization
$7.93 billion
P/E Ratio
44.75
Dividend Yield
1.30%
Price Target
$98.67

Dolby Laboratories MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
18.9% Upside
$98.67 Price Target
Short Interest
Healthy
1.79% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.89mentions of Dolby Laboratories in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$12.45 M Sold Last Quarter
Proj. Earnings Growth
15.35%
From $2.41 to $2.78 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.79 out of 5 stars

Consumer Discretionary Sector

40th out of 264 stocks

Patent Owners & Lessors Industry

2nd out of 7 stocks


DLB stock logo

About Dolby Laboratories (NYSE:DLB) Stock

Dolby Laboratories, Inc. engages in the provision of audio and imaging technologies. It transforms entertainment and communications for content playback in movies, television, music, and gaming. Its products include Cinema Imaging Products, Cinema Audio Products, and other products such as 3-D kits, broadcast hardware and software, monitors, and solutions for hearing impaired consumers. The company was founded by Ray Milton Dolby in 1965 and is headquartered in San Francisco, CA.

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DLB Stock News Headlines

This Critical Metal May Soon Power Our Future!
The World Is Racing Towards Renewable Energy! And These Metal May Be The Key Element.pixel
Dolby Atmos Sound Comes To Audible
The Value Of This Metal Is Going Unnoticed By Wall St.
This Stock Could Be Undervalued Considering The Race For Renewable Energy Is Here!pixel
Dolby Laboratories (NYSE:DLB) Now Covered by StockNews.com
Dolby: A 2023 Update, And Still A 'Hold'
See More Headlines
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DLB Company Calendar

Last Earnings
11/16/2021
Ex-Dividend for 2/22 Dividend
2/13/2023
Dividend Payable
2/22/2023
Today
3/28/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Patent owners & lessors
Sub-Industry
Electronic Components
CUSIP
25659T10
Employees
2,336
Year Founded
1965

Price Target and Rating

Average Stock Price Forecast
$98.67
High Stock Price Forecast
$116.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+18.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$184.09 million
Pretax Margin
18.09%

Debt

Sales & Book Value

Annual Sales
$1.24 billion
Cash Flow
$3.47 per share
Book Value
$23.46 per share

Miscellaneous

Free Float
58,212,000
Market Cap
$7.95 billion
Optionable
Optionable
Beta
1.01

Social Links


Key Executives

  • Kevin J. YeamanKevin J. Yeaman
    President, Chief Executive Officer & Director
  • Robert J. Park
    Chief Financial Officer & Senior Vice President
  • Mark Andrew ShermanMark Andrew Sherman
    Secretary, Executive VP & General Counsel
  • Linda Rogers
    Chief People Officer & Senior Vice President
  • Todd PendletonTodd Pendleton
    Chief Marketing Officer & Senior Vice President













DLB Stock - Frequently Asked Questions

Should I buy or sell Dolby Laboratories stock right now?

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

What is Dolby Laboratories' stock price forecast for 2023?

3 analysts have issued 12 month price targets 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 year. This suggests a possible upside of 18.2% from the stock's current price.
View analysts price targets for DLB
or view top-rated stocks among Wall Street analysts.

How have DLB shares performed in 2023?

Dolby Laboratories' stock was trading at $70.54 on January 1st, 2023. Since then, DLB stock has increased by 18.3% and is now trading at $83.44.
View the best growth stocks for 2023 here
.

Are investors shorting Dolby Laboratories?

Dolby Laboratories saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 1,030,000 shares, an increase of 17.9% from the February 13th total of 873,700 shares. Based on an average daily trading volume, of 379,700 shares, the short-interest ratio is presently 2.7 days. Approximately 1.7% of the shares of the company are short sold.
View Dolby Laboratories' Short Interest
.

When is Dolby Laboratories' next earnings date?

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

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) announced its quarterly earnings results on Tuesday, November, 16th. The electronics maker reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The electronics maker had revenue of $285.03 million for the quarter, compared to analysts' expectations of $299.95 million. Dolby Laboratories had a net margin of 14.83% and a trailing twelve-month return on equity of 9.46%. Dolby Laboratories's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $0.28 EPS.

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

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 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, February 13th.
Read our dividend analysis for DLB
.

Is Dolby Laboratories a good dividend stock?

Dolby Laboratories (NYSE:DLB) pays an annual dividend of $1.08 per share and currently has a dividend yield of 1.30%. 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 38.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DLB.

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

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

What is Kevin J. Yeaman's approval rating as Dolby Laboratories' CEO?

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.

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 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).

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 Morgan Stanley (4.56%), Clearbridge Investments LLC (3.03%), Ninety One UK Ltd (2.42%), Mackenzie Financial Corp (1.56%), Wells Fargo & Company MN (1.23%) and Jackson Square Partners LLC (1.20%). Insiders that own company stock include Anjali Sud, 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, Peter C Gotcher, Ryan Nicholson, Simon Segars, Steven E Forshay, Steven E Forshay and Todd Pendleton.
View institutional ownership trends
.

How do I buy shares of Dolby Laboratories?

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.
Compare Top Brokerages Here.

What is Dolby Laboratories' stock price today?

One share of DLB stock can currently be purchased for approximately $83.44.

How much money does Dolby Laboratories make?

Dolby Laboratories (NYSE:DLB) has a market capitalization of $8.00 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.

How many employees does Dolby Laboratories have?

The company employs 2,336 workers across the globe.

Does Dolby Laboratories have any subsidiaries?
The following companies are subsidiares of Dolby Laboratories: Coding Technologies, Dolby International AB, Dolby Laboratories Licensing Corporation, Doremi Labs, Step Labs, and Voxeet.
Read More
How can I contact Dolby Laboratories?

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.

This page (NYSE:DLB) was last updated on 3/28/2023 by MarketBeat.com Staff