NYSE:DLB - Dolby Laboratories Stock Price, News, & Analysis

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$69.86 +1.78 (+2.61 %)
(As of 11/16/2018 01:11 AM ET)
Previous Close$68.08
Today's Range$67.82 - $70.04
52-Week Range$58.37 - $74.29
Volume342,100 shs
Average Volume389,241 shs
Market Capitalization$7.03 billion
P/E Ratio29.11
Dividend Yield1.11%
Beta0.73
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, including Dolby Digital Plus for digital television, mobile, and Internet-based services; Dolby Digital, a digital audio coding technology that provides multichannel sound in the home; and AAC & HE-AAC, an audio coding technologies used to broadcast, download, and streaming content. Its audio technologies also comprise Dolby TrueHD, an audio coding technology for content providers; Dolby Atmos, an object-oriented audio technology for home theaters, device speakers, and headphones; Dolby AC-4, a digital audio coding system that addresses the current and future needs of broadcast and streaming entertainment services; Dolby Voice, an audio conferencing technology; and Dolby Vision, an imaging technology for cinema, digital television, and other consumer devices, as well as HEVC, a digital video codec with higher bandwidth efficiency used in a range of media devices. In addition, the company designs and manufactures audio and imaging products, such as digital cinema servers, Dolby Cinema audio products, and other products for the film production, cinema, television, broadcast, and entertainment industries. Further, it offers an array of 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Patent owners & lessors
Sub-IndustryElectronic Components
SectorConsumer Discretionary
Current SymbolNYSE:DLB
Previous Symbol
CUSIP25659T10
Phone415-558-0200

Debt

Debt-to-Equity RatioN/A
Current Ratio5.16
Quick Ratio5.06

Price-To-Earnings

Trailing P/E Ratio29.11
Forward P/E Ratio28.51
P/E Growth2.31

Sales & Book Value

Annual Sales$1.17 billion
Price / Sales6.18
Cash Flow$3.1683 per share
Price / Cash22.05
Book Value$20.99 per share
Price / Book3.33

Profitability

EPS (Most Recent Fiscal Year)$2.40
Net Income$122.25 million
Net Margins10.43%
Return on Equity12.81%
Return on Assets10.52%

Miscellaneous

Employees2,122
Outstanding Shares103,650,000
Market Cap$7.03 billion
OptionableOptionable

Dolby Laboratories (NYSE:DLB) Frequently Asked Questions

What is Dolby Laboratories' stock symbol?

Dolby Laboratories trades on the New York Stock Exchange (NYSE) under the ticker symbol "DLB."

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

Dolby Laboratories announced a quarterly dividend on Wednesday, October 24th. Stockholders of record on Monday, November 5th will be given a dividend of $0.19 per share on Wednesday, November 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, November 2nd. This is an increase from Dolby Laboratories's previous quarterly dividend of $0.16. View Dolby Laboratories' Dividend History.

How will Dolby Laboratories' stock buyback program work?

Dolby Laboratories declared that its board has initiated a stock repurchase plan on Sunday, April 9th 2017, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) issued its quarterly earnings data on Wednesday, October, 24th. The electronics maker reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.17. The electronics maker earned $265.33 million during the quarter, compared to analyst estimates of $272.42 million. Dolby Laboratories had a net margin of 10.43% and a return on equity of 12.81%. During the same period in the previous year, the business posted $0.21 EPS. View Dolby Laboratories' Earnings History.

When is Dolby Laboratories' next earnings date?

Dolby Laboratories is scheduled to release their next quarterly earnings announcement on Wednesday, January 23rd 2019. View Earnings Estimates for Dolby Laboratories.

What price target have analysts set for DLB?

5 analysts have issued twelve-month price targets for Dolby Laboratories' stock. Their predictions range from $63.00 to $80.00. On average, they anticipate Dolby Laboratories' share price to reach $72.75 in the next year. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for Dolby Laboratories.

What is the consensus analysts' recommendation for Dolby Laboratories?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Dolby Laboratories.

What are Wall Street analysts saying about Dolby Laboratories stock?

Here are some recent quotes from research analysts about Dolby Laboratories stock:
  • 1. According to Zacks Investment Research, "Dolby’s fourth-quarter fiscal 2018 adjusted earnings trumped the Zacks Consensus Estimate by 2.3%, backed by top-line growth. Impressive market traction of offerings under three of its new businesses — Dolby Voice, Dolby Vision and Dolby Cinema — are likely to fortify its market footprint. However, over the past few quarters, escalating cost of sales has been a major concern for the company. Its products and services segments are seeing declining revenue trends, which is harming overall growth.  Moreover, given that the transition to digital cinema is complete, demand for new digital cinema screens is slowing down, which is impeding cinema product sales, particularly in China. Stiff competition, price-sensitive nature of the entertainment industry and fluctuations of cinema product sales also pose significant threats to its margins. This apart, the stock looks significantly overvalued compared to the industry." (11/13/2018)
  • 2. Barrington Research analysts commented, "We continue our OUTPERFORM investment rating on DLB and $78 price target: While the favorable financial impact from the rollout of new technologies continues to evolve, we feel the benefits from some of them are becoming increasingly meaningful. The company’s $0.64 annual dividend provides a yield of 1.0%. The company also is active in repurchasing its shares, with over $400 million in authorization currently remaining. Management has noted that monetization benefits from its cinema sector efforts will not have a material impact on financial metrics for at least a year or two. However, excitement over the early success of these initiatives has created a more optimistic view of Dolby’s potential to create renewed corporate momentum as management continues to target a return to double-digit growth." (7/26/2018)

Has Dolby Laboratories been receiving favorable news coverage?

News stories about DLB stock have trended somewhat positive recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Dolby Laboratories earned a daily sentiment score of 1.2 on InfoTrie's scale. They also gave media stories about the electronics maker a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future.

Are investors shorting Dolby Laboratories?

Dolby Laboratories saw a drop in short interest during the month of October. As of October 15th, there was short interest totalling 779,557 shares, a drop of 40.3% from the September 28th total of 1,306,465 shares. Based on an average daily volume of 362,047 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.2% of the company's shares are short sold. View Dolby Laboratories' Current Options Chain.

Who are some of Dolby Laboratories' key competitors?

Who are Dolby Laboratories' key executives?

Dolby Laboratories' management team includes the folowing people:
  • Mr. Kevin J. Yeaman, Pres, CEO & Director (Age 52)
  • Mr. Lewis Chew, Exec. VP, CFO & Principal Accounting Officer (Age 55)
  • Mr. Andy Sherman, Exec. VP, Gen. Counsel & Corp. Sec. (Age 51)
  • Mr. Steven E. Forshay, Sr. VP of Advanced Technology Group (Age 64)
  • Ms. Elena Carr, Director of Corp. Fin. & Investor Relations

Who are Dolby Laboratories' major shareholders?

Dolby Laboratories' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Janus Henderson Group PLC (3.56%), BlackRock Inc. (2.82%), FMR LLC (2.52%), Renaissance Technologies LLC (2.37%), Fuller & Thaler Asset Management Inc. (1.23%) and Timucuan Asset Management Inc. FL (1.20%). Company insiders that own Dolby Laboratories stock include Bob Borchers, Dagmar Dolby, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, N William Jasper, Jr, Nicholas Donatiello Jr, Nicholas Donatiello, Jr, Peter C Gotcher and Steven E Forshay. 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 American Century Companies Inc., AQR Capital Management LLC, Allianz Asset Management GmbH, Canada Pension Plan Investment Board, Janus Henderson Group PLC, Castleark Management LLC, Willis Investment Counsel and Fuller & Thaler Asset Management Inc.. Company insiders that have sold Dolby Laboratories company stock in the last year include Bob Borchers, Dagmar Dolby, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, N William Jasper, Jr, Nicholas Donatiello Jr and Peter C Gotcher. View Insider Buying and Selling 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 William Blair Investment Management LLC, Blair William & Co. IL, BlackRock Inc., Renaissance Technologies LLC, Deutsche Bank AG, FMR LLC, Schroder Investment Management Group and Artemis Investment Management LLP. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Dolby Laboratories' stock price today?

One share of DLB stock can currently be purchased for approximately $69.86.

How big of a company is Dolby Laboratories?

Dolby Laboratories has a market capitalization of $7.03 billion and generates $1.17 billion in revenue each year. The electronics maker earns $122.25 million in net income (profit) each year or $2.40 on an earnings per share basis. Dolby Laboratories employs 2,122 workers across the globe.

What is Dolby Laboratories' official website?

The official website for Dolby Laboratories is http://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]


MarketBeat Community Rating for Dolby Laboratories (NYSE DLB)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  236 (Vote Outperform)
Underperform Votes:  393 (Vote Underperform)
Total Votes:  629
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.
This page was last updated on 11/16/2018 by MarketBeat.com Staff

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