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

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$64.56 +0.60 (+0.94 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$64.56
Today's Range$63.73 - $65.26
52-Week Range$58.17 - $74.29
Volume297,835 shs
Average Volume324,200 shs
Market Capitalization$6.60 billion
P/E Ratio26.90
Dividend Yield1.19%
Beta0.83
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.

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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
Webwww.dolby.com
Phone415-558-0200

Debt

Debt-to-Equity RatioN/A
Current Ratio4.78
Quick Ratio4.69

Price-To-Earnings

Trailing P/E Ratio26.90
Forward P/E Ratio26.35
P/E Growth2.18

Sales & Book Value

Annual Sales$1.17 billion
Price / Sales5.69
Cash Flow$3.3313 per share
Price / Cash Flow19.38
Book Value$21.27 per share
Price / Book3.04

Profitability

EPS (Most Recent Fiscal Year)$2.40
Net Income$122.24 million
Net Margins10.43%
Return on Equity12.72%
Return on Assets10.46%

Miscellaneous

Employees2,151
Outstanding Shares103,260,000
Market Cap$6.60 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. Investors of record on Monday, November 5th will be paid a dividend of $0.19 per share on Wednesday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, November 2nd. This is a boost 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 of Directors has authorized a share repurchase program on Sunday, April 9th 2017, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) issued its earnings results on Wednesday, October, 24th. The electronics maker reported $0.47 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.17. The electronics maker earned $265.33 million during the quarter, compared to the consensus estimate of $272.42 million. Dolby Laboratories had a return on equity of 12.72% and a net margin of 10.43%. During the same period in the previous year, the business posted $0.21 earnings per share. 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 30th 2019. View Earnings Estimates for Dolby Laboratories.

What price target have analysts set for DLB?

5 equities research analysts have issued 12 month price objectives for Dolby Laboratories' stock. Their forecasts range from $67.00 to $80.00. On average, they expect Dolby Laboratories' share price to reach $73.75 in the next year. This suggests a possible upside of 14.2% 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, "Impressive market traction of Dolby Cinema technology is proving to be a major profit churner for Dolby. Moreover, it believes that surging demand for premium viewing experiences will fuel growth for Dolby Cinema over the long haul. The company’s growth strategy stands on three pillars, advancing the science of sight and sound, providing creative solutions, and delivering superior experiences. Successful execution in each of these areas has led to healthy growth over the past few quarters. The stock has outperformed the industry in the past six months on an average. However, escalating cost of sales has been a major concern for Dolby. Its products and services segments are witnessing declining revenue trends, which is hurting overall operating performance. Stiff competition, price-sensitive nature of the entertainment industry and fluctuations of cinema product sales pose significant threats to the company’s margin." (1/17/2019)
  • 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?

Media headlines about DLB stock have trended extremely positive this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Dolby Laboratories earned a media sentiment score of 4.3 on InfoTrie's scale. They also assigned press coverage about the electronics maker a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the near term.

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 53)
  • Mr. Lewis Chew, Exec. VP & CFO (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)

Who are Dolby Laboratories' major shareholders?

Dolby Laboratories' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Patten & Patten Inc. TN (0.04%), Cardinal Capital Management (0.03%), R.H. Dinel Investment Counsel Inc. (0.02%), Meeder Asset Management Inc. (0.01%) and CENTRAL TRUST Co (0.00%). 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 major investors are buying Dolby Laboratories stock?

DLB stock was acquired by a variety of institutional investors in the last quarter, including Patten & Patten Inc. TN, R.H. Dinel Investment Counsel Inc., Meeder Asset Management Inc., CENTRAL TRUST Co and Cardinal Capital Management. 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 $64.56.

How big of a company is Dolby Laboratories?

Dolby Laboratories has a market capitalization of $6.60 billion and generates $1.17 billion in revenue each year. The electronics maker earns $122.24 million in net income (profit) each year or $2.40 on an earnings per share basis. Dolby Laboratories employs 2,151 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:  245 (Vote Outperform)
Underperform Votes:  406 (Vote Underperform)
Total Votes:  651
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 1/19/2019 by MarketBeat.com Staff

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