NYSE:DLBDolby Laboratories Stock Price, Forecast & News

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 shares have increased by 15.7% and is now trading at $69.70.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Dolby Laboratories is scheduled to release its next quarterly earnings announcement on Thursday, November 12th 2020.
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Dolby Laboratories, Inc. (NYSE:DLB) released its quarterly earnings data on Monday, August, 3rd. The electronics maker reported $0.86 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.13 by $0.73. The electronics maker had revenue of $246.91 million for the quarter, compared to analyst estimates of $232.61 million. Dolby Laboratories had a return on equity of 10.67% and a net margin of 20.89%. The business's revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter last year, the business earned $0.76 EPS.
View Dolby Laboratories' earnings history.

Dolby Laboratories announced a quarterly dividend on Tuesday, August 4th. Investors of record on Monday, August 17th will be paid a dividend of $0.22 per share on Wednesday, August 26th. This represents a $0.88 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, August 14th.
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Dolby Laboratories updated its fourth quarter earnings guidance on Monday, August, 3rd. The company provided earnings per share guidance of $0.22-0.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.42. The company issued revenue guidance of $225-255 million, compared to the consensus revenue estimate of $251.94 million.

5 analysts have issued 12-month price targets for Dolby Laboratories' stock. Their forecasts range from $65.00 to $83.00. On average, they anticipate Dolby Laboratories' share price to reach $73.67 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price.
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Media coverage about DLB stock has trended somewhat negative on Friday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Dolby Laboratories earned a coverage optimism score of -1.8 on InfoTrie's scale. They also assigned media coverage about the electronics maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Dolby Laboratories.

Dolby Laboratories saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,440,000 shares, an increase of 27.4% from the June 15th total of 1,130,000 shares. Based on an average trading volume of 435,500 shares, the short-interest ratio is presently 3.3 days. Currently, 2.3% of the company's stock are short sold.
View Dolby Laboratories' Short Interest.

Some companies that are related to Dolby Laboratories include Amphenol (APH), Corning (GLW), Littelfuse (LFUS), Vishay Intertechnology (VSH) and Rogers (ROG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Dolby Laboratories investors own include Comcast (CMCSA), Metlife (MET), Activision Blizzard (ATVI), Netflix (NFLX), AT&T (T), Walt Disney (DIS), Brighthouse Financial (BHF), InterDigital Wireless (IDCC), Las Vegas Sands (LVS) and Advanced Micro Devices (AMD).

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

Dolby Laboratories' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.86%), Ceredex Value Advisors LLC (1.25%), Bank of New York Mellon Corp (1.12%), Bank of Montreal Can (0.96%), Nantahala Capital Management LLC (0.92%) and Blair William & Co. IL (0.86%). 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.
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DLB stock was sold by a variety of institutional investors in the last quarter, including Blair William & Co. IL, Thrivent Financial for Lutherans, First Trust Advisors LP, Bank of America Corp DE, Vanguard Group Inc., Bank of Montreal Can, William Blair Investment Management LLC, and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have sold Dolby Laboratories company stock in the last year include Avadis Tevanian, 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.

DLB stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Kayne Anderson Rudnick Investment Management LLC, Alyeska Investment Group L.P., KAMES CAPITAL plc, Marathon Asset Management LLP, Ceredex Value Advisors LLC, Obermeyer Wood Investment Counsel Lllp, and Seizert Capital Partners LLC.
View insider buying and selling activity for 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.

One share of DLB stock can currently be purchased for approximately $69.70.

Dolby Laboratories has a market capitalization of $7.01 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.

The official website for Dolby Laboratories is www.dolby.com.

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]