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

$69.25
-0.35 (-0.50 %)
(As of 01/19/2020 05:06 AM ET)
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Today's Range
$68.91
Now: $69.25▼
$69.75
50-Day Range
$66.57
MA: $68.33▼
$69.59
52-Week Range
$56.09
Now: $69.25▼
$70.17
Volume242,773 shs
Average Volume265,579 shs
Market Capitalization$6.94 billion
P/E Ratio28.38
Dividend Yield1.26%
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. Read More…

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Patent owners & lessors
Sub-IndustryElectronic Components
SectorConsumer Discretionary
Current SymbolNYSE:DLB
Previous Symbol
CUSIP25659T10
CIK1308547
Webhttp://www.dolby.com/
Phone415-558-0200

Debt

Debt-to-Equity RatioN/A
Current Ratio4.50
Quick Ratio4.40

Price-To-Earnings

Trailing P/E Ratio28.38
Forward P/E Ratio24.13
P/E Growth1.87

Sales & Book Value

Annual Sales$1.24 billion
Price / Sales5.59
Cash Flow$3.38 per share
Price / Cash Flow20.46
Book Value$23.10 per share
Price / Book3.00

Profitability

EPS (Most Recent Fiscal Year)$2.44
Net Income$255.15 million
Net Margins20.56%
Return on Equity9.37%
Return on Assets7.74%

Miscellaneous

Employees2,193
Outstanding Shares100,200,000
Market Cap$6.94 billion
Next Earnings Date1/29/2020 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Thursday, November 14th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.22 per share on Wednesday, December 4th. This represents a $0.88 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Monday, November 25th. View Dolby Laboratories' Dividend History.

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) announced its quarterly earnings results on Thursday, November, 14th. The electronics maker reported $0.43 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.48 by $0.05. The electronics maker earned $298.80 million during the quarter, compared to the consensus estimate of $297.55 million. Dolby Laboratories had a net margin of 20.56% and a return on equity of 9.37%. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $0.44 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 29th 2020. View Earnings Estimates for Dolby Laboratories.

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

Dolby Laboratories issued an update on its FY 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of $3.40-3.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.87. The company issued revenue guidance of $$1.3-1.35 billion, compared to the consensus revenue estimate of $$1.35 billion.

What price target have analysts set for DLB?

5 Wall Street analysts have issued 1-year price objectives for Dolby Laboratories' shares. Their forecasts range from $73.00 to $85.00. On average, they anticipate Dolby Laboratories' stock price to reach $79.00 in the next twelve months. This suggests a possible upside of 14.1% 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 1 hold rating and 4 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 reported healthy fourth-quarter fiscal 2019 results with year-over-year increase in earnings and revenues. Impressive market traction of Dolby Cinema technology is proving to be a major profit churner for the company. It believes that surging demand for premium viewing experience will fuel growth for Dolby Cinema. Dolby’s growth strategy stands on three pillars, which includes advancing the science of sight and sound, providing creative solutions, and delivering superior experiences. However, escalating cost of sales has been a major concern. The company’s Products and Services segment is witnessing declining revenue trends due to soft China market, which is impairing its overall performance. Stiff competition, price-sensitive nature of the entertainment industry and fluctuations of cinema product sales remain other headwinds." (11/18/2019)
  • 2. Barrington Research analysts commented, "We continue our OUTPERFORM investment rating on DLB and $85 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 $0.76 annual dividend provides a yield of 1.2%. 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 remain in early stages in terms of financial metrics. 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. Laboratories, Inc." (1/31/2019)

Has Dolby Laboratories been receiving favorable news coverage?

News articles about DLB stock have been trending very negative on Sunday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Dolby Laboratories earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news articles about the electronics maker a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Dolby Laboratories.

Are investors shorting Dolby Laboratories?

Dolby Laboratories saw a drop in short interest in the month of December. As of December 31st, there was short interest totalling 387,600 shares, a drop of 35.9% from the December 15th total of 604,300 shares. Based on an average trading volume of 322,100 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.6% of the shares of the company are sold short. View Dolby Laboratories' Current Options Chain.

Who are some of Dolby Laboratories' key competitors?

Some companies that are related to Dolby Laboratories include Amphenol (APH), Corning (GLW), Littelfuse (LFUS), AVX (AVX), Vishay Intertechnology (VSH) and Rogers (ROG).

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 Wireless (IDCC), Bank of Hawaii (BOH), Energy Transfer LP Unit (ET), Comcast (CMCSA), Cisco Systems (CSCO), Netflix (NFLX), PepsiCo (PEP), Starbucks (SBUX), Bank of America (BAC) and JPMorgan Chase & Co. (JPM).

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, Principal Financial Officer (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 many different of institutional and retail investors. Top institutional investors include Trinity Street Asset Management LLP (0.52%), Patten & Patten Inc. TN (0.05%), Arden Trust Co (0.02%), Zeke Capital Advisors LLC (0.01%), FormulaFolio Investments LLC (0.00%) and OLD National Bancorp IN (0.00%). Company insiders that own Dolby Laboratories stock include Dagmar Dolby, Ed H Bowman Jr, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, N William Jasper, Jr, Nicholas Donatiello Jr, Peter C Gotcher, Ryan Nicholson 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 Arden Trust Co, Patten & Patten Inc. TN and Raymond James Trust N.A.. Company insiders that have sold Dolby Laboratories company stock in the last year include Dagmar Dolby, Ed H Bowman Jr, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, Peter C Gotcher, Ryan Nicholson and Steven E Forshay. View Insider Buying and Selling for Dolby Laboratories.

Which institutional investors are buying Dolby Laboratories stock?

DLB stock was bought by a variety of institutional investors in the last quarter, including Trinity Street Asset Management LLP, FormulaFolio Investments LLC, OLD National Bancorp IN and Zeke Capital Advisors LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Dolby Laboratories' stock price today?

One share of DLB stock can currently be purchased for approximately $69.25.

How big of a company is Dolby Laboratories?

Dolby Laboratories has a market capitalization of $6.94 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.View Additional Information About Dolby Laboratories.

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:  2.0 out of 5 (star star)
Outperform Votes:  288 (Vote Outperform)
Underperform Votes:  446 (Vote Underperform)
Total Votes:  734
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 1/19/2020 by MarketBeat.com Staff

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