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

Dolby Laboratories' stock was trading at $60.23 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DLB shares have decreased by 8.4% and is now trading at $55.18. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Dolby Laboratories.

Dolby Laboratories is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Dolby Laboratories.

Dolby Laboratories, Inc. (NYSE:DLB) announced its quarterly earnings data on Wednesday, January, 29th. The electronics maker reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by $0.02. The electronics maker earned $291.88 million during the quarter, compared to the consensus estimate of $285.81 million. Dolby Laboratories had a return on equity of 8.82% and a net margin of 16.71%. Dolby Laboratories's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. View Dolby Laboratories' earnings history.

Dolby Laboratories announced a quarterly dividend on Thursday, January 30th. Investors of record on Monday, February 10th will be paid a dividend of $0.22 per share on Thursday, February 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, February 7th. View Dolby Laboratories' dividend history.

Dolby Laboratories issued an update on its FY20 earnings guidance on Wednesday, January, 29th. The company provided EPS guidance of $3.40-3.50 for the period, compared to the Thomson Reuters consensus estimate of $3.45. The company issued revenue guidance of $1.30-1.35 billion, compared to the consensus revenue estimate of $1.33 billion.

6 brokerages have issued 12 month price objectives for Dolby Laboratories' shares. Their forecasts range from $60.00 to $70.00. On average, they anticipate Dolby Laboratories' share price to reach $65.33 in the next year. This suggests a possible upside of 18.4% from the stock's current price. View analysts' price targets for Dolby Laboratories.

News headlines about DLB stock have trended very positive this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Dolby Laboratories earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned media stories about the electronics maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutDolby Laboratories.

Dolby Laboratories saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 903,500 shares, an increase of 38.6% from the February 27th total of 652,000 shares. Based on an average daily volume of 401,100 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.4% of the company's stock are sold short. View Dolby Laboratories' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Dolby Laboratories investors own include Metlife (MET), AT&T (T), Comcast (CMCSA), Netflix (NFLX), Walt Disney (DIS), Activision Blizzard (ATVI), Brighthouse Financial (BHF), InterDigital Wireless (IDCC), Las Vegas Sands (LVS) and Hasbro (HAS).

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

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 $55.18.

Dolby Laboratories has a market capitalization of $5.57 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.

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