Dolby Laboratories - DLB Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DLB shares.
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3 brokers have issued 1-year target prices for Dolby Laboratories' stock. Their DLB share price forecasts range from $90.00 to $90.00. On average, they predict the company's share price to reach $90.00 in the next year. This suggests a possible upside of 32.3% from the stock's current price.
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Dolby Laboratories' stock was trading at $95.22 at the beginning of the year. Since then, DLB shares have decreased by 28.6% and is now trading at $68.01.
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Dolby Laboratories saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 929,600 shares, a decrease of 10.6% from the August 15th total of 1,040,000 shares. Based on an average daily volume of 452,200 shares, the short-interest ratio is currently 2.1 days. Approximately 1.5% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 15th 2022.
View our DLB earnings forecast.

Dolby Laboratories, Inc. (NYSE:DLB) issued its earnings results on Tuesday, August, 9th. The electronics maker reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. The electronics maker earned $289.60 million during the quarter, compared to analyst estimates of $294.03 million. Dolby Laboratories had a net margin of 15.91% and a trailing twelve-month return on equity of 9.38%. The firm's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS.

Dolby Laboratories announced a quarterly dividend on Tuesday, August 9th. Investors of record on Tuesday, August 23rd will be paid a dividend of $0.25 per share on Wednesday, August 31st. This represents a $1.00 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Monday, August 22nd.
Read our dividend analysis for DLB.

Dolby Laboratories (NYSE:DLB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.47%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 51.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DLB will have a dividend payout ratio of 36.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DLB.

Dolby Laboratories updated its fourth quarter 2022 earnings guidance on Tuesday, September, 13th. The company provided EPS guidance of $0.68-$0.83 for the period, compared to the consensus EPS estimate of $0.87. The company issued revenue guidance of $295.00 million-$325.00 million, compared to the consensus revenue estimate of $326.80 million.

253 employees have rated Dolby Laboratories Chief Executive Officer Kevin J. Yeaman on Glassdoor.com. Kevin J. Yeaman has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dolby Laboratories investors own include InterDigital (IDCC), Energy Transfer (ET), Advanced Micro Devices (AMD), AbbVie (ABBV), Abbott Laboratories (ABT), Bank of Hawaii (BOH), Mastercard (MA), STAG Industrial (STAG), Comcast (CMCSA) and NVIDIA (NVDA).

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

Dolby Laboratories' stock is owned by a number of retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (4.02%), Clearbridge Investments LLC (3.19%), Mackenzie Financial Corp (1.43%), State Street Corp (1.09%), Wells Fargo & Company MN (1.07%) and Voya Investment Management LLC (0.74%). Insiders that own company stock include Avadis Tevanian, Emily Rollins, Giles Baker, John D Couling, Kenneth D Knight, Kevin J Yeaman, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, Peter C Gotcher, Ryan Nicholson, Steven E Forshay, Steven E Forshay and Todd Pendleton.
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Shares of DLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DLB stock can currently be purchased for approximately $68.01.

Dolby Laboratories (NYSE:DLB) has a market capitalization of $6.86 billion and generates $1.28 billion in revenue each year. The electronics maker earns $310.23 million in net income (profit) each year or $1.94 on an earnings per share basis.

The company employs 2,368 workers across the globe.

Dolby Laboratories' mailing address is 1275 MARKET STREET, SAN FRANCISCO CA, 94103. The official website for the company is www.dolby.com. The electronics maker can be reached via phone at (415) 558-0200, via email at investor@dolby.com, or via fax at 415-645-4000.