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Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
The Financial Day of Reckoning Has Begun (Ad)
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Sell every Stock except ONE (Ad)
Closing prices for crude oil, gold and other commodities
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
The Financial Day of Reckoning Has Begun (Ad)
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
In Biden's big bill: Climate, health care, deficit reduction
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Sell every Stock except ONE (Ad)
Closing prices for crude oil, gold and other commodities
Pipeline break spills 45,000 gallons of diesel in Wyoming
Sinema took Wall Street money while killing tax on investors
The Financial Day of Reckoning Has Begun (Ad)
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
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NYSE:DLB

Dolby Laboratories - DLB Stock Forecast, Price & News

$80.75
+1.40 (+1.76%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$79.42
$80.93
50-Day Range
$69.96
$80.75
52-Week Range
$69.18
$104.25
Volume
297,803 shs
Average Volume
509,350 shs
Market Capitalization
$8.15 billion
P/E Ratio
41.62
Dividend Yield
1.26%
Price Target
$90.00

Dolby Laboratories MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
11.5% Upside
$90.00 Price Target
Short Interest
Healthy
1.76% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.45mentions of Dolby Laboratories in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$3.53 M Sold Last Quarter
Proj. Earnings Growth
16.67%
From $2.40 to $2.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Consumer Discretionary Sector

34th out of 289 stocks

Patent Owners & Lessors Industry

2nd out of 6 stocks

DLB stock logo

About Dolby Laboratories (NYSE:DLB) Stock

Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment and communications at the cinema, DTV, transmissions and devices, mobile devices, OTT video and music services, and home entertainment devices. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications.; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, an digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and a range of media devices. 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 and devices; Dolby TrueHD, a digital audio coding technology providing encoding for media application; 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, communication, 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.

Dolby Laboratories Trading Up 1.8 %

Shares of DLB Stock opened at $80.75 on Friday. Dolby Laboratories has a 12 month low of $69.18 and a 12 month high of $104.25. The company has a market capitalization of $8.15 billion, a P/E ratio of 41.62, a P/E/G ratio of 2.07 and a beta of 0.98. The stock has a 50 day moving average of $74.65 and a two-hundred day moving average of $75.90.

Dolby Laboratories (NYSE:DLB - Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The electronics maker reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.08. The firm had revenue of $289.60 million for the quarter, compared to the consensus estimate of $294.03 million. Dolby Laboratories had a net margin of 15.91% and a return on equity of 9.38%. The business's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. Sell-side analysts predict that Dolby Laboratories will post 2.4 earnings per share for the current fiscal year.

Dolby Laboratories Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Monday, August 22nd. Dolby Laboratories's payout ratio is 51.55%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DLB. TheStreet cut Dolby Laboratories from a "b-" rating to a "c+" rating in a research report on Friday, July 1st. StockNews.com raised Dolby Laboratories from a "hold" rating to a "buy" rating in a research report on Tuesday. Barrington Research dropped their target price on shares of Dolby Laboratories from $115.00 to $90.00 in a research report on Thursday, May 12th. Finally, Rosenblatt Securities initiated coverage on shares of Dolby Laboratories in a report on Monday, May 23rd. They issued a "buy" rating and a $90.00 price target for the company. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $90.00.

Insider Buying and Selling at Dolby Laboratories

In related news, CMO Todd Pendleton sold 45,800 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $75.39, for a total transaction of $3,452,862.00. Following the completion of the transaction, the chief marketing officer now owns 37,788 shares in the company, valued at approximately $2,848,837.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Dolby Laboratories news, Director Emily Rollins sold 1,000 shares of the business's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $80.00, for a total value of $80,000.00. Following the transaction, the director now directly owns 4,245 shares in the company, valued at $339,600. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Todd Pendleton sold 45,800 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $75.39, for a total transaction of $3,452,862.00. Following the sale, the chief marketing officer now directly owns 37,788 shares of the company's stock, valued at approximately $2,848,837.32. The disclosure for this sale can be found here. Company insiders own 37.06% of the company's stock.

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DLB Stock News Headlines

Dolby (DLB) Q3 Earnings Beat Estimates, Revenues Up Y/Y
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Dolby Laboratories (NYSE:DLB) Lifted to "Buy" at StockNews.com
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StockNews.com Downgrades Dolby Laboratories (NYSE:DLB) to Hold
Here's How to Tune Into Dolby's Rally
Dolby Laboratories (NYSE:DLB) Sees Large Volume Increase
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DLB Company Calendar

Ex-Dividend for 5/25 Dividend
5/16/2022
Dividend Payable
5/25/2022
Last Earnings
8/09/2022
Today
8/13/2022
Ex-Dividend for 8/31 Dividend
8/22/2022
Dividend Payable
8/31/2022
Fiscal Year End
9/30/2022
Next Earnings (Estimated)
11/15/2022

Industry, Sector and Symbol

Industry
Patent owners & lessors
Sub-Industry
Electronic Components
CUSIP
25659T10
Employees
2,368
Year Founded
1965

Price Target and Rating

Average Stock Price Forecast
$90.00
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+11.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$310.23 million
Pretax Margin
18.04%

Debt

Sales & Book Value

Annual Sales
$1.28 billion
Cash Flow
$4.36 per share
Book Value
$24.38 per share

Miscellaneous

Free Float
63,503,000
Market Cap
$8.15 billion
Optionable
Optionable
Beta
0.98

Social Links















DLB Stock - Frequently Asked Questions

Should I buy or sell Dolby Laboratories stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DLB shares.
View DLB analyst ratings
or view top-rated stocks.

What is Dolby Laboratories' stock price forecast for 2022?

3 Wall Street research analysts have issued 12-month 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 twelve months. This suggests a possible upside of 11.5% from the stock's current price.
View analysts price targets for DLB
or view top-rated stocks among Wall Street analysts.

How have DLB shares performed in 2022?

Dolby Laboratories' stock was trading at $95.22 at the beginning of 2022. Since then, DLB stock has decreased by 15.2% and is now trading at $80.75.
View the best growth stocks for 2022 here
.

When is Dolby Laboratories' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 15th 2022.
View our DLB earnings forecast
.

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) issued its quarterly earnings data on Tuesday, August, 9th. The electronics maker reported $0.68 EPS for the quarter, topping the consensus estimate of $0.60 by $0.08. The electronics maker had revenue of $289.60 million for the quarter, compared to analyst estimates of $294.03 million. Dolby Laboratories had a trailing twelve-month return on equity of 9.38% and a net margin of 15.91%. The business's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS.

How often does Dolby Laboratories pay dividends? What is the dividend yield for Dolby Laboratories?

Dolby Laboratories declared 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 yield of 1.24%. The ex-dividend date of this dividend is Monday, August 22nd.
Read our dividend analysis for DLB
.

Is Dolby Laboratories a good dividend stock?

Dolby Laboratories (NYSE:DLB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.26%. 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 35.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DLB.

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

Dolby Laboratories updated its fourth quarter earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of $0.68-$0.83 for the period, compared to the consensus earnings per share estimate of $0.88. The company issued revenue guidance of $295-$325 million, compared to the consensus revenue estimate of $326.81 million.

What is Kevin J. Yeaman's approval rating as Dolby Laboratories' CEO?

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.

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 (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).

What is Dolby Laboratories' stock symbol?

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

Who are Dolby Laboratories' major shareholders?

Dolby Laboratories' stock is owned by a number of institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (4.02%), Clearbridge Investments LLC (3.19%), Mackenzie Financial Corp (1.43%), Wells Fargo & Company MN (1.07%), Fiera Capital Corp (0.60%) and Baillie Gifford & Co. (0.50%). 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.
View institutional ownership trends
.

How do I buy shares of Dolby Laboratories?

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.
Compare Top Brokerages Here.

What is Dolby Laboratories' stock price today?

One share of DLB stock can currently be purchased for approximately $80.75.

How much money does Dolby Laboratories make?

Dolby Laboratories (NYSE:DLB) has a market capitalization of $8.15 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.

How many employees does Dolby Laboratories have?

The company employs 2,368 workers across the globe.

Does Dolby Laboratories have any subsidiaries?

The following companies are subsidiares of Dolby Laboratories: Coding Technologies, Dolby International AB, Dolby Laboratories Licensing Corporation, Doremi Labs, Step Labs, and Voxeet.
Read More

When was Dolby Laboratories founded?

Dolby Laboratories was founded in 1965.

How can I contact Dolby Laboratories?

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.

This page (NYSE:DLB) was last updated on 8/13/2022 by MarketBeat.com Staff

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