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

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$65.25 +0.45 (+0.69 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$65.25
Today's Range$64.56 - $65.57
52-Week Range$58.17 - $72.04
Volume763,052 shs
Average Volume552,615 shs
Market Capitalization$6.70 billion
P/E Ratio27.19
Dividend Yield1.17%
Beta0.86
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. 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; Dolby TrueHD, a digital audio coding technology providing encoding for Blu-ray discs and home theaters; 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, 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.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity RatioN/A
Current Ratio4.83
Quick Ratio4.74

Price-To-Earnings

Trailing P/E Ratio27.19
Forward P/E Ratio29.13
P/E Growth2.23

Sales & Book Value

Annual Sales$1.17 billion
Price / Sales5.71
Cash Flow$3.3240 per share
Price / Cash Flow19.63
Book Value$22.89 per share
Price / Book2.85

Profitability

EPS (Most Recent Fiscal Year)$2.40
Net Income$122.24 million
Net Margins25.47%
Return on Equity11.30%
Return on Assets9.33%

Miscellaneous

Employees2,151
Outstanding Shares102,610,000
Market Cap$6.70 billion
Next Earnings Date4/23/2019 (Estimated)
OptionableOptionable

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 Wednesday, January 30th. Shareholders of record on Tuesday, February 12th will be given a dividend of $0.19 per share on Thursday, February 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, February 11th. View Dolby Laboratories' Dividend History.

How will Dolby Laboratories' stock buyback program work?

Dolby Laboratories announced that its Board of Directors has approved a share repurchase plan on Sunday, April 9th 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its stock is undervalued.

How were Dolby Laboratories' earnings last quarter?

Dolby Laboratories, Inc. (NYSE:DLB) posted its quarterly earnings results on Wednesday, January, 30th. The electronics maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.53 by $0.40. The electronics maker had revenue of $302.40 million for the quarter, compared to the consensus estimate of $295.04 million. Dolby Laboratories had a return on equity of 11.30% and a net margin of 25.47%. Dolby Laboratories's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.80) 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 Tuesday, April 23rd 2019. View Earnings Estimates for Dolby Laboratories.

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

Dolby Laboratories issued an update on its second quarter earnings guidance on Wednesday, January, 30th. The company provided earnings per share (EPS) guidance of $0.81-0.87 for the period, compared to the Thomson Reuters consensus estimate of $0.92. The company issued revenue guidance of $325-345 million, compared to the consensus revenue estimate of $338.65 million.Dolby Laboratories also updated its FY 2019 guidance to EPS.

What price target have analysts set for DLB?

4 Wall Street analysts have issued 12-month price targets for Dolby Laboratories' shares. Their forecasts range from $67.00 to $85.00. On average, they anticipate Dolby Laboratories' stock price to reach $77.3333 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price. View Analyst Price Targets for Dolby Laboratories.

What is the consensus analysts' recommendation for Dolby Laboratories?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dolby Laboratories in the last year. There are currently 1 hold rating and 3 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. 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)
  • 2. According to Zacks Investment Research, "Impressive market traction of Dolby Cinema technology is proving to be a major profit churner for Dolby. Moreover, the company believes that surging demand for premium viewing experiences will fuel growth for Dolby Cinema over the long haul. The company’s growth strategy stands on three pillars, advancing the science of sight and sound, providing creative solutions, and delivering superior experiences. Successful execution in each of these areas has led to healthy growth over the past quarters. Dolby Vision, Dolby Voice, and Dolby Cinema should accelerate growth for the company going forward. Dolby’s capital allocation strategies are also designed to maintain a flexible capital structure, delivering value to shareholders through sustainable growth and strong cash flows. The stock has outperformed the industry in the past three months on an average. However, escalating cost of sales remain a major cause of concern for Dolby." (1/24/2019)

Has Dolby Laboratories been receiving favorable news coverage?

News articles about DLB stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Dolby Laboratories earned a coverage optimism score of 1.7 on InfoTrie's scale. They also gave media headlines about the electronics maker a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term.

Who are some of Dolby Laboratories' key competitors?

What other stocks do shareholders of Dolby Laboratories own?

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, Exec. VP & CFO (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 a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (2.71%), Polar Capital LLP (1.60%), Timucuan Asset Management Inc. FL (1.22%), Thrivent Financial for Lutherans (1.13%), Fiera Capital Corp (0.80%) and Mackenzie Financial Corp (0.79%). Company insiders that own Dolby Laboratories stock include Bob Borchers, Dagmar Dolby, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, N William Jasper, Jr, Nicholas Donatiello Jr, Nicholas Donatiello, Jr, Peter C Gotcher 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 Polar Capital LLP, Bank of America Corp DE, BlackRock Inc., Eaton Vance Management, Beaconlight Capital LLC, River Road Asset Management LLC, D. E. Shaw & Co. Inc. and Raymond James & Associates. Company insiders that have sold Dolby Laboratories company stock in the last year include Dagmar Dolby, Giles Baker, Kevin J Yeaman, Lewis Chew, Mark Andrew Sherman, Nicholas Donatiello Jr and Peter C Gotcher. 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 Columbus Circle Investors, Thrivent Financial for Lutherans, Millennium Management LLC, Two Sigma Investments LP, Mackenzie Financial Corp, Squarepoint Ops LLC, Geode Capital Management LLC and Macquarie Group Ltd.. 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, Scottrade, Fidelity and Charles Schwab.

What is Dolby Laboratories' stock price today?

One share of DLB stock can currently be purchased for approximately $65.25.

How big of a company is Dolby Laboratories?

Dolby Laboratories has a market capitalization of $6.70 billion and generates $1.17 billion in revenue each year. The electronics maker earns $122.24 million in net income (profit) each year or $2.40 on an earnings per share basis. Dolby Laboratories employs 2,151 workers across the globe.

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:  1.9 out of 5 (star)
Outperform Votes:  252 (Vote Outperform)
Underperform Votes:  410 (Vote Underperform)
Total Votes:  662
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 2/23/2019 by MarketBeat.com Staff

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