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NYSE:DLB

Dolby Laboratories (DLB) Stock Price, News & Analysis

Dolby Laboratories logo
$72.96
-0.44 (-0.60%)
(As of 10/31/2024 ET)

About Dolby Laboratories Stock (NYSE:DLB)

Key Stats

Today's Range
$72.90
$73.86
50-Day Range
$68.48
$76.66
52-Week Range
$66.35
$90.06
Volume
190,181 shs
Average Volume
401,989 shs
Market Capitalization
$6.99 billion
P/E Ratio
33.32
Dividend Yield
1.64%
Price Target
$99.00
Consensus Rating
Buy

Company Overview

Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. 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, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices. Its audio technologies also include DD, a digital audio coding technology that provides multichannel sound to applications; DD+, 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; and HEVC, a digital video codec with high bandwidth efficiency for media devices. In addition, the company offers digital cinema servers, cinema processors, amplifiers, loudspeakers, and audio and imaging hardware and software products for the cinema, television, broadcast, communication, and entertainment industries. Further, it provides 3-D glasses and kits; and 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 Stock Analysis - MarketRank™

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97th Percentile Overall Score

DLB MarketRank™: 

Dolby Laboratories scored higher than 97% of companies evaluated by MarketBeat, and ranked 12th out of 289 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Dolby Laboratories has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Dolby Laboratories has only been the subject of 1 research reports in the past 90 days.

  • Read more about Dolby Laboratories' stock forecast and price target.
  • Earnings Growth

    Earnings for Dolby Laboratories are expected to decrease by -0.74% in the coming year, from $2.72 to $2.70 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Dolby Laboratories is 33.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.26.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Dolby Laboratories is 33.29, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 17.91.

  • Price to Book Value per Share Ratio

    Dolby Laboratories has a P/B Ratio of 2.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Dolby Laboratories' valuation and earnings.
  • Percentage of Shares Shorted

    1.53% of the float of Dolby Laboratories has been sold short.
  • Short Interest Ratio / Days to Cover

    Dolby Laboratories has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Dolby Laboratories has recently decreased by 6.61%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Dolby Laboratories pays a meaningful dividend of 1.65%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Dolby Laboratories does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Dolby Laboratories is 61.22%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Dolby Laboratories will have a dividend payout ratio of 44.44% next year. This indicates that Dolby Laboratories will be able to sustain or increase its dividend.

  • Read more about Dolby Laboratories' dividend.
  • Percentage of Shares Shorted

    1.53% of the float of Dolby Laboratories has been sold short.
  • Short Interest Ratio / Days to Cover

    Dolby Laboratories has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Dolby Laboratories has recently decreased by 6.61%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Dolby Laboratories has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Dolby Laboratories this week, compared to 5 articles on an average week.
  • Search Interest

    2 people have searched for DLB on MarketBeat in the last 30 days.
  • MarketBeat Follows

    2 people have added Dolby Laboratories to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Dolby Laboratories insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,113,309.00 in company stock.

  • Percentage Held by Insiders

    39.54% of the stock of Dolby Laboratories is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    58.56% of the stock of Dolby Laboratories is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Dolby Laboratories' insider trading history.
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DLB Stock News Headlines

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Q4 EPS Estimate for Dolby Laboratories Lowered by Analyst
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DLB Stock Analysis - Frequently Asked Questions

Dolby Laboratories' stock was trading at $86.18 at the beginning of 2024. Since then, DLB stock has decreased by 15.4% and is now trading at $72.90.
View the best growth stocks for 2024 here
.

Dolby Laboratories, Inc. (NYSE:DLB) released its earnings results on Wednesday, August, 7th. The electronics maker reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.14. The electronics maker had revenue of $288.82 million for the quarter, compared to the consensus estimate of $286.26 million. Dolby Laboratories had a net margin of 16.87% and a trailing twelve-month return on equity of 10.66%.

Dolby Laboratories' board approved a stock buyback program on Wednesday, August 7th 2024, which permits the company to repurchase $350,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Dolby Laboratories subsidiaries include these companies: Voxeet, Doremi Labs, Step Labs, Coding Technologies, Dolby International AB, and Dolby Laboratories Licensing Corporation.

Top institutional investors of Dolby Laboratories include Boston Trust Walden Corp (1.12%), New York State Common Retirement Fund (0.23%), Robeco Institutional Asset Management B.V. (0.20%) and Cambiar Investors LLC (0.14%). Insiders that own company stock include John D Couling, Kevin J Yeaman, Mark Andrew Sherman, Simon Segars, Todd Pendleton, Ryan Nicholson, Anjali Sud, Emily Rollins and Avadis Tevanian.
View institutional ownership trends
.

Shares of DLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Dolby Laboratories investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Last Earnings
8/07/2024
Ex-Dividend for 8/27 Dividend
8/19/2024
Dividend Payable
8/27/2024
Today
10/31/2024
Next Earnings (Confirmed)
11/19/2024
Fiscal Year End
9/30/2025

Industry, Sector and Symbol

Industry
Patent owners & lessors
Sub-Industry
Electronic Components
CUSIP
25659T10
Employees
2,246
Year Founded
1965

Price Target and Rating

Average Stock Price Target
$99.00
High Stock Price Target
$100.00
Low Stock Price Target
$98.00
Potential Upside/Downside
+34.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$200.66 million
Pretax Margin
20.78%

Debt

Sales & Book Value

Annual Sales
$1.26 billion
Cash Flow
$3.64 per share
Book Value
$24.90 per share

Miscellaneous

Free Float
57,647,000
Market Cap
$7.03 billion
Optionable
Optionable
Beta
0.97

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This page (NYSE:DLB) was last updated on 10/31/2024 by MarketBeat.com Staff
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