DLB Stock Forecast, Price & News Dolby Laboratories

The company reported fiscal second-quarter net income of $73.4 million, or 70 cents a share, compared wit… The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings. Shares of Dolby Laboratories stock opened at $79.86 on Thursday. Dolby Laboratories has a 1 year low of $61.55 and a 1 year high of $88.06. The firm has a market cap of $7.65 billion, a PE ratio of 43.17, a P/E/G ratio of 2.08 and a beta of 1.01. The stock has a fifty day moving average price of $80.31 and a 200-day moving average price of $73.46.

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. These returns cover a period from January 1, 1988 through February 6, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

This is a higher news sentiment than the 0.59 average news sentiment score of Consumer Discretionary companies. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and https://day-trading.info/ terms of use please see Barchart’s disclaimer. 253 employees have rated Dolby Laboratories Chief Executive Officer Kevin J. Yeaman on Glassdoor.com.

About Dolby Laboratories

Dolby’s fiscal fourth-quarter performance is affected by lower shipments in PC, broadcast, consumer electronics and gaming. Dolby Laboratories Inc. shares tumbled nearly 8% in the extended session Tuesday after weaker-than-expected fiscal third-quarter guidance. Dolby stock closed down 2.2% to $65.86 during the regular session. Dolby Laboratories Inc. stock rose more than 4% in the extended session Thursday after the company reported fiscal first-quarter results that came in well above Wall Street expectations.

• Dolby stock closed down 2.2% to $65.86 during the regular session.
• The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
• Kayne Anderson Rudnick Investment Management LLC now owns 4,052,837 shares of the electronics maker’s stock valued at $290,021,000 after purchasing an additional 2,183,842 shares in the last quarter.
• Our calculations are based on comprehensive, delayed quotes.

Money Flow Uptick/Downtick RatioMoney flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an “uptick” in price and the value of trades made on a “downtick” in price. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades. Our calculations are based on comprehensive, delayed quotes. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.

These are established companies that reliably pay dividends. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

Earnings Preview: Dolby Laboratories (DLB) Q1 Earnings Expected to Decline

And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. CompareDLB’s historical performanceagainst its industry peers and the overall market. Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues. There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Dolby Laboratories (DLB – Research Report) and Altair Engineering (ALTR – Research Report) with bullish sentiments. Cinema technology company Dolby Laboratories Inc. on Friday said it plans to sign a deal with France’s largest theater chain, Les Cinemas Gaumont Pathe, to open 10 Dolby Cinema locations in France and the Netherlands.

There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “buy” DLB shares. Dolby Laboratories, Inc engages in the provision of audio and imaging technologies. Rosenblatt Securities increased their price target on Dolby Laboratories from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. TheStreet upgraded Dolby Laboratories from a “c” rating to a “b” rating in a research note on Friday, February 3rd.

Dolby’s (DLB) Q1 Earnings and Revenues Surpass Estimates

Real-time analyst ratings, insider transactions, earnings data, and more. Dolby Laboratories declared a quarterly dividend on Thursday, February 2nd. Shareholders of record on Tuesday, February 14th will be paid a dividend of $0.27 per share on Wednesday, February 22nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, February 13th. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 .

After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Institutional investors have recently modified their holdings of the business. Morgan Stanley raised its stake in Dolby Laboratories by 577.7% in the fourth quarter.

The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Dolby’s first-quarter performance is affected by lower shipments in PC, broadcast, consumer electronics and gaming.

Key Data

Dolby Laboratories’ stock is owned by a number of institutional and retail investors. Top institutional investors include Morgan Stanley (4.56%), Clearbridge Investments LLC (3.03%), Ninety One UK Ltd (2.42%), Mackenzie Financial Corp (1.56%), Wells Fargo & Company MN (1.23%) and Jackson Square Partners LLC (1.20%). Live educational sessions using site features to explore today’s markets. #1-Ranked Industry Analyst Patrick Moorhead gives a first-hand look at Cadence’s new Tensilica-branded DSP solutions with next-generation technologies for the automotive entertainment industry and the true wireless stereo space. All values as of most recently reported quarter unless otherwise noted.

How big is Dolby Laboratories Inc?

Dolby Laboratories, Inc. specializes in audio noise reduction and audio encoding/compression. The company offers state-of-the-art audio, imaging, and voice technologies that revolutionize entertainment and communications at theaters, home, work and mobile devices. Despite already rising more than 2x from its low in March 2020, at the current price of $98 per share, we believe Dolby Laboratories stock has further upside potential. Dolby stock has increased from $47 to $98 off the 2020 bottom, more than the S&P which increased by around 70% from its lows… Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months.

Kevin J. Yeaman has an approval rating of 84% among the company’s employees. The company is scheduled to release its next quarterly earnings announcement on Thursday, cross currency definition & example May 4th 2023. Dolby Laboratories’ stock was trading at $70.54 on January 1st, 2023. Since then, DLB stock has increased by 13.2% and is now trading at $79.86.

Key Earnings Data

Intraday data delayed at least 15 minutes or per exchange requirements. Dolby Laboratoties, Inc. designs and manufactures audio and imaging products for the cinema, television, broadcast, and entertainment industries. Its products include Cinema Imaging, Cinema Audio, Dolby Conference Phone, Dolby Voice Room, and Other Products.

While Dolby Laboratories currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys. Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. Dolby Laboratories Inc. shares surged in the extended session Wednesday after the electronics maker reported its fiscal first-quarter results. Dolby Laboratories Inc. shares rose 5% in the extended session Wednesday after the company beat consensus earnings.

Dolby Laboratories Inc develops audio and surround sound for cinema, broadcast, home audio systems, in-car entertainment systems, DVD players, games, televisions, and personal computers. The company generates three fourths of its revenue from licensing its technology to consumer electronics manufacturers around the world. The rest of revenue comes from equipment sales to professional producers and audio engineering services.