Dolby Laboratories (DLB) Scheduled to Post Earnings on Thursday
Dolby Laboratories (NYSE:DLB) will release its earnings data on Thursday, January 23rd. Dolby Laboratories has set its Q1 guidance at $0.42-0.50 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Dolby Laboratories (NYSE:DLB) last released its earnings data on Tuesday, October 29th. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.24. The company had revenue of $216.70 million for the quarter, compared to the consensus estimate of $210.12 million. During the same quarter last year, the company posted $0.61 earnings per share. Dolby Laboratories’s revenue was down 4.0% compared to the same quarter last year. On average, analysts expect Dolby Laboratories to post $1.66 EPS for the current fiscal year and $1.76 EPS for the next fiscal year.
Dolby Laboratories (NYSE:DLB) opened at 40.50 on Wednesday. Dolby Laboratories has a 52 week low of $30.78 and a 52 week high of $41.97. The stock has a 50-day moving average of $38.55 and a 200-day moving average of $35.17. The company has a market cap of $4.121 billion and a P/E ratio of 22.07.
A number of analysts have recently weighed in on DLB shares. Analysts at Zacks upgraded shares of Dolby Laboratories from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $39.40 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $35.47.
In other Dolby Laboratories news, major shareholder Dagmar Dolby sold 70,000 shares of Dolby Laboratories stock on the open market in a transaction dated Thursday, January 16th. The stock was sold at an average price of $41.19, for a total transaction of $2,883,300.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Dolby Laboratories, Inc develops and delivers products and technologies that are used in the entertainment industry.
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