Dolby Laboratories (NYSE:DLB) – Stock analysts at Dougherty & Co decreased their Q1 2018 earnings estimates for Dolby Laboratories in a research report issued to clients and investors on Monday. Dougherty & Co analyst S. Frankel now forecasts that the electronics maker will post earnings of $0.47 per share for the quarter, down from their previous estimate of $0.56. Dougherty & Co has a “Buy” rating and a $63.00 price objective on the stock.

Dolby Laboratories (NYSE:DLB) last released its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.18. Dolby Laboratories had a return on equity of 10.73% and a net margin of 18.66%. The business had revenue of $242.05 million during the quarter, compared to analysts’ expectations of $244.80 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year.

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Several other analysts also recently issued reports on the company. Piper Jaffray Companies reissued a “hold” rating and issued a $52.00 price target (up previously from $49.00) on shares of Dolby Laboratories in a report on Wednesday, September 13th. BidaskClub raised Dolby Laboratories from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. B. Riley raised Dolby Laboratories to a “buy” rating and set a $61.50 price target on the stock in a report on Saturday, July 22nd. Finally, Zacks Investment Research downgraded Dolby Laboratories from a “strong-buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $60.17.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, November 3rd. This represents a $0.64 annualized dividend and a yield of 1.10%. This is an increase from Dolby Laboratories’s previous quarterly dividend of $0.14. Dolby Laboratories’s payout ratio is presently 28.87%.

In other news, Director Peter C. Gotcher sold 9,310 shares of the business’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $60.00, for a total value of $558,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Dagmar Dolby sold 100,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $51.13, for a total value of $5,113,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,264,665 shares of company stock worth $64,078,080 in the last ninety days. 43.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of DLB. Spot Trading L.L.C. bought a new stake in shares of Dolby Laboratories in the 1st quarter worth $660,000. Ameriprise Financial Inc. raised its stake in shares of Dolby Laboratories by 0.4% in the 1st quarter. Ameriprise Financial Inc. now owns 15,650 shares of the electronics maker’s stock worth $821,000 after buying an additional 61 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Dolby Laboratories by 1.2% in the 1st quarter. Wellington Management Group LLP now owns 19,240 shares of the electronics maker’s stock worth $1,008,000 after buying an additional 219 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Dolby Laboratories by 5.5% in the 1st quarter. Teachers Advisors LLC now owns 138,445 shares of the electronics maker’s stock worth $7,256,000 after buying an additional 7,209 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Dolby Laboratories by 129.3% in the 1st quarter. Legal & General Group Plc now owns 18,387 shares of the electronics maker’s stock worth $964,000 after buying an additional 10,368 shares in the last quarter. 51.83% of the stock is currently owned by institutional investors.

Dolby Laboratories Company Profile

Dolby Laboratories, Inc designs and manufactures audio and imaging products for the cinema, television, broadcast and entertainment industries. Its products for cinema include Digital Cinema Servers and Cinema Audio Products, and broadcast and other include Dolby Conference Phone and Other Products. It offers services to support theatrical and television production for cinema exhibition, broadcast and home entertainment, including equipment training and maintenance, mixing room alignment and equalization, as well as audio, color and light image calibration.

Earnings History and Estimates for Dolby Laboratories (NYSE:DLB)

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