Dolby Laboratories (NYSE:DLB) – B. Riley lowered their Q2 2018 EPS estimates for Dolby Laboratories in a note issued to investors on Tuesday. B. Riley analyst E. Wold now anticipates that the electronics maker will post earnings per share of $0.61 for the quarter, down from their prior forecast of $0.64. B. Riley currently has a “Neutral” rating and a $63.00 target price on the stock. B. Riley also issued estimates for Dolby Laboratories’ Q3 2018 earnings at $0.91 EPS, Q4 2018 earnings at $0.37 EPS, FY2018 earnings at $2.31 EPS, Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $1.09 EPS and FY2019 earnings at $2.75 EPS.

Separately, Zacks Investment Research lowered shares of Dolby Laboratories from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $59.33.

Dolby Laboratories (NYSE:DLB) traded up $0.95 on Thursday, hitting $64.06. 369,800 shares of the stock were exchanged, compared to its average volume of 334,100. The stock has a market capitalization of $6,455.40, a price-to-earnings ratio of 33.02, a P/E/G ratio of 2.34 and a beta of 0.85. Dolby Laboratories has a 12 month low of $47.19 and a 12 month high of $65.56.

Dolby Laboratories (NYSE:DLB) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. The company had revenue of $242.05 million for the quarter, compared to analyst estimates of $244.80 million. Dolby Laboratories had a net margin of 18.66% and a return on equity of 10.62%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share.

Several hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its holdings in Dolby Laboratories by 4.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 345,058 shares of the electronics maker’s stock worth $21,394,000 after purchasing an additional 13,149 shares during the period. Marathon Asset Management LLP boosted its holdings in Dolby Laboratories by 1.6% in the fourth quarter. Marathon Asset Management LLP now owns 565,109 shares of the electronics maker’s stock worth $35,037,000 after purchasing an additional 8,877 shares during the period. Knowledge Leaders Capital LLC acquired a new position in Dolby Laboratories in the fourth quarter worth $2,461,000. California Public Employees Retirement System boosted its holdings in Dolby Laboratories by 5.9% in the third quarter. California Public Employees Retirement System now owns 189,521 shares of the electronics maker’s stock worth $10,901,000 after purchasing an additional 10,521 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in Dolby Laboratories by 24.3% in the third quarter. Cubist Systematic Strategies LLC now owns 20,883 shares of the electronics maker’s stock worth $1,201,000 after purchasing an additional 4,076 shares during the period. 52.53% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Steven E. Forshay sold 9,355 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $57.86, for a total transaction of $541,280.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bob Borchers sold 148,361 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $62.15, for a total transaction of $9,220,636.15. The disclosure for this sale can be found here. Insiders have sold 508,099 shares of company stock worth $31,240,895 in the last quarter. Insiders own 43.80% of the company’s stock.

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About Dolby Laboratories

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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