Zacks: Analysts Anticipate Dolby Laboratories, Inc. (DLB) to Announce $0.44 Earnings Per Share

Brokerages forecast that Dolby Laboratories, Inc. (NYSE:DLB) will announce earnings of $0.44 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Dolby Laboratories’ earnings. The highest EPS estimate is $0.47 and the lowest is $0.42. Dolby Laboratories reported earnings per share of $0.51 during the same quarter last year, which would suggest a negative year-over-year growth rate of 13.7%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, January 24th.

According to Zacks, analysts expect that Dolby Laboratories will report full-year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.15 to $2.31. For the next year, analysts anticipate that the business will report earnings of $2.60 per share, with EPS estimates ranging from $2.49 to $2.75. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Dolby Laboratories.

Dolby Laboratories (NYSE:DLB) last released its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.18. The firm had revenue of $242.05 million during the quarter, compared to analysts’ expectations of $244.80 million. Dolby Laboratories had a return on equity of 4.11% and a net margin of 9.06%. Dolby Laboratories’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share.

Several research firms have weighed in on DLB. Zacks Investment Research lowered Dolby Laboratories from a “hold” rating to a “sell” rating in a report on Thursday. B. Riley lowered Dolby Laboratories from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $59.33.

Shares of Dolby Laboratories (DLB) opened at $64.05 on Friday. The firm has a market capitalization of $6,551.55, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 2.40 and a beta of 0.85. Dolby Laboratories has a twelve month low of $47.19 and a twelve month high of $65.56.

In other Dolby Laboratories news, CEO Kevin J. Yeaman sold 11,130 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $62.47, for a total value of $695,291.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark Andrew Sherman sold 10,000 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $65.00, for a total value of $650,000.00. The disclosure for this sale can be found here. Insiders sold 508,099 shares of company stock worth $31,240,895 in the last three months. 43.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Dolby Laboratories by 4.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 310,210 shares of the electronics maker’s stock valued at $15,188,000 after acquiring an additional 12,045 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Dolby Laboratories by 3.8% during the second quarter. UBS Asset Management Americas Inc. now owns 154,119 shares of the electronics maker’s stock valued at $7,546,000 after acquiring an additional 5,696 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Dolby Laboratories by 11.7% during the second quarter. Principal Financial Group Inc. now owns 32,427 shares of the electronics maker’s stock valued at $1,588,000 after acquiring an additional 3,396 shares during the last quarter. Intl Fcstone Inc. acquired a new stake in shares of Dolby Laboratories during the second quarter valued at $345,000. Finally, Schroder Investment Management Group acquired a new stake in shares of Dolby Laboratories during the third quarter valued at $35,761,000. 52.53% of the stock is currently owned by institutional investors.

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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.

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

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