Analysts Expect Dolby Laboratories, Inc. (DLB) to Announce $0.64 Earnings Per Share

Analysts forecast that Dolby Laboratories, Inc. (NYSE:DLB) will announce earnings of $0.64 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Dolby Laboratories’ earnings, with estimates ranging from $0.63 to $0.66. Dolby Laboratories reported earnings per share of $0.63 in the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The business is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.

On average, analysts expect that Dolby Laboratories will report full year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.79 to $1.15. For the next fiscal year, analysts forecast that the company will report earnings of $2.74 per share, with EPS estimates ranging from $2.58 to $2.87. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Dolby Laboratories.

Dolby Laboratories (NYSE:DLB) last announced its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.35. The firm had revenue of $287.80 million for the quarter, compared to the consensus estimate of $265.75 million. Dolby Laboratories had a net margin of 6.06% and a return on equity of 12.02%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share.

Several analysts have commented on the stock. B. Riley downgraded shares of Dolby Laboratories to a “hold” rating and set a $63.00 target price for the company. in a research report on Thursday, January 25th. Zacks Investment Research downgraded shares of Dolby Laboratories from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dolby Laboratories from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $62.00.

In other news, CFO Lewis Chew sold 17,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $59.55, for a total value of $1,012,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director N William Jasper, Jr. sold 20,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $66.72, for a total transaction of $1,334,400.00. The disclosure for this sale can be found here. Insiders sold 542,202 shares of company stock valued at $33,810,703 over the last three months. Insiders own 43.74% of the company’s stock.

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Dolby Laboratories by 25.5% in the second quarter. The Manufacturers Life Insurance Company now owns 3,564 shares of the electronics maker’s stock worth $174,000 after buying an additional 725 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Dolby Laboratories in the fourth quarter worth $198,000. Berkshire Asset Management LLC PA acquired a new stake in shares of Dolby Laboratories in the third quarter worth $200,000. CIBC Asset Management Inc acquired a new stake in shares of Dolby Laboratories in the third quarter worth $204,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Dolby Laboratories by 48.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the electronics maker’s stock worth $215,000 after buying an additional 1,141 shares during the last quarter. Institutional investors and hedge funds own 53.01% of the company’s stock.

Shares of Dolby Laboratories (DLB) opened at $63.49 on Wednesday. The company has a market cap of $6,326.51, a P/E ratio of 100.78, a price-to-earnings-growth ratio of 5.21 and a beta of 0.78. Dolby Laboratories has a 1 year low of $47.19 and a 1 year high of $74.29.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, February 2nd. Dolby Laboratories’s dividend payout ratio is 101.59%.

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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.

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

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