Dolby Laboratories (DLB) Scheduled to Post Earnings on Thursday

Dolby Laboratories (NYSE:DLB) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Dolby Laboratories to post earnings of $1.20 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Dolby Laboratories (NYSE:DLB) last issued its quarterly earnings data on Thursday, February 1st. The electronics maker reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.14. Dolby Laboratories had a return on equity of 10.21% and a net margin of 14.70%. The business had revenue of $315.57 million for the quarter, compared to the consensus estimate of $310.98 million. On average, analysts expect Dolby Laboratories to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dolby Laboratories Stock Performance

NYSE DLB opened at $79.64 on Thursday. The stock has a 50-day simple moving average of $81.57 and a 200 day simple moving average of $83.36. The stock has a market capitalization of $7.61 billion, a PE ratio of 41.26 and a beta of 0.97. Dolby Laboratories has a twelve month low of $75.87 and a twelve month high of $91.01.

Dolby Laboratories Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Tuesday, February 13th were issued a $0.30 dividend. The ex-dividend date was Monday, February 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. Dolby Laboratories’s payout ratio is presently 62.18%.

Insiders Place Their Bets

In related news, SVP John D. Couling sold 33,560 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $80.81, for a total value of $2,711,983.60. Following the completion of the transaction, the senior vice president now owns 108,519 shares in the company, valued at approximately $8,769,420.39. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 39.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DLB shares. StockNews.com upgraded shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Rosenblatt Securities reiterated a “buy” rating and set a $98.00 target price on shares of Dolby Laboratories in a research note on Wednesday, January 31st.

About Dolby Laboratories

Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.