Q2 2024 Earnings Forecast for Dolby Laboratories, Inc. (NYSE:DLB) Issued By Barrington Research

Dolby Laboratories, Inc. (NYSE:DLB) – Equities researchers at Barrington Research dropped their Q2 2024 earnings per share (EPS) estimates for shares of Dolby Laboratories in a research report issued to clients and investors on Monday, April 22nd. Barrington Research analyst J. Goss now forecasts that the electronics maker will post earnings of $0.90 per share for the quarter, down from their previous forecast of $0.97. The consensus estimate for Dolby Laboratories’ current full-year earnings is $2.60 per share. Barrington Research also issued estimates for Dolby Laboratories’ Q2 2025 earnings at $0.90 EPS.

Several other equities analysts have also recently weighed in on the company. StockNews.com raised Dolby Laboratories from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $98.00 price objective on shares of Dolby Laboratories in a report on Wednesday, January 31st.

Dolby Laboratories Price Performance

Shares of NYSE DLB opened at $79.64 on Thursday. The stock has a market capitalization of $7.61 billion, a PE ratio of 41.26 and a beta of 0.97. The business has a fifty day moving average price of $81.57 and a two-hundred day moving average price of $83.36. Dolby Laboratories has a fifty-two week low of $75.87 and a fifty-two week high of $91.01.

Dolby Laboratories (NYSE:DLB) last announced its quarterly earnings data on Thursday, February 1st. The electronics maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.14. The firm had revenue of $315.57 million during the quarter, compared to analysts’ expectations of $310.98 million. Dolby Laboratories had a return on equity of 10.21% and a net margin of 14.70%.

Hedge Funds Weigh In On Dolby Laboratories

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in Dolby Laboratories by 1.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,517 shares of the electronics maker’s stock worth $754,000 after purchasing an additional 118 shares in the last quarter. NEOS Investment Management LLC increased its holdings in Dolby Laboratories by 5.0% in the 4th quarter. NEOS Investment Management LLC now owns 2,709 shares of the electronics maker’s stock worth $233,000 after purchasing an additional 129 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Dolby Laboratories by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 26,817 shares of the electronics maker’s stock worth $2,126,000 after purchasing an additional 133 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Dolby Laboratories by 1.4% in the 4th quarter. Bleakley Financial Group LLC now owns 9,444 shares of the electronics maker’s stock worth $814,000 after purchasing an additional 134 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Dolby Laboratories by 0.8% in the 3rd quarter. Arizona State Retirement System now owns 16,918 shares of the electronics maker’s stock valued at $1,341,000 after buying an additional 139 shares during the last quarter. Institutional investors and hedge funds own 58.56% of the company’s stock.

Insider Transactions at Dolby Laboratories

In other news, SVP John D. Couling sold 33,560 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $80.81, for a total transaction of $2,711,983.60. Following the completion of the transaction, the senior vice president now owns 108,519 shares of the company’s stock, valued at approximately $8,769,420.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 39.54% of the stock is owned by insiders.

Dolby Laboratories Announces Dividend

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

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.