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Dolby’s fiscal fourth-quarter performance is affected by lower shipments in PC, broadcast, consumer electronics and gaming. Dolby Laboratories Inc. shares tumbled nearly 8% in the extended session Tuesday after weaker-than-expected fiscal third-quarter guidance. invast global launches cboe market data packages for brokers Dolby stock closed down 2.2% to $65.86 during the regular session. Dolby Laboratories Inc. stock rose more than 4% in the extended session Thursday after the company reported fiscal first-quarter results that came in well above Wall Street expectations.
After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Institutional investors have recently modified their holdings of the business. Morgan Stanley raised its stake in Dolby Laboratories by 577.7% in the fourth quarter.
This is a decrease of -67% compared to the previous 30 days. Dolby Laboratories has only been increasing its dividend for 2 years. 1.74% of the float of Dolby Laboratories has been sold short.
There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “buy” DLB shares. Dolby Laboratories, Inc engages in the provision of audio and imaging technologies. Rosenblatt Securities increased their price target on Dolby Laboratories from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. TheStreet upgraded Dolby Laboratories from a “c” rating to a “b” rating in a research note on Friday, February 3rd.
The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Dolby’s first-quarter performance is affected by lower shipments in PC, broadcast, consumer electronics and gaming.
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Dolby Laboratories’ stock is owned by a number of institutional and retail investors. Top institutional investors include Morgan Stanley (4.56%), Clearbridge Investments LLC (3.03%), Ninety One UK Ltd (2.42%), Mackenzie Financial Corp (1.56%), Wells Fargo & Company MN (1.23%) and Jackson Square Partners LLC (1.20%). Live educational sessions using site features to explore today’s markets. #1-Ranked Industry Analyst Patrick Moorhead gives a first-hand look at Cadence’s new Tensilica-branded DSP solutions with next-generation technologies for the automotive entertainment industry and the true wireless stereo space. All values as of most recently reported quarter unless otherwise noted.
Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. 253 employees have rated Dolby Laboratories Chief Executive Officer Kevin J. Yeaman on Glassdoor.com.
Dolby Laboratories updated its second quarter earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $0.90-$1.05 for the period, compared to the consensus EPS estimate of $0.93. The company issued revenue guidance of $340-$370 million, compared to the consensus revenue estimate of $332.11 million. Based on earnings estimates, Dolby Laboratories will have a dividend payout ratio of 39.27% next year. This indicates that Dolby Laboratories will be able to sustain or increase its dividend. The brokerage set a “buy” rating on the electronics maker’s stock.
Analysts Offer Insights on Technology Companies: Dolby Laboratories (DLB) and Altair Engineering (ALTR)
The company reported fiscal second-quarter net income of $73.4 million, or 70 cents a share, compared wit… The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings. Shares of Dolby Laboratories stock opened at $79.86 on Thursday. Dolby Laboratories has a 1 year low of $61.55 and a 1 year high of $88.06. The firm has a market cap of $7.65 billion, a PE ratio of 43.17, a P/E/G ratio of 2.08 and a beta of 1.01. The stock has a fifty day moving average price of $80.31 and a 200-day moving average price of $73.46.
This is a higher news sentiment than the 0.59 average news sentiment score of Consumer Discretionary companies. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
While Dolby Laboratories currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys. Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. Dolby Laboratories Inc. shares surged in the extended session Wednesday after the electronics maker reported its fiscal first-quarter results. Dolby Laboratories Inc. shares rose 5% in the extended session Wednesday after the company beat consensus earnings.
Dolby Laboratories, Inc. specializes in audio noise reduction and audio encoding/compression. The company offers state-of-the-art audio, imaging, and voice technologies that revolutionize entertainment and communications at theaters, home, work and mobile devices. Despite already rising more than 2x from its low in March 2020, at the current price of $98 per share, we believe Dolby Laboratories stock has further upside potential. Dolby stock has increased from $47 to $98 off the 2020 bottom, more than the S&P which increased by around 70% from its lows… Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months.
Further, it provides 3-D glasses and kits; and various services to support theatrical and television production for cinema exhibition, broadcast, and home entertainment. The company serves film studios, content creators, post-production facilities, cinema operators, broadcasters, and video game designers. It sells its products directly to the end users, as well as through dealers and distributors worldwide. Dolby Laboratories, Inc. was founded in 1965 and is headquartered in San Francisco, California. Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares.
Per-Share Earnings, Actuals and Estimates
Real-time analyst ratings, insider transactions, earnings data, and more. Dolby Laboratories declared a quarterly dividend on Thursday, February 2nd. Shareholders of record on Tuesday, February 14th will be paid a dividend of $0.27 per share on Wednesday, February 22nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, February 13th. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 .
- Value investors frequently look for companies that have low price/book ratios.
- The company provided earnings per share guidance of $0.90-$1.05 for the period, compared to the consensus EPS estimate of $0.93.
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- Dolby Laboratories updated its second quarter earnings guidance on Thursday, February, 2nd.
- A high percentage of insider ownership can be a sign of company health.
- The company’s average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Kevin J. Yeaman has an approval rating of 84% among the company’s employees. The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. Dolby Laboratories’ stock was trading at $70.54 on January 1st, 2023. Since then, DLB stock has increased by 13.2% and is now trading at $79.86.
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According to 9 analysts, the average rating for DLB stock is “Buy.” The 12-month stock price forecast is $91.8, which is an increase of 13.47% from the latest price. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade.
Money Flow Uptick/Downtick RatioMoney flow measures the relative buying and selling pressure on a stock, based on the value of trades made on an “uptick” in price and the value of trades made on a “downtick” in price. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. https://day-trading.info/ Net money flow is the value of uptick trades minus the value of downtick trades. Our calculations are based on comprehensive, delayed quotes. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
Dolby Laboratories Inc develops audio and surround sound for cinema, broadcast, home audio systems, in-car entertainment systems, DVD players, games, televisions, and personal computers. The company generates three fourths of its revenue from licensing its technology to consumer electronics manufacturers around the world. The rest of revenue comes from equipment sales to professional producers and audio engineering services.
Intraday data delayed at least 15 minutes or per exchange requirements. Dolby Laboratoties, Inc. designs and manufactures audio and imaging products for the cinema, television, broadcast, and entertainment industries. Its products include Cinema Imaging, Cinema Audio, Dolby Conference Phone, Dolby Voice Room, and Other Products.
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. Join thousands of traders who make more informed decisions with our premium features.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. DLB has a forward dividend yield of 1.35%.SeeDLB’s full dividends and stock split historyon the Dividend tab. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
