Dolby Laboratories (DLB) Earning Somewhat Positive Press Coverage, Report Finds
News coverage about Dolby Laboratories (NYSE:DLB) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Dolby Laboratories earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the electronics maker an impact score of 47.6657810936287 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Dolby Laboratories (DLB) Expected to Post Quarterly Sales of $244.08 Million (americanbankingnews.com)
- Dolby (DLB) Down 8.8% Since Earnings Report: Can It Rebound? (finance.yahoo.com)
- Dagmar Dolby Sells 50,000 Shares of Dolby Laboratories (DLB) Stock (americanbankingnews.com)
- Zacks: Analysts Anticipate Dolby Laboratories (DLB) to Announce $0.26 EPS (americanbankingnews.com)
- Here Are Details on Marvel Studios’ THOR: RAGNAROK Superpower of STEM Challenge! (ramascreen.com)
DLB has been the topic of several recent analyst reports. Zacks Investment Research downgraded Dolby Laboratories from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub upgraded Dolby Laboratories from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Finally, B. Riley upgraded Dolby Laboratories to a “buy” rating and set a $61.50 price target on the stock in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $54.38.
Dolby Laboratories (NYSE DLB) opened at 50.17 on Monday. The company has a 50-day moving average price of $51.14 and a 200 day moving average price of $50.79. Dolby Laboratories has a 52 week low of $44.99 and a 52 week high of $55.02. The company has a market cap of $5.15 billion, a PE ratio of 25.66 and a beta of 0.79.
Dolby Laboratories (NYSE:DLB) last issued its earnings results on Tuesday, July 25th. The electronics maker reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.10. Dolby Laboratories had a net margin of 19.02% and a return on equity of 10.25%. The business had revenue of $305.67 million for the quarter, compared to the consensus estimate of $296.88 million. During the same quarter last year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Dolby Laboratories will post $1.99 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Thursday, August 3rd. Dolby Laboratories’s dividend payout ratio is presently 28.57%.
In other news, major shareholder Dagmar Dolby sold 100,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $48.28, for a total value of $4,828,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin J. Yeaman sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $51.79, for a total transaction of $517,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,160,000 shares of company stock worth $58,423,900. Insiders own 43.80% of the company’s stock.
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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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