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

Dolby Laboratories, Inc. (NYSE:DLB) – Investment analysts at Barrington Research cut their Q2 2024 earnings estimates for shares of Dolby Laboratories in a report issued on Monday, April 22nd. Barrington Research analyst J. Goss now expects that the electronics maker will post earnings per share of $0.90 for the quarter, down from their prior 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.

Dolby Laboratories (NYSE:DLB) last released its earnings results on Thursday, February 1st. The electronics maker reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. Dolby Laboratories had a net margin of 14.70% and a return on equity of 10.21%. The business had revenue of $315.57 million for the quarter, compared to analyst estimates of $310.98 million.

Several other analysts have also commented on DLB. StockNews.com raised shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $98.00 price target on shares of Dolby Laboratories in a research report on Wednesday, January 31st.

Dolby Laboratories Price Performance

DLB opened at $79.32 on Thursday. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 41.10 and a beta of 0.97. The company’s 50 day simple moving average is $81.62 and its two-hundred day simple moving average is $83.30. Dolby Laboratories has a 1-year low of $75.87 and a 1-year high of $91.01.

Institutional Trading of Dolby Laboratories

Several institutional investors have recently added to or reduced their stakes in DLB. VisionPoint Advisory Group LLC increased its holdings in Dolby Laboratories by 86.9% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 370 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 172 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Dolby Laboratories by 75.7% in the fourth quarter. Blue Trust Inc. now owns 369 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 159 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Dolby Laboratories in the first quarter worth $33,000. Fifth Third Bancorp grew its stake in shares of Dolby Laboratories by 175.3% in the third quarter. Fifth Third Bancorp now owns 446 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 284 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Dolby Laboratories in the fourth quarter worth $37,000. Institutional investors and hedge funds own 58.56% of the company’s stock.

Insider Activity at Dolby Laboratories

In related news, SVP John D. Couling sold 33,560 shares of Dolby Laboratories 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 sale, the senior vice president now owns 108,519 shares in the company, valued at approximately $8,769,420.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.54% of the stock is owned by insiders.

Dolby Laboratories Announces Dividend

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

Dolby Laboratories Company Profile

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.