Dolby Laboratories (DLB) Scheduled to Post Quarterly Earnings on Thursday

Dolby Laboratories (NYSE:DLB) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.20 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Dolby Laboratories (NYSE:DLB) last released its quarterly earnings results on Thursday, February 1st. The electronics maker reported $0.76 EPS for the quarter, topping the consensus estimate of $0.62 by $0.14. Dolby Laboratories had a return on equity of 10.21% and a net margin of 14.70%. The firm had revenue of $315.57 million for the quarter, compared to analyst estimates 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 Up 0.6 %

Shares of NYSE:DLB opened at $79.64 on Thursday. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 41.26 and a beta of 0.97. The company has a 50 day moving average of $81.57 and a two-hundred day moving average of $83.36. Dolby Laboratories has a 52-week low of $75.87 and a 52-week high of $91.01.

Dolby Laboratories Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on DLB. Rosenblatt Securities reissued a “buy” rating and issued a $98.00 price objective on shares of Dolby Laboratories in a research report on Wednesday, January 31st. StockNews.com raised Dolby Laboratories from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.

Insider Activity

In related news, SVP John D. Couling sold 33,560 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 108,519 shares of the company’s stock, valued at $8,769,420.39. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 39.54% of the company’s stock.

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.