Dolby Laboratories, Inc. (NYSE:DLB) to Post Q2 2024 Earnings of $0.90 Per Share, Barrington Research Forecasts

Dolby Laboratories, Inc. (NYSE:DLB) – Investment analysts at Barrington Research reduced their Q2 2024 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 anticipates that the electronics maker will post earnings per share of $0.90 for the quarter, down from their previous estimate 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 EPS for the quarter, beating the consensus estimate of $0.62 by $0.14. Dolby Laboratories had a net margin of 14.70% and a return on equity of 10.21%. The company had revenue of $315.57 million for the quarter, compared to analyst estimates of $310.98 million.

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

Dolby Laboratories Stock Up 0.4 %

Shares of Dolby Laboratories stock opened at $79.91 on Thursday. The firm has a market cap of $7.64 billion, a PE ratio of 41.40 and a beta of 0.97. Dolby Laboratories has a 12-month low of $75.87 and a 12-month high of $91.01. The company’s fifty day simple moving average is $81.58 and its two-hundred day simple moving average is $83.33.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in Dolby Laboratories by 75.7% during the 4th quarter. Blue Trust Inc. now owns 369 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 159 shares during the period. VisionPoint Advisory Group LLC raised its holdings in Dolby Laboratories by 86.9% in the third quarter. VisionPoint Advisory Group LLC now owns 370 shares of the electronics maker’s stock worth $29,000 after buying an additional 172 shares during the last quarter. Mather Group LLC. purchased a new position in Dolby Laboratories in the first quarter worth about $33,000. Quarry LP purchased a new position in Dolby Laboratories in the fourth quarter worth about $37,000. Finally, Fifth Third Bancorp raised its holdings in 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 buying an additional 284 shares during the last quarter. 58.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP John D. Couling sold 33,560 shares of Dolby Laboratories stock in a transaction dated Friday, February 9th. The shares were 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 approximately $8,769,420.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 39.54% of the company’s stock.

Dolby Laboratories Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Tuesday, February 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, February 12th. Dolby Laboratories’s payout ratio is 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.