Dolby Laboratories (NYSE:DLB) will be posting its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Dolby Laboratories to post earnings of $0.49 per share for the quarter.
Dolby Laboratories (NYSE:DLB) last released its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. Dolby Laboratories had a net margin of 24.93% and a return on equity of 11.12%. The company had revenue of $338.26 million for the quarter, compared to the consensus estimate of $337.45 million. During the same period in the previous year, the firm earned $0.73 EPS. Dolby Laboratories’s revenue was up 12.9% on a year-over-year basis. On average, analysts expect Dolby Laboratories to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
DLB stock opened at $67.27 on Wednesday. Dolby Laboratories has a 52 week low of $58.17 and a 52 week high of $72.04. The company has a market cap of $6.73 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82. The stock’s 50-day moving average is $64.74.
A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Inflarx from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. B. Riley set a $18.00 price target on shares of TiVo and gave the stock a “buy” rating in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Dolby Laboratories has an average rating of “Buy” and an average price target of $76.50.
About Dolby Laboratories
Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for TVs, set-top boxes (STBs), personal computers (PCs), gaming consoles, mobile devices, and digital radio; AVC, a digital video codec with high bandwidth efficiency used in media devices; Dolby AC-4, an audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for home theaters, cinemas, device speakers, mobile devices, and headphones.
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