News headlines about Dolby Laboratories (NYSE:DLB) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dolby Laboratories earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the electronics maker an impact score of 45.2174131998408 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Dolby Laboratories, Inc. (DLB) Major Shareholder Sells $6,231,000.00 in Stock (americanbankingnews.com)
- Detailed Research: Economic Perspectives on Brandywine Realty Trust, Dolby Laboratories, International Speedway, Ferrellgas Partners, Curtiss-Wright, and Great Southern — What Drives Growth in Today’s Competitive Landscape (finance.yahoo.com)
- Zacks: Analysts Anticipate Dolby Laboratories, Inc. (DLB) Will Announce Quarterly Sales of $317.10 Million (americanbankingnews.com)
- Dagmar Dolby Sells 100,000 Shares of Dolby Laboratories, Inc. (DLB) Stock (americanbankingnews.com)
- Zacks: Analysts Expect Dolby Laboratories, Inc. (DLB) Will Announce Earnings of $0.83 Per Share (americanbankingnews.com)
A number of research analysts recently issued reports on the company. B. Riley lowered Dolby Laboratories to a “hold” rating and set a $63.00 target price on the stock. in a report on Thursday, January 25th. Zacks Investment Research raised Dolby Laboratories from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research note on Wednesday, March 28th. JPMorgan Chase & Co. lifted their price target on Dolby Laboratories from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Barrington Research reissued a “buy” rating and issued a $78.00 price target on shares of Dolby Laboratories in a research note on Tuesday, May 1st. Finally, ValuEngine raised Dolby Laboratories from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $66.50.
Dolby Laboratories (NYSE:DLB) last issued its quarterly earnings results on Tuesday, April 24th. The electronics maker reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.14. The firm had revenue of $301.36 million for the quarter, compared to analysts’ expectations of $300.37 million. Dolby Laboratories had a return on equity of 12.73% and a net margin of 7.64%. Dolby Laboratories’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. analysts expect that Dolby Laboratories will post 2.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Shareholders of record on Monday, May 7th were given a dividend of $0.16 per share. The ex-dividend date was Friday, May 4th. This represents a $0.64 dividend on an annualized basis and a yield of 1.04%. Dolby Laboratories’s payout ratio is presently 29.09%.
In other Dolby Laboratories news, Director Nicholas Donatiello, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $63.01, for a total transaction of $126,020.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Andrew Sherman sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $65.00, for a total value of $650,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,053,948 shares of company stock valued at $65,270,638 over the last 90 days. Corporate insiders own 43.74% of the company’s stock.
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, including Dolby Digital Plus for digital television, mobile, and Internet-based services; Dolby Digital, a digital audio coding technology that provides multichannel sound in the home; and AAC & HE-AAC, an audio coding technologies used to broadcast, download, and streaming content.
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