News stories about Dolby Laboratories (NYSE:DLB) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dolby Laboratories earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 43.7849970849097 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several brokerages have recently issued reports on DLB. Zacks Investment Research downgraded shares of Dolby Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. B. Riley reiterated a “buy” rating and set a $65.50 price target on shares of Dolby Laboratories in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Dolby Laboratories currently has a consensus rating of “Hold” and a consensus price target of $60.17.
Dolby Laboratories (DLB) opened at $65.35 on Friday. Dolby Laboratories has a twelve month low of $47.19 and a twelve month high of $65.56. The stock has a market capitalization of $6,684.52, a PE ratio of 31.42, a P/E/G ratio of 2.43 and a beta of 0.85.
Dolby Laboratories (NYSE:DLB) last released its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.18. The business had revenue of $242.05 million during the quarter, compared to analysts’ expectations of $244.80 million. Dolby Laboratories had a return on equity of 10.62% and a net margin of 18.66%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. equities analysts predict that Dolby Laboratories will post 2.24 EPS for the current fiscal year.
In other news, CEO Kevin J. Yeaman sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $58.38, for a total transaction of $583,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Andrew Sherman sold 4,594 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $62.45, for a total value of $286,895.30. The disclosure for this sale can be found here. Insiders have sold a total of 544,409 shares of company stock valued at $33,369,495 over the last three months. Company insiders own 43.80% of the company’s stock.
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Dolby Laboratories Company Profile
Dolby Laboratories, Inc designs and manufactures audio and imaging products for the cinema, television, broadcast and entertainment industries. Its products for cinema include Digital Cinema Servers and Cinema Audio Products, and broadcast and other include Dolby Conference Phone and Other Products. It offers services to support theatrical and television production for cinema exhibition, broadcast and home entertainment, including equipment training and maintenance, mixing room alignment and equalization, as well as audio, color and light image calibration.
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