Dolby Laboratories, Inc. (DLB)

Market Cap	7.70B
Revenue (ttm)	1.27B
Net Income (ttm)	190.40M
Shares Out	95.84M
EPS (ttm)	1.96
PE Ratio	40.99
Forward PE	21.06
Dividend	$1.20 (1.49%)
Ex-Dividend Date	May 13, 2024

Volume	511,044
Open	80.39
Previous Close	80.24
Day's Range	80.32 - 81.68
52-Week Range	75.87 - 91.02
Beta	0.99
Analysts	Strong Buy
Price Target	98.67 (+22.8%)
Earnings Date	Aug 1, 2024

About DLB

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 experience...

• Industry: Specialty Business Services
• Sector: Industrials
• IPO Date: Feb 17, 2005
• Employees: 2,246
• Stock Exchange: NYSE
• Ticker Symbol: DLB

Financial Performance

In 2023, DLB's revenue was $1.30 billion, an increase of 3.66% compared to the previous year's $1.25 billion. Earnings were $200.66 million, an increase of 9.00%.

Analyst Forecast

According to 3 analysts, the average rating for DLB stock is "Strong Buy." The 12-month stock price forecast is $98.67, which is an increase of 22.80% from the latest price.

Price Target

$98.67

(22.80% upside)

Analyst Consensus: Strong Buy