Dolby Laboratories, Inc. (DLB)

Market Cap	6.99B
Revenue (ttm)	1.26B
Net Income (ttm)	212.44M
Shares Out	95.35M
EPS (ttm)	2.18
PE Ratio	33.63
Forward PE	19.91
Dividend	$1.20 (1.64%)
Ex-Dividend Date	Aug 19, 2024

Volume	204,214
Open	74.14
Previous Close	74.26
Day's Range	73.24 - 74.14
52-Week Range	66.35 - 90.06
Beta	0.97
Analysts	Strong Buy
Price Target	98.67 (+34.65%)
Earnings Date	Nov 19, 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
• Website: https://www.dolby.com

Financial Performance

In 2023, Dolby Laboratories'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 34.65% from the latest price.

Price Target

$98.67

(34.65% upside)

Analyst Consensus: Strong Buy