Dolby Laboratories (DLB) Earning Somewhat Favorable Press Coverage, Study Finds

News headlines about Dolby Laboratories (NYSE:DLB) have been trending somewhat positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 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 0.04 on Accern’s scale. Accern also gave press coverage about the electronics maker an impact score of 46.3292391395701 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s rankings:

Dolby Laboratories (NYSE:DLB) traded up $0.54 during trading hours on Friday, hitting $61.49. 351,419 shares of the stock were exchanged, compared to its average volume of 389,858. Dolby Laboratories has a twelve month low of $44.98 and a twelve month high of $61.59. The company has a market cap of $6,274.25, a PE ratio of 29.56, a P/E/G ratio of 2.28 and a beta of 0.83.

Dolby Laboratories (NYSE:DLB) last released its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. Dolby Laboratories had a net margin of 18.66% and a return on equity of 10.62%. The business had revenue of $242.05 million for the quarter, compared to analysts’ expectations of $244.80 million. During the same period last year, the business earned $0.37 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. sell-side analysts predict that Dolby Laboratories will post 2.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Monday, November 6th were issued a $0.16 dividend. This is a boost from Dolby Laboratories’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, November 3rd. Dolby Laboratories’s dividend payout ratio (DPR) is currently 32.99%.

Several research analysts have issued reports on DLB shares. B. Riley reiterated a “buy” rating and set a $65.50 target price on shares of Dolby Laboratories in a report on Thursday, October 26th. BidaskClub cut shares of Dolby Laboratories from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Dougherty & Co reiterated a “buy” rating and set a $63.00 target price on shares of Dolby Laboratories in a report on Wednesday, September 13th. Piper Jaffray Companies reiterated a “hold” rating and set a $52.00 target price (up from $49.00) on shares of Dolby Laboratories in a report on Wednesday, September 13th. Finally, Zacks Investment Research cut shares of Dolby Laboratories from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $60.17.

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In related news, SVP Bob Borchers sold 116,821 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $61.15, for a total value of $7,143,604.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Steven E. Forshay sold 9,355 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $57.86, for a total transaction of $541,280.30. The disclosure for this sale can be found here. Insiders sold a total of 788,555 shares of company stock worth $42,336,905 over the last 90 days. Company insiders own 43.80% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Dolby Laboratories (NYSE:DLB)

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