Dolby Laboratories, Inc. (DLB) EPS Estimated At $0.45

January 18, 2018 - By Peter Erickson

 Dolby Laboratories, Inc. (DLB) EPS Estimated At $0.45
Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.43, from 1.47 in 2017Q2. It worsened, as 28 investors sold Dolby Laboratories, Inc. shares while 71 reduced holdings. 33 funds opened positions while 70 raised stakes. 52.63 million shares or 2.95% more from 51.12 million shares in 2017Q2 were reported.
Ameriprise Fin holds 0% in Dolby Laboratories, Inc. (NYSE:DLB) or 22,318 shares. Denali Limited Co holds 0.24% or 25,200 shares. Cortina Asset Mgmt Ltd Company has invested 0.2% in Dolby Laboratories, Inc. (NYSE:DLB). Highbridge Cap Management Llc owns 4,417 shares for 0% of their portfolio. Cardinal Mngmt owns 0.48% invested in Dolby Laboratories, Inc. (NYSE:DLB) for 26,617 shares. 21,466 are owned by Price T Rowe Inc Md. Alyeska Gp Limited Partnership accumulated 0.04% or 78,767 shares. 41,400 were reported by Nomura. Gamco Investors Incorporated Et Al stated it has 26,700 shares. American Century Incorporated invested in 0.11% or 1.84M shares. Moreover, Winfield has 0% invested in Dolby Laboratories, Inc. (NYSE:DLB). Advisory Networks owns 170 shares or 0% of their US portfolio. Price Michael F has invested 6.76% in Dolby Laboratories, Inc. (NYSE:DLB). Bradley Foster & Sargent Inc Ct holds 0.29% or 130,650 shares in its portfolio. Blackrock owns 3.07 million shares.

Since August 1, 2017, it had 0 insider buys, and 21 insider sales for $64.20 million activity. The insider SHERMAN MARK ANDREW sold 10,000 shares worth $650,000. The insider Dolby Dagmar sold 100,000 shares worth $5.00 million. On Wednesday, October 18 the insider JASPER N WILLIAM JR sold $480,000. 9,310 shares valued at $558,600 were sold by GOTCHER PETER C on Wednesday, October 18.

Analysts expect Dolby Laboratories, Inc. (NYSE:DLB) to report $0.45 EPS on January, 24.They anticipate $0.06 EPS change or 11.76 % from last quarter’s $0.51 EPS. DLB’s profit would be $46.22 million giving it 35.59 P/E if the $0.45 EPS is correct. After having $0.35 EPS previously, Dolby Laboratories, Inc.’s analysts see 28.57 % EPS growth. The stock increased 1.51% or $0.95 during the last trading session, reaching $64.06. About 369,896 shares traded or 11.13% up from the average. Dolby Laboratories, Inc. (NYSE:DLB) has risen 14.35% since January 18, 2017 and is uptrending. It has underperformed by 2.35% the S&P500.

Dolby Laboratories, Inc. (NYSE:DLB) Ratings Coverage

Among 6 analysts covering Dolby Laboratories (NYSE:DLB), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Dolby Laboratories has $65.5 highest and $38 lowest target. $56.08’s average target is -12.46% below currents $64.06 stock price. Dolby Laboratories had 14 analyst reports since October 22, 2015 according to SRatingsIntel. B. Riley & Co maintained the stock with “Neutral” rating in Thursday, October 22 report. The stock of Dolby Laboratories, Inc. (NYSE:DLB) earned “Buy” rating by Dougherty & Company on Thursday, April 28. The rating was maintained by B. Riley & Co on Wednesday, July 26 with “Buy”. Piper Jaffray maintained it with “Hold” rating and $4800 target in Friday, July 14 report. The rating was maintained by B. Riley & Co with “Buy” on Thursday, October 26. On Wednesday, September 13 the stock rating was maintained by Dougherty with “Buy”. On Tuesday, January 16 the stock rating was downgraded by FBR Capital to “Hold”. On Wednesday, July 26 the stock rating was maintained by Piper Jaffray with “Hold”. The rating was upgraded by Dougherty & Company on Thursday, January 28 to “Buy”. The stock has “Buy” rating by B. Riley & Co on Monday, July 17.

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 has market cap of $6.58 billion. The firm develops and licenses its audio technologies, including Dolby Digital Plus for digital television, mobile, and Internet 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. It has a 32.85 P/E ratio. The Company’s audio technologies also comprise Dolby TrueHD, an audio coding technology for content providers; Dolby Atmos, an object-oriented audio technology for home theaters, device speakers, and headphones; Dolby AC-4, a digital audio coding system that addresses the current and future needs of broadcast and streaming entertainment services; Dolby Voice, an audio conferencing technology; and Dolby Vision, an imaging technology for cinema, digital television, and other consumer devices, as well as HEVC, a digital video codec with higher bandwidth efficiency used in a range of media devices.

More notable recent Dolby Laboratories, Inc. (NYSE:DLB) news were published by: Globenewswire.com which released: “Dolby Laboratories Takes Your Entertainment to the Next Level” on January 09, 2018, also Globenewswire.com with their article: “Dolby Laboratories Announces Conference Call and Webcast for Q1 Fiscal 2018 …” published on January 18, 2018, Globenewswire.com published: “Dolby Laboratories Named a Bronze Winner at the 2017 Clio Entertainment Awards” on November 17, 2017. More interesting news about Dolby Laboratories, Inc. (NYSE:DLB) were released by: Nasdaq.com and their article: “First Week of February 16th Options Trading For Dolby Laboratories (DLB)” published on January 02, 2018 as well as Globenewswire.com‘s news article titled: “Dolby Laboratories Awarded by the Advanced Imaging Society” with publication date: January 17, 2018.

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