What Should Investors Know About Dolby Laboratories (DLB) Stock?

By Tamara Parker • Monday, November 20 10:10 • Permanent Link

More and more people are talking about Dolby Laboratories over the last few weeks. Is it worth buying the Specialty Business Services stock at a price of $82.07? Only time will tell. The information below will give you a basic idea of what this investment may entail:

Dolby Laboratories has moved 21.0% over the last year, and the S&P 500 logged a change of 16.0%
DLB has an average analyst rating of buy and is -16.26% away from its mean target price of $98.0 per share
Its trailing earnings per share (EPS) is $2.05
Dolby Laboratories has a trailing 12 month Price to Earnings (P/E) ratio of 40.0 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $4.0 and its forward P/E ratio is 20.5
The company has a Price to Book (P/B) ratio of 3.34 in contrast to the S&P 500's average ratio of 2.95
Dolby Laboratories is part of the Industrials sector, which has an average P/E ratio of 20.49 and an average P/B of 3.78
DLB has reported YOY quarterly earnings growth of -67.4% and gross profit margins of 0.9%
The company has a free cash flow of $390.52 Million, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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 experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices. Its audio technologies also include DD, a digital audio coding technology that provides multichannel sound to applications; DD+, a digital audio coding technology that offers audio transmission for a range of media applications and devices; Dolby TrueHD, a digital audio coding technology providing encoding for media application; Dolby Vision, an imaging technology for cinema and media devices; and HEVC, a digital video codec with high bandwidth efficiency for media devices. In addition, the company offers digital cinema servers, cinema processors, amplifiers, loudspeakers, and audio and imaging hardware and software products for the cinema, television, broadcast, communication, and entertainment industries. Further, it provides 3-D glasses and kits; and various services to support theatrical and television production for cinema exhibition, broadcast, and home entertainment. The company serves film studios, content creators, post-production facilities, cinema operators, broadcasters, and video game designers. It sells its products directly to the end users, as well as through dealers and distributors worldwide. Dolby Laboratories, Inc. was founded in 1965 and is headquartered in San Francisco, California.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.