Dolby Laboratories (DLB) Receiving Somewhat Favorable News Coverage, Report Shows

Press coverage about Dolby Laboratories (NYSE:DLB) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dolby Laboratories earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 45.9692025493891 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

DLB stock traded down $1.59 during midday trading on Friday, hitting $63.01. 345,777 shares of the stock traded hands, compared to its average volume of 404,539. The firm has a market cap of $6,687.65, a PE ratio of 28.64, a P/E/G ratio of 5.43 and a beta of 0.74. Dolby Laboratories has a 1-year low of $48.00 and a 1-year high of $74.29.

How to Become a New Pot Stock Millionaire

Dolby Laboratories (NYSE:DLB) last released its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.35. The company had revenue of $287.80 million for the quarter, compared to analyst estimates of $265.75 million. Dolby Laboratories had a net margin of 6.06% and a return on equity of 12.02%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. research analysts predict that Dolby Laboratories will post 0.99 EPS for the current year.

A number of analysts have recently weighed in on the stock. JPMorgan Chase increased their price objective on shares of Dolby Laboratories from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of Dolby Laboratories from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. B. Riley lowered shares of Dolby Laboratories from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a research note on Tuesday, January 16th. Finally, ValuEngine upgraded shares of Dolby Laboratories from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $64.20.

In related news, Director Peter C. Gotcher sold 5,233 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $62.12, for a total transaction of $325,073.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kevin J. Yeaman sold 68,548 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $59.66, for a total transaction of $4,089,573.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 498,820 shares of company stock worth $31,288,698. 43.80% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Dolby Laboratories (DLB) Receiving Somewhat Favorable News Coverage, Report Shows” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/3339432/dolby-laboratories-dlb-receiving-somewhat-favorable-news-coverage-report-shows.html.

About Dolby Laboratories

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)

Receive News & Ratings for Dolby Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dolby Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Envestnet Asset Management Inc. Increases Stake in China Yuchai International Limited
Envestnet Asset Management Inc. Increases Stake in China Yuchai International Limited
Envestnet Asset Management Inc. Sells 2,686 Shares of Qorvo
Envestnet Asset Management Inc. Sells 2,686 Shares of Qorvo
Dynamic Capital Management Ltd Has $236,000 Stake in Amgen
Dynamic Capital Management Ltd Has $236,000 Stake in Amgen
Barclays Cuts Targa Resources  Price Target to $57.00
Barclays Cuts Targa Resources Price Target to $57.00
Pivotal Research Lowers Time Warner  to Hold
Pivotal Research Lowers Time Warner to Hold
Unisys  Coverage Initiated by Analysts at Sidoti
Unisys Coverage Initiated by Analysts at Sidoti


Leave a Reply

© 2006-2018 Ticker Report. Google+.