Dolby Labs Rating Increased to Outperform at Avondale Partners (DLB)
A number of other firms have also recently commented on DLB. Analysts at William Blair upgraded shares of Dolby Labs from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. Separately, analysts at TheStreet downgraded shares of Dolby Labs to a “hold” rating in a research note to investors on Tuesday, April 17th. Finally, analysts at Brigantine initiated coverage on shares of Dolby Labs in a research note to investors on Monday, March 19th. They set a “buy” rating on the stock.
Dolby Labs traded up 1.22% on Friday, hitting $44.76. Dolby Labs has a 52-week low of $25.70 and a 52-week high of $51.28. The company has a market cap of $4.853 billion and a price-to-earnings ratio of 16.10.
Dolby Labs last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts expect that Dolby Labs will post $0.63 EPS next quarter.
Dolby Laboratories, Inc. develops and delivers products and technologies that are used in the entertainment industry.