There is a lot of news surrounding Dolby Laboratories Inc. today, as they are going to be announcing its quarterly earnings data on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $255.12 million for the quarter.
Their last announcement of $0.37 EPS in October was well above the estimate of $0.20. During the same quarter last year, Dolby posted a $0.42 earnings per share. There are a lot more numbers here that I will not bore you with.
In looking at the Value Composite score for Dolby Laboratories, Inc., we see that the firm has a rank of 51. This is based on a 0 to 100 scale where a lower score indicated an undervalued company and a higher score would indicate an expensive or overvalued company.
Several equities analysts have issued reports on DLB shares. Piper Jaffray Cos. reiterated a “hold” rating and set a $46.00 target price on shares of Dolby Laboratories in a research report on Friday. Zacks Investment Research upgraded Dolby Laboratories from a “sell” rating to a “hold” rating in a research report on Tuesday, December 27th. B. Riley reiterated a “neutral” rating and set a $49.00 target price on shares of Dolby Laboratories in a research report on Monday. JPMorgan Chase & Co. started coverage on Dolby Laboratories in a research report on Tuesday, October 4th. They set a “neutral” rating and a $51.00 target price on the stock. Finally, Barrington Research upgraded Dolby Laboratories from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Dolby Laboratories presently has a consensus rating of “Buy” and a consensus target price of $51.20.