$0.65 EPS Expected for Dolby Laboratories, Inc. (DLB)

July 17, 2017 - By Marie Mckinney

 $0.65 EPS Expected for Dolby Laboratories, Inc. (DLB)
Investors sentiment increased to 1.46 in Q4 2016. Its up 0.33, from 1.13 in 2016Q3. It improved, as 28 investors sold Dolby Laboratories, Inc. shares while 68 reduced holdings. 54 funds opened positions while 86 raised stakes. 50.18 million shares or 2.59% less from 51.52 million shares in 2016Q3 were reported.
Glenmede Trust Na has invested 0% of its portfolio in Dolby Laboratories, Inc. (NYSE:DLB). Lapides Asset Mgmt Ltd Company has 159,100 shares for 1.29% of their portfolio. Moreover, Metropolitan Life Ny has 0% invested in Dolby Laboratories, Inc. (NYSE:DLB). Baillie Gifford Co holds 0.02% or 260,767 shares. Nantahala Limited Liability Com holds 927,907 shares or 4.35% of its portfolio. State Of Wisconsin Invest Board holds 27,680 shares or 0.01% of its portfolio. Alliancebernstein Lp invested in 30,821 shares or 0% of the stock. Janney Montgomery Scott Ltd stated it has 17,430 shares. Hussman Strategic Advsr holds 100,000 shares or 0.9% of its portfolio. Quantitative Investment Ltd Liability Com reported 0.08% in Dolby Laboratories, Inc. (NYSE:DLB). Centurylink Inv Management Com invested in 32,867 shares. Sg Americas Securities Lc has invested 0% in Dolby Laboratories, Inc. (NYSE:DLB). Mesirow Financial Invest Management, a Alabama-based fund reported 28,905 shares. Moreover, Independent Consultants has 0% invested in Dolby Laboratories, Inc. (NYSE:DLB). Creative Planning has 1,275 shares.

Since January 30, 2017, it had 0 buys, and 13 insider sales for $5.12 million activity. Another trade for 12,409 shares valued at $590,699 was made by SHERMAN MARK ANDREW on Monday, January 30. YEAMAN KEVIN J also sold $525,057 worth of Dolby Laboratories, Inc. (NYSE:DLB) shares. $719,856 worth of Dolby Laboratories, Inc. (NYSE:DLB) was sold by CHEW LEWIS. JASPER N WILLIAM JR also sold $363,528 worth of Dolby Laboratories, Inc. (NYSE:DLB) on Friday, February 3. $181,776 worth of stock was sold by TEVANIAN AVADIS on Friday, February 3. $599,350 worth of stock was sold by Borchers Bob on Friday, May 12. On Friday, February 3 the insider DONATIELLO NICHOLAS JR sold $181,780.

Analysts await Dolby Laboratories, Inc. (NYSE:DLB) to report earnings on July, 26. They expect $0.65 EPS, 0.00 % or $0.00 from last year’s $0.65 per share. DLB’s profit will be $65.72M for 20.96 P/E if the $0.65 EPS becomes a reality. After $0.47 actual EPS reported by Dolby Laboratories, Inc. for the previous quarter, Wall Street now forecasts 38.30 % EPS growth. About 684,725 shares traded or 139.53% up from the average. Dolby Laboratories, Inc. (NYSE:DLB) has risen 14.35% since July 18, 2016 and is uptrending. It has underperformed by 2.35% the S&P500.

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

Among 4 analysts covering Dolby Laboratories (NYSE:DLB), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Dolby Laboratories had 5 analyst reports since October 22, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 22 by B. Riley & Co. As per Thursday, January 28, the company rating was upgraded by Dougherty & Company. On Thursday, April 28 the stock rating was maintained by Dougherty & Company with “Buy”. The firm has “Hold” rating given on Friday, July 14 by Piper Jaffray. JP Morgan downgraded the shares of DLB in report on Friday, April 8 to “Neutral” rating.

Dolby Laboratories, Inc. designs and makes audio and imaging products for the cinema, television, broadcast and entertainment industries. The company has market cap of $5.51 billion. The Company’s products for cinema include Digital Cinema Servers and Cinema Audio Products, and broadcast and other include Dolby Conference Phone and Other Products. It has a 29.15 P/E ratio. 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.

More notable recent Dolby Laboratories, Inc. (NYSE:DLB) news were published by: Seekingalpha.com which released: “Dolby: An Overlooked Growth Story With Catalysts” on January 05, 2017, also Seekingalpha.com with their article: “Dolby Laboratories (DLB) Q2 2017 Results – Earnings Call Transcript” published on April 27, 2017, Zacks.com published: “Dolby, Netflix Tie Up to Deliver Better Streaming Experience” on June 29, 2017. More interesting news about Dolby Laboratories, Inc. (NYSE:DLB) were released by: Businesswire.com and their article: “Dolby Atmos for Music Debuts in the US” published on July 10, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Dolby Laboratories and Netflix partner to deliver the first global …” with publication date: June 28, 2017.

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