Dolby Laboratories Inc. Stock Downgraded (DLB)
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- DLB has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 3.60, which clearly demonstrates the ability to cover short-term cash needs.
- The gross profit margin for DOLBY LABORATORIES INC is currently very high, coming in at 96.00%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 24.82% significantly outperformed against the industry average.
- DLB, with its decline in revenue, slightly underperformed the industry average of 0.6%. Since the same quarter one year prior, revenues slightly dropped by 5.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income has significantly decreased by 29.7% when compared to the same quarter one year ago, falling from $88.12 million to $61.91 million.
- Net operating cash flow has significantly decreased to $55.82 million or 53.04% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
-- Written by a member of TheStreet Ratings Staff
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