Diebold, Incorporated (NYSE:DBD) - Investment analysts at Northcoast Research reduced their Q3 2017 earnings estimates for shares of Diebold, in a note issued to investors on Thursday. Northcoast Research analyst K. Mehta now forecasts that the technology company will earn $0.11 per share for the quarter, down from their prior forecast of $0.29. Northcoast Research also issued estimates for Diebold,’s Q4 2017 earnings at $0.68 EPS.
Several other research analysts have also issued reports on DBD. Zacks Investment Research upgraded Diebold, from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Feltl & Co. started coverage on Diebold, in a research report on Tuesday, April 18th. They issued a “buy” rating on the stock. Finally, Lake Street Capital started coverage on Diebold, in a research report on Monday, June 19th. They issued a “buy” rating and a $38.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $32.50.
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Shares of Diebold, (DBD) opened at 23.00 on Monday. Diebold, has a 12 month low of $19.95 and a 12 month high of $31.85. The stock’s 50 day moving average price is $24.82 and its 200-day moving average price is $27.33. The firm’s market capitalization is $1.74 billion.
Diebold, (NYSE:DBD) last announced its earnings results on Wednesday, July 19th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. Diebold, had a positive return on equity of 7.25% and a negative net margin of 6.04%. Diebold,’s revenue for the quarter was up 95.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share.
Hedge funds have recently modified their holdings of the company. Elkfork Partners LLC increased its stake in shares of Diebold, by 19.8% in the first quarter. Elkfork Partners LLC now owns 3,322 shares of the technology company’s stock valued at $102,000 after buying an additional 550 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in shares of Diebold, by 19.8% in the first quarter. Meadow Creek Investment Management LLC now owns 4,228 shares of the technology company’s stock valued at $130,000 after buying an additional 700 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Diebold, by 111.6% in the first quarter. Tower Research Capital LLC TRC now owns 4,510 shares of the technology company’s stock valued at $138,000 after buying an additional 2,379 shares during the last quarter. Creative Planning increased its stake in shares of Diebold, by 2.3% in the second quarter. Creative Planning now owns 5,119 shares of the technology company’s stock valued at $143,000 after buying an additional 116 shares during the last quarter. Finally, Ledyard National Bank acquired a new stake in shares of Diebold, during the first quarter valued at approximately $152,000.
In related news, Director Phillip R. Cox sold 4,504 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $27.01, for a total transaction of $121,653.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Christopher A. Chapman acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average cost of $21.53 per share, for a total transaction of $43,060.00. The disclosure for this purchase can be found here. Company insiders own 1.37% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Wednesday, August 23rd. Diebold,’s payout ratio is presently -10.90%.
Diebold, Company Profile
Diebold Nixdorf, Incorporated provides connected commerce services, software and technology. The Company’s geographic segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). These segments sell and service financial self-service (FSS), retail solutions and security systems.
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