Diebold Inc. to Issue Quarterly Dividend of $0.10 (DBD)
Diebold Inc. (NYSE:DBD) announced a quarterly dividend on Wednesday, October 12th. Investors of record on Friday, November 18th will be paid a dividend of 0.10 per share on Friday, December 9th. This represents a $0.40 annualized dividend and a dividend yield of 1.70%.
Shares of Diebold (NYSE:DBD) traded down 1.17% during mid-day trading on Wednesday, hitting $23.59. The company had a trading volume of 910,603 shares. Diebold has a one year low of $22.84 and a one year high of $37.98. The company has a market capitalization of $1.54 billion, a P/E ratio of 7.72 and a beta of 1.83. The firm’s 50-day moving average price is $25.93 and its 200 day moving average price is $26.17.
Diebold (NYSE:DBD) last released its earnings results on Thursday, July 28th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.23. Diebold had a net margin of 8.57% and a return on equity of 19.56%. The firm earned $580 million during the quarter, compared to analyst estimates of $594.01 million. During the same quarter in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. Analysts predict that Diebold will post $1.42 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Diebold by 19.5% in the second quarter. Fifth Third Bancorp now owns 5,410 shares of the company’s stock valued at $134,000 after buying an additional 884 shares during the period. US Bancorp DE boosted its stake in shares of Diebold by 13.2% in the second quarter. US Bancorp DE now owns 7,843 shares of the company’s stock valued at $195,000 after buying an additional 915 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Diebold by 8.7% in the second quarter. Thrivent Financial for Lutherans now owns 9,210 shares of the company’s stock valued at $229,000 after buying an additional 740 shares during the period. KCG Holdings Inc. boosted its stake in shares of Diebold by 72.9% in the second quarter. KCG Holdings Inc. now owns 13,220 shares of the company’s stock valued at $328,000 after buying an additional 5,572 shares during the period. Finally, Profund Advisors LLC boosted its stake in shares of Diebold by 17.2% in the second quarter. Profund Advisors LLC now owns 14,468 shares of the company’s stock valued at $359,000 after buying an additional 2,123 shares during the period. 82.21% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Diebold from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 28th. JPMorgan Chase & Co. raised shares of Diebold from a “neutral” rating to an “overweight” rating and set a $33.00 price target for the company in a report on Monday, September 26th. Pacific Crest reissued a “hold” rating on shares of Diebold in a report on Friday, September 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $40.00 price target on shares of Diebold in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $32.50.
Diebold, Incorporated is engaged in the business of financial self-service (FSS) and security solutions. The Company’s segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). It offers an integrated line of self-service solutions and technology, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals and software.
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