Diebold, Incorporated (NYSE:DBD) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Diebold, Incorporated (NYSE:DBD) posted its quarterly earnings results on Wednesday. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.01, Bloomberg Earnings reports. Diebold, had a positive return on equity of 9.88% and a negative net margin of 6.65%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 95.5% compared to the same quarter last year. Diebold, updated its FY17 guidance to $0.95-1.15 EPS.
Diebold, (NYSE:DBD) opened at 21.35 on Wednesday. Diebold, has a 52-week low of $19.95 and a 52-week high of $31.85. The stock’s market capitalization is $1.61 billion. The stock’s 50 day moving average is $25.40 and its 200-day moving average is $27.45.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%. Diebold,’s payout ratio is -11.17%.
In other Diebold, news, Director Phillip R. Cox sold 4,504 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $27.01, for a total value of $121,653.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Diebold, during the fourth quarter valued at approximately $42,154,000. Envestnet Asset Management Inc. increased its stake in shares of Diebold, by 7.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,594 shares of the technology company’s stock valued at $241,000 after buying an additional 681 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Diebold, by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,418,721 shares of the technology company’s stock valued at $35,682,000 after buying an additional 50,302 shares during the last quarter. Putnam Investments LLC increased its stake in shares of Diebold, by 50.1% in the fourth quarter. Putnam Investments LLC now owns 26,464 shares of the technology company’s stock valued at $666,000 after buying an additional 8,828 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Diebold, by 246.6% in the fourth quarter. FMR LLC now owns 895,212 shares of the technology company’s stock valued at $22,514,000 after buying an additional 636,891 shares during the last quarter.
A number of brokerages have issued reports on DBD. Zacks Investment Research cut shares of Diebold, from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Lake Street Capital lowered their target price on shares of Diebold, from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, July 6th. Finally, Feltl & Co. began coverage on shares of Diebold, in a report on Tuesday, April 18th. They set a “buy” rating 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 stock. The stock currently has an average rating of “Buy” and an average price target of $32.50.
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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