$1.21 Billion in Sales Expected for Diebold, Incorporated (DBD) This Quarter
Equities research analysts expect Diebold, Incorporated (NYSE:DBD) to report $1.21 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Diebold,’s earnings. The highest sales estimate is $1.30 billion and the lowest is $1.16 billion. Diebold, reported sales of $983.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.1%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 21st.
On average, analysts expect that Diebold, will report full-year sales of $1.21 billion for the current year, with estimates ranging from $4.72 billion to $5.04 billion. For the next financial year, analysts forecast that the company will post sales of $5.01 billion per share, with estimates ranging from $4.85 billion to $5.33 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Diebold,.
Diebold, (NYSE:DBD) last released its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Diebold, had a negative net margin of 6.04% and a positive return on equity of 7.25%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was up 95.5% on a year-over-year basis.
A number of equities research analysts have recently weighed in on DBD shares. Feltl & Co. started coverage on shares of Diebold, in a report on Tuesday, April 18th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Diebold, from a “hold” rating to a “sell” rating in a report on Monday, May 8th. Lake Street Capital reduced their price objective 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. BidaskClub lowered shares of Diebold, from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, J P Morgan Chase & Co lowered shares of Diebold, from an “overweight” rating to a “neutral” rating and set a $31.00 price objective on the stock. in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $30.60.
In related news, SVP Olaf Robert Heyden bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were purchased at an average cost of $23.28 per share, with a total value of $46,560.00. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders purchased a total of 8,000 shares of company stock worth $179,440 over the last ninety days. Insiders own 1.37% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of DBD. Teachers Advisors LLC increased its position in Diebold, by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 108,417 shares of the technology company’s stock worth $2,727,000 after buying an additional 3,010 shares during the period. Capstone Asset Management Co. increased its position in Diebold, by 3.7% in the first quarter. Capstone Asset Management Co. now owns 8,502 shares of the technology company’s stock worth $261,000 after buying an additional 300 shares during the period. Louisiana State Employees Retirement System increased its position in Diebold, by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 19,100 shares of the technology company’s stock worth $586,000 after buying an additional 500 shares during the period. Coastline Trust Co increased its position in Diebold, by 0.8% in the first quarter. Coastline Trust Co now owns 8,375 shares of the technology company’s stock worth $257,000 after buying an additional 65 shares during the period. Finally, Ledyard National Bank bought a new position in Diebold, during the first quarter worth approximately $152,000.
Diebold, (NYSE DBD) opened at 21.00 on Tuesday. The firm has a 50-day moving average of $22.81 and a 200 day moving average of $26.93. Diebold, has a 12-month low of $19.85 and a 12-month high of $31.85. The stock’s market capitalization is $1.59 billion.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Wednesday, August 23rd. Diebold,’s dividend payout ratio (DPR) is -10.90%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Diebold Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diebold Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.