Brokers Issue Forecasts for Diebold, Incorporated’s FY2017 Earnings (DBD)
Diebold, Incorporated (NYSE:DBD) – Analysts at Northcoast Research boosted their FY2017 EPS estimates for Diebold, in a research note issued to investors on Wednesday. Northcoast Research analyst K. Mehta now anticipates that the technology company will earn $1.13 per share for the year, up from their previous forecast of $0.95.
A number of other analysts have also recently issued reports on DBD. Zacks Investment Research raised Diebold, from a “strong sell” rating to a “hold” rating in a research note on Wednesday. J P Morgan Chase & Co reduced their price target on Diebold, from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday. Lake Street Capital downgraded Diebold, from a “buy” rating to a “hold” rating and reduced their price target for the stock from $30.00 to $23.00 in a research report on Tuesday. BidaskClub downgraded Diebold, from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Diebold, in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.00.
Diebold, (NYSE:DBD) last posted its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.18 by $0.40. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Diebold, had a negative net margin of 4.40% and a positive return on equity of 11.39%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share.
Large investors have recently added to or reduced their stakes in the business. Creative Planning boosted its position in Diebold, by 2.3% during the 2nd quarter. Creative Planning now owns 5,119 shares of the technology company’s stock worth $143,000 after acquiring an additional 116 shares during the last quarter. LS Investment Advisors LLC boosted its position in Diebold, by 18.5% during the 2nd quarter. LS Investment Advisors LLC now owns 5,771 shares of the technology company’s stock worth $162,000 after acquiring an additional 899 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Diebold, by 4.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,923 shares of the technology company’s stock worth $194,000 after acquiring an additional 271 shares during the last quarter. KCG Holdings Inc. acquired a new position in Diebold, during the 1st quarter worth approximately $242,000. Finally, Westside Investment Management Inc. acquired a new position in Diebold, during the 2nd quarter worth approximately $167,000.
In other news, Director Gale S. Fitzgerald purchased 5,000 shares of Diebold, stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average price of $18.14 per share, with a total value of $90,700.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Henry D. G. Wallace purchased 10,000 shares of Diebold, stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of $19.08 per share, with a total value of $190,800.00. The disclosure for this purchase can be found here. Corporate insiders own 1.37% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, November 16th. Diebold,’s dividend payout ratio (DPR) is currently -14.81%.
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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