KeyCorp Comments on Diebold, Incorporated’s Q1 2018 Earnings (DBD)
Diebold, Incorporated (NYSE:DBD) – Stock analysts at KeyCorp cut their Q1 2018 earnings per share estimates for shares of Diebold, in a research report issued to clients and investors on Tuesday. KeyCorp analyst J. Beck now expects that the technology company will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.19. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Diebold,’s Q2 2018 earnings at $0.17 EPS and FY2019 earnings at $2.20 EPS.
Diebold, (NYSE:DBD) last issued its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.40. The business had revenue of $1.12 billion for 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 company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Diebold, from a “strong sell” rating to a “hold” rating in a report on Wednesday. J P Morgan Chase & Co dropped their price objective on shares of Diebold, from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday. Lake Street Capital downgraded shares of Diebold, from a “buy” rating to a “hold” rating and dropped their price objective for the company from $30.00 to $23.00 in a report on Tuesday. BidaskClub downgraded shares of Diebold, from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Diebold, in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Diebold, currently has an average rating of “Hold” and a consensus price target of $28.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, November 16th. Diebold,’s payout ratio is -14.81%.
In related news, Director Henry D. G. Wallace acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $19.08 per share, with a total value of $190,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gale S. Fitzgerald acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were bought at an average cost of $18.14 per share, for a total transaction of $90,700.00. The disclosure for this purchase can be found here. Company insiders own 1.37% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of DBD. BlackRock Inc. lifted its holdings in Diebold, by 19,292.0% during the first quarter. BlackRock Inc. now owns 8,046,515 shares of the technology company’s stock valued at $247,027,000 after purchasing an additional 8,005,021 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in Diebold, during the second quarter valued at $17,371,000. Russell Investments Group Ltd. lifted its holdings in Diebold, by 35.1% during the second quarter. Russell Investments Group Ltd. now owns 2,193,350 shares of the technology company’s stock valued at $61,414,000 after purchasing an additional 569,754 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Diebold, by 50.5% during the second quarter. Victory Capital Management Inc. now owns 1,541,015 shares of the technology company’s stock valued at $43,148,000 after purchasing an additional 517,230 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Diebold, by 69.7% during the second quarter. Goldman Sachs Group Inc. now owns 1,197,436 shares of the technology company’s stock valued at $33,528,000 after purchasing an additional 491,917 shares in the last quarter.
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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