Diebold Nixdorf Inc Expected to Earn FY2018 Earnings of $1.30 Per Share (DBD)

Diebold Nixdorf Inc (NYSE:DBD) – Equities researchers at Northcoast Research cut their FY2018 earnings per share (EPS) estimates for shares of Diebold Nixdorf in a report issued on Thursday. Northcoast Research analyst K. Mehta now anticipates that the technology company will post earnings of $1.30 per share for the year, down from their previous forecast of $1.70.

Diebold Nixdorf (NYSE:DBD) last issued its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.18 by $0.40. Diebold Nixdorf had a positive return on equity of 11.39% and a negative net margin of 4.40%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year.

A number of other research firms have also recently issued reports on DBD. JPMorgan Chase & Co. cut their price objective on Diebold Nixdorf from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Zacks Investment Research raised Diebold Nixdorf from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Imperial Capital set a $24.00 price objective on Diebold Nixdorf and gave the company a “hold” rating in a research report on Tuesday, October 17th. Lake Street Capital cut Diebold Nixdorf from a “buy” rating to a “hold” rating and cut their price objective for the company from $30.00 to $23.00 in a research report on Tuesday, October 31st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Diebold Nixdorf in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $26.75.

Diebold Nixdorf (DBD) opened at $18.25 on Monday. Diebold Nixdorf has a 52-week low of $16.00 and a 52-week high of $31.85. The company has a current ratio of 1.47, a quick ratio of 1.01 and a debt-to-equity ratio of 3.00. The company has a market capitalization of $1,378.50, a P/E ratio of 17.22 and a beta of 1.93.

In other news, SVP Alan Kerr purchased 2,750 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average cost of $18.28 per share, with a total value of $50,270.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gale S. Fitzgerald purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $16.74 per share, with a total value of $66,960.00. Following the completion of the acquisition, the director now owns 51,603 shares in the company, valued at approximately $863,834.22. The disclosure for this purchase can be found here. Company insiders own 1.37% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Zions Bancorporation acquired a new stake in Diebold Nixdorf during the 3rd quarter worth approximately $114,000. Public Employees Retirement System of Ohio lifted its holdings in Diebold Nixdorf 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 purchasing an additional 271 shares during the last quarter. CENTRAL TRUST Co bought a new position in Diebold Nixdorf during the 4th quarter worth $128,000. Westside Investment Management Inc. bought a new position in Diebold Nixdorf during the 2nd quarter worth $167,000. Finally, Virtu KCG Holdings LLC increased its stake in Diebold Nixdorf by 2.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 8,053 shares of the technology company’s stock worth $225,000 after acquiring an additional 180 shares during the period.

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Diebold Nixdorf Company Profile

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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