Diebold Inc. (DBD) Trading Up 2.8%
Diebold Inc. (NYSE:DBD)’s share price was up 2.8% during trading on Friday . The company traded as high as $29.01 and last traded at $28.97, with a volume of 1,015,261 shares. The stock had previously closed at $28.18.
A number of equities analysts recently commented on DBD shares. Pacific Crest reaffirmed a “sector weight” rating on shares of Diebold in a research note on Tuesday, July 5th. Wedbush reissued an “outperform” rating and issued a $40.00 price objective on shares of Diebold in a research report on Thursday, August 4th. Zacks Investment Research raised shares of Diebold from a “sell” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, July 5th. JPMorgan Chase & Co. began coverage on shares of Diebold in a research report on Monday. They issued a “neutral” rating and a $33.00 price objective for the company. Finally, Imperial Capital lowered their price objective on shares of Diebold from $32.00 to $29.00 and set an “in-line” rating for the company in a research report on Tuesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.50.
The firm has a 50 day moving average of $26.77 and a 200 day moving average of $26.07. The firm has a market capitalization of $1.89 billion and a PE ratio of 9.48.
Diebold (NYSE:DBD) last issued its earnings results on Thursday, July 28th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.23. The business earned $580 million during the quarter, compared to analyst estimates of $594.01 million. Diebold’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.44 earnings per share. Equities analysts expect that Diebold Inc. will post $1.52 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 27th were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Monday, July 25th.
In other news, Director Phillip R. Cox sold 3,534 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $24.00, for a total value of $84,816.00. Following the completion of the sale, the director now directly owns 25,054 shares in the company, valued at $601,296. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
A hedge fund recently raised its stake in Diebold stock. Mutual of America Capital Management LLC raised its position in shares of Diebold Inc. (NYSE:DBD) by 3.8% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 44,905 shares of the company’s stock after buying an additional 1,642 shares during the period. Mutual of America Capital Management LLC owned approximately 0.07% of Diebold worth $1,351,000 as of its most recent SEC filing.
Diebold, Incorporated is engaged in the business of financial self-service (FSS) and security solutions. The Company’s segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). It offers an integrated line of self-service solutions and technology, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals and software.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.