Diebold Inc. (DBD) Lowered to “Strong Sell” at Zacks Investment Research
According to Zacks, “Diebold Incorporated develops, manufactures, sells and services automated teller machines, electronic and physical security systems, various products used to equip bank facilities, software and integrated systems for global financial and commercial markets. Sales of systems and equipment are made directly to customers by the company’s sales personnel and by manufacturer’s representatives and distributors. The sales/support organization works closely with customers and their consultants to analyze and fulfill the customers’ needs. “
A number of other analysts have also issued reports on DBD. Pacific Crest reissued a sector weight rating on shares of Diebold in a research report on Tuesday, July 5th. Wedbush reaffirmed an outperform rating and set a $40.00 price objective on shares of Diebold in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Diebold in a research report on Monday, August 15th. They set a neutral rating and a $33.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $32.50.
Shares of Diebold (NYSE:DBD) opened at 24.70 on Wednesday. Diebold has a 12-month low of $22.84 and a 12-month high of $37.98. The company has a 50-day moving average of $26.53 and a 200 day moving average of $26.30. The firm has a market capitalization of $1.61 billion, a PE ratio of 8.08 and a beta of 1.83.
Diebold (NYSE:DBD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.23. The business earned $580 million during the quarter, compared to analyst estimates of $594.01 million. Diebold had a net margin of 8.57% and a return on equity of 19.56%. The firm’s revenue was down 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, analysts predict that Diebold will post $1.50 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the stock. Mason Street Advisors LLC bought a new position in shares of Diebold during the second quarter valued at approximately $738,000. Royal Bank of Canada increased its position in shares of Diebold by 19.4% in the second quarter. Royal Bank of Canada now owns 1,116,250 shares of the company’s stock valued at $27,717,000 after buying an additional 181,015 shares during the period. Howe & Rusling Inc. increased its position in shares of Diebold by 5.3% in the second quarter. Howe & Rusling Inc. now owns 14,160 shares of the company’s stock valued at $352,000 after buying an additional 710 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Diebold by 7.8% in the second quarter. Public Employees Retirement System of Ohio now owns 6,512 shares of the company’s stock valued at $162,000 after buying an additional 469 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Diebold by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 347,659 shares of the company’s stock valued at $8,633,000 after buying an additional 11,928 shares during the period. Institutional investors own 82.27% of the company’s stock.
Diebold Company Profile
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.
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