Northcoast Research Comments on Diebold Inc.’s Q3 2016 Earnings (DBD)
Diebold Inc. (NYSE:DBD) – Equities researchers at Northcoast Research issued their Q3 2016 EPS estimates for shares of Diebold in a research note issued to investors on Wednesday. Northcoast Research analyst K. Mehta forecasts that the firm will post earnings of $0.35 per share for the quarter. Northcoast Research also issued estimates for Diebold’s Q4 2016 earnings at $0.55 EPS, FY2016 earnings at $1.31 EPS and FY2017 earnings at $2.25 EPS.
Diebold (NYSE:DBD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.23. Diebold had a return on equity of 19.56% and a net margin of 8.57%. The firm earned $580 million during the quarter, compared to analysts’ expectations of $594.01 million. During the same period last year, the business posted $0.44 earnings per share. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year.
Several other research analysts have also recently commented on DBD. Pacific Crest reissued a “sector weight” rating on shares of Diebold in a research note on Tuesday, July 5th. Zacks Investment Research raised Diebold from a “sell” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, July 5th. Wedbush reissued an “outperform” rating and set a $40.00 target price on shares of Diebold in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. started coverage on Diebold in a research note on Monday, August 15th. They set a “neutral” rating and a $33.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $32.50.
Shares of Diebold (NYSE:DBD) traded down 1.83% on Friday, hitting $24.62. The stock had a trading volume of 156,606 shares. The firm has a market cap of $1.60 billion, a PE ratio of 8.06 and a beta of 1.83. Diebold has a 52-week low of $22.84 and a 52-week high of $37.98. The firm’s 50-day moving average price is $26.28 and its 200 day moving average price is $26.26.
Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in shares of Diebold by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 30,896 shares of the company’s stock worth $766,000 after buying an additional 78 shares during the last quarter. State Treasurer State of Michigan increased its position in shares of Diebold by 0.4% in the second quarter. State Treasurer State of Michigan now owns 26,130 shares of the company’s stock worth $649,000 after buying an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Diebold by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 14,955 shares of the company’s stock worth $371,000 after buying an additional 227 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Diebold by 4.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 6,849 shares of the company’s stock worth $198,000 after buying an additional 268 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Diebold by 0.6% in the first quarter. UBS Asset Management Americas Inc. now owns 51,071 shares of the company’s stock worth $1,477,000 after buying an additional 281 shares during the last quarter. 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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