Diebold, Incorporated (NYSE:DBD) Announces Quarterly Earnings Results
Diebold, Incorporated (NYSE:DBD) issued its earnings results on Wednesday. The technology company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02, Bloomberg Earnings reports. Diebold, had a negative net margin of 6.65% and a positive return on equity of 9.88%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 95.5% on a year-over-year basis. Diebold, updated its FY17 guidance to $0.95-1.15 EPS.
Diebold, (NYSE DBD) opened at 22.00 on Thursday. The firm’s market cap is $1.66 billion. The stock has a 50 day moving average of $25.27 and a 200 day moving average of $27.41. Diebold, has a 12-month low of $19.95 and a 12-month high of $31.85.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, August 23rd. Diebold,’s dividend payout ratio (DPR) is presently -11.17%.
In other news, Director Phillip R. Cox sold 4,504 shares of Diebold, stock in a transaction on Friday, May 12th. The shares were sold at an average price of $27.01, for a total value of $121,653.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.37% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Legato Capital Management LLC bought a new stake in Diebold, during the second quarter valued at $2,099,000. State Treasurer State of Michigan raised its stake in Diebold, by 1.6% in the second quarter. State Treasurer State of Michigan now owns 31,130 shares of the technology company’s stock valued at $872,000 after buying an additional 500 shares in the last quarter. Macnealy Hoover Investment Management Inc. raised its stake in Diebold, by 1.5% in the second quarter. Macnealy Hoover Investment Management Inc. now owns 54,780 shares of the technology company’s stock valued at $1,534,000 after buying an additional 800 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Diebold, during the second quarter valued at about $6,813,000. Finally, Aperio Group LLC increased its stake in Diebold, by 48.1% in the second quarter. Aperio Group LLC now owns 20,540 shares of the technology company’s stock valued at $575,000 after buying an additional 6,671 shares during the last quarter.
Several brokerages have commented on DBD. Zacks Investment Research downgraded shares of Diebold, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Lake Street Capital lowered their target price on shares of Diebold, from $38.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, July 6th. Finally, Feltl & Co. began coverage on shares of Diebold, in a research note on Tuesday, April 18th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $32.50.
Diebold, 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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