Northcoast Research Comments on Diebold Inc.’s Q3 2016 Earnings (DBD)
Diebold Inc. (NYSE:DBD) – Investment analysts at Northcoast Research issued their Q3 2016 earnings per share (EPS) estimates for Diebold in a research report issued on Wednesday. Northcoast Research analyst K. Mehta anticipates that the firm will post earnings per share of $0.35 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 released its quarterly earnings data on Thursday, July 28th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.23. Diebold had a net margin of 8.57% and a return on equity of 19.56%. The firm earned $580 million during the quarter, compared to analysts’ expectations of $594.01 million. During the same period in the previous year, the company earned $0.44 earnings per share. The firm’s quarterly revenue was down 10.0% on a year-over-year basis.
Several other research analysts have also recently issued reports on DBD. Zacks Investment Research upgraded shares of Diebold from a “sell” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, July 5th. Pacific Crest reiterated a “hold” rating on shares of Diebold in a report on Friday, September 23rd. JPMorgan Chase & Co. assumed coverage on shares of Diebold in a report on Monday, August 15th. They set a “neutral” rating and a $33.00 target price on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $40.00 target price on shares of Diebold in a report on Thursday, August 4th. One investment 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. The stock currently has a consensus rating of “Hold” and an average target price of $32.50.
Shares of Diebold (NYSE:DBD) opened at 24.74 on Friday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 8.10 and a beta of 1.83. The company’s 50-day moving average is $26.18 and its 200 day moving average is $26.23. Diebold has a 12 month low of $22.84 and a 12 month high of $37.98.
Several hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new stake in Diebold during the second quarter worth $34,092,000. Emerald Acquisition Ltd. bought a new position in shares of Diebold during the second quarter valued at approximately $28,000,000. Renaissance Technologies LLC raised its position in shares of Diebold by 634.6% in the first quarter. Renaissance Technologies LLC now owns 437,800 shares of the company’s stock valued at $12,657,000 after buying an additional 378,200 shares during the last quarter. Randolph Co Inc raised its position in shares of Diebold by 344.7% in the third quarter. Randolph Co Inc now owns 309,500 shares of the company’s stock valued at $7,673,000 after buying an additional 239,900 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Diebold by 27.9% in the first quarter. Royal Bank of Canada now owns 935,235 shares of the company’s stock valued at $27,037,000 after buying an additional 204,072 shares during the last quarter. Institutional investors and hedge funds 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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