Diebold Inc. (DBD) to Issue Quarterly Dividend of $0.10
Diebold Inc. (NYSE:DBD) declared a quarterly dividend on Wednesday, October 12th. Shareholders of record on Friday, November 18th will be paid a dividend of 0.10 per share on Friday, December 9th. This represents a $0.40 annualized dividend and a yield of 1.70%.
Diebold (NYSE:DBD) opened at 23.59 on Thursday. Diebold has a 12 month low of $22.84 and a 12 month high of $37.98. The stock has a market capitalization of $1.54 billion, a PE ratio of 7.72 and a beta of 1.83. The firm has a 50-day moving average price of $25.78 and a 200 day moving average price of $26.15.
Diebold (NYSE:DBD) last announced its earnings results on Thursday, July 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $580 million for the quarter, compared to analyst estimates of $594.01 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. Equities analysts anticipate that Diebold will post $1.42 earnings per share for the current year.
Several brokerages recently issued reports on DBD. Zacks Investment Research raised Diebold from a “sell” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, July 5th. Pacific Crest reaffirmed a “hold” rating on shares of Diebold in a research report on Friday, September 23rd. JPMorgan Chase & Co. began coverage on Diebold in a research report on Monday, August 15th. They set a “neutral” rating and a $33.00 target price on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $40.00 target price on shares of Diebold in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $32.50.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new position in shares of Diebold during the second quarter worth $34,092,000. EverPoint Asset Management LLC bought a new stake in Diebold during the second quarter valued at approximately $2,832,000. Parametric Portfolio Associates LLC raised its stake in Diebold by 15.6% in the second quarter. Parametric Portfolio Associates LLC now owns 145,528 shares of the company’s stock valued at $3,613,000 after buying an additional 19,595 shares during the period. KCG Holdings Inc. raised its stake in Diebold by 72.9% in the second quarter. KCG Holdings Inc. now owns 13,220 shares of the company’s stock valued at $328,000 after buying an additional 5,572 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Diebold by 6.3% in the second quarter. Hsbc Holdings PLC now owns 57,354 shares of the company’s stock valued at $1,425,000 after buying an additional 3,413 shares during the period. 82.21% of the stock is currently owned by institutional investors and hedge funds.
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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