Diebold Inc. (DBD) Releases Q4 Earnings Guidance
Diebold Inc. (NYSE:DBD) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.27-0.34 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of ~$1.3 billion, compared to the consensus revenue estimate of $1.48 billion.
Diebold Inc. (NYSE:DBD) opened at 24.80 on Tuesday. Diebold Inc. has a 12 month low of $21.05 and a 12 month high of $37.88. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 8.12 and a beta of 1.88. The firm has a 50-day moving average price of $23.29 and a 200-day moving average price of $25.33.
Diebold (NYSE:DBD) last issued its quarterly earnings data on Tuesday, November 15th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The firm earned $983.30 million during the quarter, compared to the consensus estimate of $996.42 million. Diebold had a net margin of 8.57% and a return on equity of 19.56%. The business’s revenue for the quarter was up 66.8% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. On average, equities analysts anticipate that Diebold Inc. will post $1.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 18th will be given a $0.10 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.61%. Diebold’s payout ratio is 36.98%.
A number of equities research analysts have recently weighed in on DBD shares. Pacific Crest reiterated a hold rating on shares of Diebold in a research report on Friday, September 23rd. Zacks Investment Research downgraded shares of Diebold from a buy rating to a hold rating in a research report on Tuesday, August 23rd. JPMorgan Chase & Co. started coverage on shares of Diebold in a research report on Monday, August 15th. They issued a neutral rating and a $33.00 price target for the company. Finally, Wedbush reiterated an outperform rating and issued a $40.00 price target on shares of Diebold in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $32.50.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in shares of Diebold by 19.5% in the second quarter. Fifth Third Bancorp now owns 5,410 shares of the company’s stock valued at $134,000 after buying an additional 884 shares in the last quarter. US Bancorp DE increased its position in shares of Diebold by 13.2% in the second quarter. US Bancorp DE now owns 7,843 shares of the company’s stock valued at $195,000 after buying an additional 915 shares in the last quarter. Advantus Capital Management Inc increased its position in shares of Diebold by 15.9% in the third quarter. Advantus Capital Management Inc now owns 9,142 shares of the company’s stock valued at $227,000 after buying an additional 1,252 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Diebold by 8.7% in the second quarter. Thrivent Financial for Lutherans now owns 9,210 shares of the company’s stock valued at $229,000 after buying an additional 740 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Diebold by 252.8% in the third quarter. JPMorgan Chase & Co. now owns 9,688 shares of the company’s stock valued at $240,000 after buying an additional 6,942 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.
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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