Diebold Inc. (DBD) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Diebold Inc. (NYSE:DBD) released its quarterly earnings data on Tuesday. 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 business earned $983.30 million during the quarter, compared to analysts’ expectations of $996.42 million. Diebold had a net margin of 8.57% and a return on equity of 19.56%. The company’s revenue for the quarter was up 66.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. Diebold updated its Q4 guidance to $0.27-0.34 EPS.
Diebold (NYSE:DBD) opened at 24.25 on Thursday. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 7.94 and a beta of 1.88. Diebold has a 1-year low of $21.05 and a 1-year high of $37.88. The firm has a 50-day moving average of $23.22 and a 200-day moving average of $25.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 18th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.65%. Diebold’s dividend payout ratio is presently 36.98%.
Several large investors have recently added to or reduced their stakes in DBD. BlackRock Group LTD raised its stake in Diebold by 24.7% in the first quarter. BlackRock Group LTD now owns 39,727 shares of the company’s stock valued at $1,148,000 after buying an additional 7,875 shares during the last quarter. State Street Corp raised its stake in Diebold by 1.7% in the first quarter. State Street Corp now owns 2,071,431 shares of the company’s stock valued at $59,882,000 after buying an additional 35,215 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Diebold by 0.6% in the first quarter. UBS Asset Management Americas Inc. now owns 51,071 shares of the company’s stock valued at $1,477,000 after buying an additional 281 shares during the last quarter. Wellington Management Group LLP raised its stake in Diebold by 5.3% in the first quarter. Wellington Management Group LLP now owns 2,375,192 shares of the company’s stock valued at $68,667,000 after buying an additional 119,455 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in 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. 86.87% of the stock is owned by institutional investors.
DBD has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Diebold in a research report on Thursday, August 4th. JPMorgan Chase & Co. initiated coverage on shares of Diebold in a research report on Monday, August 15th. They set a “neutral” rating and a $33.00 price objective for the company. Zacks Investment Research cut shares of Diebold from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Finally, Pacific Crest reaffirmed a “hold” rating on shares of Diebold in a research report on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Diebold currently has a consensus rating of “Hold” and an average target price of $32.50.
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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