Brokers Set Expectations for Diebold Inc.’s FY2016 Earnings (DBD)
Diebold Inc. (NYSE:DBD) – Investment analysts at Wedbush issued their FY2016 EPS estimates for Diebold in a report issued on Tuesday. Wedbush analyst G. Luria anticipates that the brokerage will post earnings of $1.06 per share for the year. Wedbush has a “Outperform” rating and a $40.00 price target on the stock. Wedbush also issued estimates for Diebold’s Q4 2016 earnings at $0.32 EPS, Q1 2017 earnings at $0.16 EPS, Q2 2017 earnings at $0.47 EPS, Q3 2017 earnings at $0.45 EPS, Q4 2017 earnings at $0.68 EPS and FY2017 earnings at $1.76 EPS.
Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Diebold from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Pacific Crest reiterated a “hold” rating on shares of Diebold in a research note on Friday, September 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Diebold from a “neutral” rating to an “overweight” rating and set a $33.00 price target on the stock in a research note on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Diebold has an average rating of “Hold” and a consensus price target of $32.50.
Shares of Diebold (NYSE:DBD) traded down 1.65% on Friday, hitting $23.80. 402,916 shares of the stock were exchanged. Diebold has a one year low of $21.05 and a one year high of $37.88. The company has a 50-day moving average price of $23.18 and a 200-day moving average price of $25.24. The firm has a market capitalization of $1.55 billion, a PE ratio of 7.79 and a beta of 1.88.
Diebold (NYSE:DBD) last announced its quarterly earnings data on Tuesday, November 15th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. The business earned $983.30 million during the quarter, compared to analyst estimates of $996.42 million. Diebold had a net margin of 2.99% and a return on equity of 14.62%. The firm’s revenue for the quarter was up 66.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. LS Investment Advisors LLC increased its position in shares of Diebold by 22.5% in the third quarter. LS Investment Advisors LLC now owns 4,817 shares of the company’s stock worth $119,000 after buying an additional 886 shares during the period. FNY Managed Accounts LLC purchased a new position in shares of Diebold during the third quarter worth approximately $121,000. Creative Planning increased its position in shares of Diebold by 6.7% in the third quarter. Creative Planning now owns 5,019 shares of the company’s stock worth $124,000 after buying an additional 317 shares during the period. 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 worth $134,000 after buying an additional 884 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Diebold by 2,289.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,926 shares of the company’s stock worth $147,000 after buying an additional 5,678 shares during the period. 86.87% of the stock is owned by institutional investors.
The company also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, November 16th. Diebold’s dividend payout ratio (DPR) is presently 29.85%.
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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