FY2016 EPS Estimates for Diebold Inc. (DBD) Reduced by Northcoast Research
Diebold Inc. (NYSE:DBD) – Equities research analysts at Northcoast Research dropped their FY2016 earnings per share (EPS) estimates for Diebold in a research note issued on Wednesday. Northcoast Research analyst K. Mehta now expects that the brokerage will earn $1.09 per share for the year, down from their previous estimate of $1.31.
Other equities research analysts have also recently issued research reports about the stock. Pacific Crest reiterated a “hold” rating on shares of Diebold in a research report on Friday, September 23rd. Zacks Investment Research cut shares of Diebold from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. 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 target price for the company. Finally, Wedbush restated an “outperform” rating and issued a $40.00 price objective 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 has an average rating of “Hold” and a consensus price target of $32.50.
Shares of Diebold (NYSE:DBD) opened at 23.70 on Thursday. Diebold has a 12-month low of $21.05 and a 12-month high of $36.45. The stock’s 50 day moving average is $23.15 and its 200-day moving average is $25.23. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 7.76 and a beta of 1.88.
Diebold (NYSE:DBD) last released its quarterly earnings results on Tuesday, November 15th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. Diebold had a net margin of 2.99% and a return on equity of 14.62%. The business had revenue of $983.30 million for the quarter, compared to analyst estimates of $996.42 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The firm’s revenue was up 66.8% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.69%. The ex-dividend date is Wednesday, November 16th. Diebold’s payout ratio is presently 29.85%.
A number of large investors have recently bought and sold shares of DBD. Point72 Asset Management L.P. bought a new stake in Diebold during the second quarter valued at $34,092,000. Emerald Acquisition Ltd. acquired a new position in shares of Diebold during the second quarter valued at about $28,000,000. Wells Fargo & Company MN raised its position in shares of Diebold by 32.5% in the third quarter. Wells Fargo & Company MN now owns 2,905,679 shares of the company’s stock valued at $72,033,000 after buying an additional 712,706 shares during the period. BlackRock Fund Advisors raised its position in shares of Diebold by 21.9% in the third quarter. BlackRock Fund Advisors now owns 3,796,265 shares of the company’s stock valued at $94,109,000 after buying an additional 683,197 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Diebold by 21.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,240,354 shares of the company’s stock valued at $55,538,000 after buying an additional 394,598 shares during the period. Hedge funds and other institutional investors 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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