Northcoast Research Brokers Reduce Earnings Estimates for Diebold Inc. (DBD)
Diebold Inc. (NYSE:DBD) – Equities researchers at Northcoast Research cut their Q4 2016 earnings per share (EPS) estimates for Diebold in a report issued on Wednesday. Northcoast Research analyst K. Mehta now forecasts that the firm will post earnings per share of $0.34 for the quarter, down from their previous forecast of $0.55. Northcoast Research also issued estimates for Diebold’s FY2017 earnings at $1.85 EPS.
Several other brokerages have also commented on DBD. Zacks Investment Research lowered Diebold from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. Pacific Crest reissued a “hold” rating on shares of Diebold in a research note on Friday, September 23rd. Wedbush reissued an “outperform” rating and set a $40.00 price target on shares of Diebold in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. raised 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.50.
Diebold (NYSE:DBD) opened at 23.70 on Friday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 7.76 and a beta of 1.88. Diebold has a 12 month low of $21.05 and a 12 month high of $37.88. The company 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 for the quarter, topping the consensus estimate of $0.29 by $0.05. The company earned $983.30 million during the quarter, compared to analyst estimates of $996.42 million. Diebold had a return on equity of 14.62% and a net margin of 2.99%. The firm’s revenue for the quarter was up 66.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. increased its position in shares of Diebold by 27.8% in the third quarter. D.A. Davidson & CO. now owns 10,275 shares of the company’s stock valued at $254,000 after buying an additional 2,237 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Diebold by 47.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 53,680 shares of the company’s stock valued at $1,331,000 after buying an additional 17,320 shares during the period. LPL Financial LLC acquired a new position in shares of Diebold during the third quarter valued at $393,000. Credit Suisse AG increased its position in shares of Diebold by 52.5% in the third quarter. Credit Suisse AG now owns 142,859 shares of the company’s stock valued at $3,542,000 after buying an additional 49,196 shares during the period. Finally, Ameritas Investment Partners Inc. increased its position in shares of Diebold by 92.7% in the third quarter. Ameritas Investment Partners Inc. now owns 28,818 shares of the company’s stock valued at $714,000 after buying an additional 13,863 shares during the period. Hedge funds and other institutional investors own 86.87% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.69%. Diebold’s dividend payout ratio is currently 29.85%.
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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