Diebold Inc. (DBD) Rating Increased to Hold at Zacks Investment Research
Diebold Inc. (NYSE:DBD) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Diebold Incorporated develops, manufactures, sells and services automated teller machines, electronic and physical security systems, various products used to equip bank facilities, software and integrated systems for global financial and commercial markets. Sales of systems and equipment are made directly to customers by the company’s sales personnel and by manufacturer’s representatives and distributors. The sales/support organization works closely with customers and their consultants to analyze and fulfill the customers’ needs. “
A number of other research firms also recently weighed in on DBD. JPMorgan Chase & Co. assumed coverage on Diebold in a research note on Monday, August 15th. They issued a “neutral” rating and a $33.00 price target for the company. Wedbush restated an “outperform” rating and issued a $40.00 price target on shares of Diebold in a research note on Thursday, August 4th. Finally, Pacific Crest restated a “hold” rating on shares of Diebold in a research note on Friday, September 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $32.50.
Shares of Diebold (NYSE:DBD) opened at 23.15 on Tuesday. Diebold has a 52-week low of $21.05 and a 52-week high of $35.23. The stock’s 50 day moving average price is $23.02 and its 200-day moving average price is $25.20. The company has a market capitalization of $1.74 billion, a PE ratio of 20.10 and a beta of 1.88.
Diebold (NYSE:DBD) last posted its quarterly earnings data on Tuesday, November 15th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The business earned $983.30 million during the quarter, compared to the consensus estimate of $996.42 million. Diebold had a return on equity of 14.62% and a net margin of 2.99%. Diebold’s quarterly revenue was up 66.8% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. On average, analysts expect that Diebold will post $1.28 earnings per share for the current year.
The firm 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. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. Diebold’s payout ratio is 29.85%.
Several hedge funds have recently added to or reduced their stakes in DBD. LS Investment Advisors LLC boosted its stake in 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 last quarter. FNY Managed Accounts LLC acquired a new stake in Diebold during the third quarter worth about $121,000. Creative Planning boosted its stake in 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 last quarter. Fifth Third Bancorp boosted its stake in 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 last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in 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 last quarter. 88.71% of the stock is owned by institutional investors.
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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