Diebold, Incorporated (NYSE:DBD) Downgraded to Strong Sell at BidaskClub
BidaskClub downgraded shares of Diebold, Incorporated (NYSE:DBD) from a sell rating to a strong sell rating in a research report sent to investors on Saturday, August 5th.
Other equities analysts also recently issued research reports about the stock. Lake Street Capital cut their price objective on shares of Diebold, from $38.00 to $30.00 and set a buy rating for the company in a research report on Thursday, July 6th. Feltl & Co. initiated coverage on shares of Diebold, in a research report on Tuesday, April 18th. They set a buy rating for the company. Finally, Zacks Investment Research upgraded shares of Diebold, from a strong sell rating to a hold rating in a research report on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $30.60.
Shares of Diebold, (NYSE DBD) traded down 1.27% on Friday, hitting $19.50. 1,103,301 shares of the company traded hands. The stock’s 50-day moving average price is $22.01 and its 200-day moving average price is $26.73. Diebold, has a 12 month low of $19.25 and a 12 month high of $31.85. The company’s market capitalization is $1.47 billion.
Diebold, (NYSE:DBD) last announced its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. Diebold, had a negative net margin of 6.04% and a positive return on equity of 7.25%. Diebold,’s quarterly revenue was up 95.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, equities analysts predict that Diebold, will post $0.97 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.05%. Diebold,’s dividend payout ratio is presently -10.90%.
In related news, CFO Christopher A. Chapman purchased 2,000 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was acquired at an average price of $21.53 per share, for a total transaction of $43,060.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders bought a total of 8,000 shares of company stock valued at $179,440 in the last quarter. Insiders own 1.37% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC increased its position in shares of Diebold, by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 13,001 shares of the technology company’s stock worth $399,000 after buying an additional 51 shares in the last quarter. Coastline Trust Co increased its position in shares of Diebold, by 0.8% in the first quarter. Coastline Trust Co now owns 8,375 shares of the technology company’s stock worth $257,000 after buying an additional 65 shares in the last quarter. Creative Planning increased its position in shares of Diebold, by 2.3% in the second quarter. Creative Planning now owns 5,119 shares of the technology company’s stock worth $143,000 after buying an additional 116 shares in the last quarter. Virtu KCG Holdings LLC increased its position in shares of Diebold, by 2.3% in the second quarter. Virtu KCG Holdings LLC now owns 8,053 shares of the technology company’s stock worth $225,000 after buying an additional 180 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Diebold, by 4.1% in the second quarter. Public Employees Retirement System of Ohio now owns 6,923 shares of the technology company’s stock worth $194,000 after buying an additional 271 shares in the last quarter.
Diebold, Company Profile
Diebold Nixdorf, Incorporated provides connected commerce services, software and technology. The Company’s geographic segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). These segments sell and service financial self-service (FSS), retail solutions and security systems.
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