Diebold, Incorporated (DBD) Expected to Announce Quarterly Sales of $1.27 Billion
Equities research analysts predict that Diebold, Incorporated (NYSE:DBD) will announce $1.27 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Diebold,’s earnings, with the lowest sales estimate coming in at $1.22 billion and the highest estimate coming in at $1.34 billion. Diebold, reported sales of $1.24 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The firm is expected to report its next quarterly earnings results on Tuesday, February 13th.
According to Zacks, analysts expect that Diebold, will report full year sales of $1.27 billion for the current financial year, with estimates ranging from $4.60 billion to $4.75 billion. For the next financial year, analysts expect that the company will post sales of $4.76 billion per share, with estimates ranging from $4.62 billion to $4.96 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Diebold,.
Diebold, (NYSE:DBD) last issued its earnings results on Tuesday, October 31st. The technology company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.40. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.17 billion. Diebold, had a negative net margin of 4.40% and a positive return on equity of 11.39%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS.
A number of equities analysts have commented on the stock. J P Morgan Chase & Co downgraded shares of Diebold, from an “overweight” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Diebold, from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Imperial Capital set a $24.00 target price on shares of Diebold, and gave the stock a “hold” rating in a research note on Tuesday, October 17th. KeyCorp restated a “hold” rating on shares of Diebold, in a research note on Friday, October 20th. Finally, Zacks Investment Research upgraded shares of Diebold, from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Diebold, presently has a consensus rating of “Hold” and a consensus price target of $26.75.
Shares of Diebold, (DBD) traded up $0.25 during mid-day trading on Friday, reaching $19.10. 968,550 shares of the company’s stock were exchanged, compared to its average volume of 1,047,868. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.47 and a quick ratio of 1.01. The company has a market cap of $1,380.00, a P/E ratio of 17.26 and a beta of 1.93. Diebold, has a twelve month low of $16.00 and a twelve month high of $31.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.09%. Diebold,’s dividend payout ratio is presently -14.87%.
In other Diebold, news, SVP Alan Kerr acquired 2,750 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average cost of $18.28 per share, for a total transaction of $50,270.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gale S. Fitzgerald acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of $18.14 per share, for a total transaction of $90,700.00. The disclosure for this purchase can be found here. 1.37% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC lifted its position in Diebold, by 1,648.3% during the third quarter. Neuberger Berman Group LLC now owns 655,605 shares of the technology company’s stock valued at $14,981,000 after acquiring an additional 618,105 shares during the last quarter. California Public Employees Retirement System lifted its position in Diebold, by 5.2% during the third quarter. California Public Employees Retirement System now owns 207,751 shares of the technology company’s stock valued at $4,747,000 after acquiring an additional 10,251 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Diebold, by 52.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,238 shares of the technology company’s stock valued at $280,000 after acquiring an additional 4,224 shares during the last quarter. Zions Bancorporation purchased a new stake in Diebold, during the third quarter valued at approximately $114,000. Finally, Atlantic Investment Management Inc. lifted its position in Diebold, by 8.0% during the third quarter. Atlantic Investment Management Inc. now owns 6,481,819 shares of the technology company’s stock valued at $148,110,000 after acquiring an additional 481,819 shares during the last quarter.
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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