Diebold, Incorporated (DBD) Expected to Announce Quarterly Sales of $1.21 Billion

Analysts expect that Diebold, Incorporated (NYSE:DBD) will announce sales of $1.21 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Diebold,’s earnings, with the lowest sales estimate coming in at $1.16 billion and the highest estimate coming in at $1.30 billion. Diebold, reported sales of $983.30 million during the same quarter last year, which indicates a positive year-over-year growth rate of 23.1%. The business is expected to report its next quarterly earnings report on Tuesday, November 21st.

On average, analysts expect that Diebold, will report full year sales of $1.21 billion for the current financial year, with estimates ranging from $4.72 billion to $5.04 billion. For the next year, analysts expect that the business will report sales of $5.01 billion per share, with estimates ranging from $4.85 billion to $5.33 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Diebold,.

Diebold, (NYSE:DBD) last announced its earnings results on Wednesday, July 19th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Diebold, had a negative net margin of 6.04% and a positive return on equity of 7.25%. The firm’s quarterly revenue was up 95.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share.

A number of research firms have recently issued reports on DBD. Zacks Investment Research raised shares of Diebold, from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Lake Street Capital initiated coverage on shares of Diebold, in a research report on Monday, June 19th. They set a “buy” rating and a $38.00 price objective on the stock. Finally, Feltl & Co. initiated coverage on shares of Diebold, in a research report on Tuesday, April 18th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Diebold, presently has a consensus rating of “Buy” and an average price target of $32.50.

Shares of Diebold, (DBD) traded up 1.08% during trading on Friday, reaching $23.40. 1,397,661 shares of the company’s stock were exchanged. The firm’s market capitalization is $1.77 billion. The company’s 50-day moving average price is $24.26 and its 200 day moving average price is $27.24. Diebold, has a 52 week low of $19.95 and a 52 week high of $31.85.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Wednesday, August 23rd. Diebold,’s dividend payout ratio is -10.90%.

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In other news, SVP Jonathan Leiken purchased 2,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were bought at an average price of $22.97 per share, with a total value of $45,940.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Phillip R. Cox sold 4,504 shares of Diebold, stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $27.01, for a total transaction of $121,653.04. The disclosure for this sale can be found here. In the last three months, insiders bought 8,000 shares of company stock worth $179,440. Insiders own 1.37% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Diebold, by 19,292.0% in the first quarter. BlackRock Inc. now owns 8,046,515 shares of the technology company’s stock worth $247,027,000 after buying an additional 8,005,021 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Diebold, during the first quarter worth approximately $31,430,000. Mesirow Financial Investment Management Equity Management purchased a new position in Diebold, during the first quarter worth approximately $20,677,000. FMR LLC raised its position in Diebold, by 246.6% in the fourth quarter. FMR LLC now owns 895,212 shares of the technology company’s stock worth $22,514,000 after buying an additional 636,891 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in Diebold, during the first quarter worth approximately $19,159,000.

About Diebold,

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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