Shares of Diebold, Incorporated (NYSE:DBD) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $27.50.
Several equities analysts have commented on the stock. Lake Street Capital lowered shares of Diebold, from a “buy” rating to a “hold” rating in a report on Tuesday. J P Morgan Chase & Co lowered shares of Diebold, from an “overweight” rating to a “neutral” rating and set a $31.00 target price on the stock. in a report on Tuesday, August 8th. BidaskClub lowered shares of Diebold, from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. KeyCorp reissued a “hold” rating on shares of Diebold, in a report on Friday, October 20th. Finally, Imperial Capital set a $24.00 target price on shares of Diebold, and gave the company a “hold” rating in a report on Tuesday, October 17th.
Diebold, (DBD) opened at 19.30 on Wednesday. Diebold, has a 12-month low of $17.95 and a 12-month high of $31.85. The company’s market cap is $1.46 billion. The stock’s 50 day moving average is $21.79 and its 200 day moving average is $23.79.
Diebold, (NYSE:DBD) last released its quarterly earnings results on Monday, November 13th. The technology company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.40. Diebold, had a negative net margin of 6.04% and a positive return on equity of 7.25%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the firm earned $0.34 earnings per share. Diebold,’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities analysts forecast that Diebold, will post $0.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, November 16th. Diebold,’s dividend payout ratio is currently -10.90%.
In related news, Director Gale S. Fitzgerald purchased 5,000 shares of Diebold, stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average cost of $18.14 per share, for a total transaction of $90,700.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Henry D. G. Wallace purchased 10,000 shares of Diebold, stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $19.08 per share, for a total transaction of $190,800.00. The disclosure for this purchase can be found here. 1.37% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning boosted its stake in shares of Diebold, by 2.3% in the 2nd quarter. Creative Planning now owns 5,119 shares of the technology company’s stock valued at $143,000 after purchasing an additional 116 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Diebold, by 18.5% in the 2nd quarter. LS Investment Advisors LLC now owns 5,771 shares of the technology company’s stock valued at $162,000 after purchasing an additional 899 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Diebold, by 4.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,923 shares of the technology company’s stock valued at $194,000 after purchasing an additional 271 shares in the last quarter. KCG Holdings Inc. acquired a new stake in shares of Diebold, in the 1st quarter valued at approximately $242,000. Finally, Westside Investment Management Inc. acquired a new stake in shares of Diebold, in the 2nd quarter valued at approximately $167,000.
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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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