Diebold Inc. (NYSE:DBD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday.
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. “
DBD has been the subject of a number of other reports. Pacific Crest restated a “hold” rating on shares of Diebold in a report on Friday, September 23rd. Wedbush restated an “outperform” rating and issued a $40.00 target price on shares of Diebold in a report on Thursday, August 4th. Finally, JPMorgan Chase & Co. upgraded shares of Diebold from a “neutral” rating to an “overweight” rating and set a $33.00 target price for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.50.
Diebold (NYSE:DBD) traded down 1.42% during mid-day trading on Wednesday, hitting $24.91. 1,512,461 shares of the stock traded hands. The firm’s 50-day moving average is $26.93 and its 200-day moving average is $26.33. Diebold has a 12-month low of $22.84 and a 12-month high of $37.98. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 8.15 and a beta of 1.68.
Diebold (NYSE:DBD) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.23. The business earned $580 million during the quarter, compared to analyst estimates of $594.01 million. Diebold had a net margin of 8.57% and a return on equity of 19.56%. The company’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. Equities research analysts expect that Diebold will post $1.50 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in Diebold by 19.5% in the second quarter. Fifth Third Bancorp now owns 5,410 shares of the company’s stock valued at $134,000 after buying an additional 884 shares in the last quarter. Tower Research Capital LLC TRC increased 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 valued at $147,000 after buying an additional 5,678 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Diebold by 7.8% in the second quarter. Public Employees Retirement System of Ohio now owns 6,512 shares of the company’s stock valued at $162,000 after buying an additional 469 shares in the last quarter. US Bancorp DE increased its stake in Diebold by 13.2% in the second quarter. US Bancorp DE now owns 7,843 shares of the company’s stock valued at $195,000 after buying an additional 915 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in Diebold by 4.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 6,849 shares of the company’s stock valued at $198,000 after buying an additional 268 shares in the last quarter. Institutional investors own 82.27% of the company’s stock.
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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