Diebold Inc. (NYSE:DBD) – Northcoast Research issued their Q3 2016 earnings estimates for Diebold in a report released on Wednesday. Northcoast Research analyst K. Mehta anticipates that the brokerage will post earnings per share of $0.35 for the quarter. Northcoast Research also issued estimates for Diebold’s Q4 2016 earnings at $0.55 EPS, FY2016 earnings at $1.31 EPS and FY2017 earnings at $2.25 EPS.
DBD has been the subject of several other reports. Zacks Investment Research downgraded Diebold from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 28th. JPMorgan Chase & Co. raised Diebold from a “neutral” rating to an “overweight” rating and set a $33.00 price objective for the company in a research note on Monday, September 26th. Pacific Crest reissued a “sector weight” rating on shares of Diebold in a research note on Tuesday, July 5th. Finally, Wedbush reissued an “outperform” rating and issued a $40.00 price objective on shares of Diebold in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.50.
Shares of Diebold (NYSE:DBD) opened at 24.74 on Friday. Diebold has a 12-month low of $22.84 and a 12-month high of $37.98. The company’s 50-day moving average price is $26.18 and its 200 day moving average price is $26.23. The firm has a market capitalization of $1.61 billion, a PE ratio of 8.10 and a beta of 1.83.
Diebold (NYSE:DBD) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.23. The business earned $580 million during the quarter, compared to analysts’ expectations of $594.01 million. Diebold had a return on equity of 19.56% and a net margin of 8.57%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS.
Several institutional investors have recently added to or reduced their stakes in DBD. Vanguard Group Inc. raised its position in shares of Diebold by 2.6% in the second quarter. Vanguard Group Inc. now owns 5,256,212 shares of the company’s stock valued at $130,513,000 after buying an additional 132,067 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Diebold by 0.4% in the second quarter. Gamco Investors INC. ET AL now owns 3,870,551 shares of the company’s stock valued at $96,106,000 after buying an additional 16,200 shares during the period. Wellington Management Group LLP raised its position in shares of Diebold by 5.3% in the first quarter. Wellington Management Group LLP now owns 2,375,192 shares of the company’s stock valued at $68,667,000 after buying an additional 119,455 shares during the period. State Street Corp raised its position in shares of Diebold by 1.7% in the first quarter. State Street Corp now owns 2,071,431 shares of the company’s stock valued at $59,882,000 after buying an additional 35,215 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Diebold by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,853,035 shares of the company’s stock valued at $53,571,000 after buying an additional 12,633 shares during the period. 82.27% of the stock is owned by institutional investors.
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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