DBD has been the subject of a number of other research reports. JPMorgan Chase & Co. initiated coverage on Diebold in a report on Monday, August 15th. They issued a neutral rating and a $33.00 price target for the company. Wedbush reissued an outperform rating and issued a $40.00 price target on shares of Diebold in a report on Thursday, August 4th. Finally, Zacks Investment Research downgraded Diebold from a buy rating to a hold rating in a report on Tuesday, August 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $32.50.
Diebold (NYSE:DBD) opened at 25.27 on Friday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 8.27 and a beta of 1.68. The firm has a 50 day moving average price of $26.93 and a 200 day moving average price of $26.33. Diebold has a 52 week low of $22.84 and a 52 week high of $37.98.
Diebold (NYSE:DBD) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.23. The firm earned $580 million during the quarter, compared to the consensus estimate of $594.01 million. Diebold had a return on equity of 19.56% and a net margin of 8.57%. Diebold’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 earnings per share. Equities research analysts predict that Diebold will post $1.50 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in Diebold by 19.5% in the second quarter. Fifth Third Bancorp now owns 5,410 shares of the company’s stock worth $134,000 after buying an additional 884 shares in the last quarter. Tower Research Capital LLC TRC increased its position 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 worth $147,000 after buying an additional 5,678 shares in the last quarter. Public Employees Retirement System of Ohio increased its position 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 worth $162,000 after buying an additional 469 shares in the last quarter. US Bancorp DE increased its position in Diebold by 13.2% in the second quarter. US Bancorp DE now owns 7,843 shares of the company’s stock worth $195,000 after buying an additional 915 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in Diebold by 4.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 6,849 shares of the company’s stock worth $198,000 after buying an additional 268 shares in the last quarter. 82.27% of the stock is currently owned by institutional investors.
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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