Several other research firms also recently issued reports on DBD. Zacks Investment Research downgraded shares of Diebold from a buy rating to a hold rating in a report on Tuesday, August 23rd. JPMorgan Chase & Co. assumed coverage on shares of Diebold in a report on Monday, August 15th. They set a neutral rating and a $33.00 price objective on the stock. Finally, Wedbush reaffirmed an outperform rating and set a $40.00 price objective on shares of Diebold in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Diebold has a consensus rating of Hold and an average target price of $32.50.
Shares of Diebold (NYSE:DBD) opened at 24.91 on Friday. The company has a 50-day moving average of $26.84 and a 200 day moving average of $26.32. Diebold has a one year low of $22.84 and a one year high of $37.98. The stock has a market cap of $1.62 billion, a PE 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.23. The business had revenue of $580 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. On average, analysts predict that Diebold will post $1.50 earnings per share for the current year.
Several large investors have recently modified their holdings of DBD. Vanguard Group Inc. boosted its stake 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 worth $130,513,000 after buying an additional 132,067 shares during the period. Gamco Investors INC. ET AL boosted its stake in 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 last quarter. Wellington Management Group LLP boosted its stake in 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 last quarter. State Street Corp boosted its stake in 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 last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in 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 last quarter. Institutional investors and hedge funds 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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