Diebold Inc. (NYSE:DBD) – Investment analysts at Northcoast Research issued their Q3 2016 earnings estimates for shares of Diebold in a research note issued to investors 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 topic of a number of other research reports. Zacks Investment Research cut shares of Diebold from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 28th. JPMorgan Chase & Co. raised shares of Diebold from a “neutral” rating to an “overweight” rating and set a $33.00 price target on the stock in a research report on Monday, September 26th. Pacific Crest reaffirmed a “sector weight” rating on shares of Diebold in a research report on Tuesday, July 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $40.00 price target on shares of Diebold in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Diebold presently has an average rating of “Hold” and a consensus target price of $32.50.
Diebold (NYSE:DBD) opened at 24.74 on Friday. The stock has a 50 day moving average price of $26.18 and a 200 day moving average price of $26.23. The company has a market cap of $1.61 billion, a PE ratio of 8.10 and a beta of 1.83. Diebold has a one year low of $22.84 and a one year high of $37.98.
Diebold (NYSE:DBD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.23. The company 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%. Diebold’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS.
Institutional investors have recently made changes to their positions in the stock. 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 in the last quarter. Wellington Management Group LLP raised 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 worth $68,667,000 after buying an additional 119,455 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Diebold by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 30,896 shares of the company’s stock worth $766,000 after buying an additional 78 shares in the last quarter. Alpine Partners VI LLC acquired a new stake in Diebold during the second quarter worth $485,000. Finally, BlackRock Inc. raised its stake in Diebold by 10.0% in the first quarter. BlackRock Inc. now owns 26,768 shares of the company’s stock worth $774,000 after buying an additional 2,431 shares in the last quarter. Hedge funds and other 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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