Zacks: Brokerages Expect Diebold Nixdorf (DBD) Will Post Quarterly Sales of $1.10 Billion

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Analysts expect that Diebold Nixdorf (NYSE:DBD) will report sales of $1.10 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Diebold Nixdorf’s earnings. The highest sales estimate is $1.13 billion and the lowest is $1.08 billion. Diebold Nixdorf posted sales of $1.13 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 2.7%. The business is expected to issue its next earnings report on Wednesday, July 18th.

According to Zacks, analysts expect that Diebold Nixdorf will report full-year sales of $4.59 billion for the current year, with estimates ranging from $4.55 billion to $4.63 billion. For the next financial year, analysts forecast that the company will post sales of $4.71 billion per share, with estimates ranging from $4.65 billion to $4.79 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Diebold Nixdorf.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings data on Wednesday, May 2nd. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.13). Diebold Nixdorf had a negative net margin of 5.36% and a positive return on equity of 12.89%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company’s revenue was down 3.5% on a year-over-year basis.

Several equities research analysts have recently weighed in on DBD shares. Lake Street Capital upgraded Diebold Nixdorf from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, February 13th. JPMorgan Chase & Co. set a $21.00 price target on Diebold Nixdorf and gave the company a “buy” rating in a research report on Monday, February 12th. ValuEngine upgraded Diebold Nixdorf from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. DA Davidson decreased their price target on Diebold Nixdorf from $16.50 to $14.00 and set a “hold” rating on the stock in a research report on Thursday, May 3rd. Finally, Zacks Investment Research upgraded Diebold Nixdorf from a “sell” rating to a “hold” rating in a research report on Monday, April 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Diebold Nixdorf presently has an average rating of “Hold” and an average price target of $19.80.

In other Diebold Nixdorf news, insider Gerrard Schmid acquired 8,300 shares of the business’s stock in a transaction dated Friday, May 4th. The stock was bought at an average price of $11.80 per share, with a total value of $97,940.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Christopher A. Chapman acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $16.05 per share, with a total value of $48,150.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 49,300 shares of company stock worth $596,110. Company insiders own 0.74% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. grew its holdings in shares of Diebold Nixdorf by 185.8% during the fourth quarter. Assetmark Inc. now owns 6,801 shares of the technology company’s stock worth $111,000 after purchasing an additional 4,421 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Diebold Nixdorf during the fourth quarter worth about $113,000. CENTRAL TRUST Co purchased a new position in shares of Diebold Nixdorf during the fourth quarter worth about $128,000. Advantage Investment Management LLC purchased a new position in shares of Diebold Nixdorf during the fourth quarter worth about $163,000. Finally, Hilltop Holdings Inc. purchased a new position in shares of Diebold Nixdorf during the first quarter worth about $169,000.

Shares of Diebold Nixdorf opened at $11.85 on Friday, MarketBeat.com reports. Diebold Nixdorf has a 52-week low of $11.43 and a 52-week high of $28.50. The stock has a market capitalization of $900.10 million, a P/E ratio of 10.49, a PEG ratio of 3.87 and a beta of 2.06. The company has a current ratio of 1.31, a quick ratio of 0.86 and a debt-to-equity ratio of 3.70.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company operates in three segments: Services, Software, and Systems. The Services segment provides product-related services, such as first and second line maintenance, preventive maintenance, and on-demand services; and managed and outsourcing services, including store lifecycle management, self-service fleet management, branch lifecycle management, automated teller machine (ATM) as-a-service, and managed mobility services, as well as cash management services.

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Earnings History and Estimates for Diebold Nixdorf (NYSE:DBD)

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