Diebold, Incorporated (DBD) Reaches New 12-Month Low at $17.38

Diebold, Incorporated (NYSE:DBD)’s share price hit a new 52-week low on Tuesday . The company traded as low as $17.38 and last traded at $17.85, with a volume of 1094000 shares traded. The stock had previously closed at $18.15.

A number of brokerages recently weighed in on DBD. Zacks Investment Research upgraded shares of Diebold, from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. BidaskClub lowered shares of Diebold, from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. KeyCorp restated a “hold” rating on shares of Diebold, in a report on Friday, October 20th. Credit Suisse Group restated an “outperform” rating on shares of Diebold, in a report on Tuesday, September 5th. Finally, Lake Street Capital lowered shares of Diebold, from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $30.00 to $23.00 in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.00.

The firm has a market capitalization of $1,370.94, a price-to-earnings ratio of 17.12 and a beta of 1.93. The company has a quick ratio of 1.01, a current ratio of 1.47 and a debt-to-equity ratio of 3.00.

Diebold, (NYSE:DBD) last announced its earnings results on Tuesday, October 31st. The technology company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.40. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.17 billion. Diebold, had a negative net margin of 4.40% and a positive return on equity of 11.39%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS. sell-side analysts predict that Diebold, Incorporated will post 1.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.24%. Diebold,’s dividend payout ratio is presently -14.81%.

In related news, Director Henry D. G. Wallace bought 10,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $19.08 per share, for a total transaction of $190,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Alan Kerr bought 2,750 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were bought at an average price of $18.28 per share, with a total value of $50,270.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 17,750 shares of company stock valued at $331,770. Company insiders own 1.37% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DBD. Creative Planning increased its stake in shares of Diebold, by 2.3% in the 2nd quarter. Creative Planning now owns 5,119 shares of the technology company’s stock worth $143,000 after purchasing an additional 116 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Diebold, by 18.5% in the 2nd quarter. LS Investment Advisors LLC now owns 5,771 shares of the technology company’s stock worth $162,000 after purchasing an additional 899 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Diebold, by 4.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,923 shares of the technology company’s stock worth $194,000 after purchasing an additional 271 shares in the last quarter. KCG Holdings Inc. purchased a new stake in shares of Diebold, in the 1st quarter worth $242,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of Diebold, in the 2nd quarter worth $167,000.

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About Diebold,

Diebold Nixdorf, Incorporated provides connected commerce services, software and technology. The Company’s geographic segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). These segments sell and service financial self-service (FSS), retail solutions and security systems.

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