Diebold Nixdorf Inc (NYSE:DBD) – Stock analysts at DA Davidson dropped their Q2 2019 EPS estimates for Diebold Nixdorf in a note issued to investors on Wednesday, May 1st, according to Zacks Investment Research. DA Davidson analyst M. Summerville now forecasts that the technology company will earn ($0.14) per share for the quarter, down from their prior estimate of ($0.10). DA Davidson also issued estimates for Diebold Nixdorf’s Q4 2019 earnings at $0.59 EPS, FY2019 earnings at $0.13 EPS, Q1 2020 earnings at ($0.03) EPS and Q2 2020 earnings at $0.03 EPS.
A number of other research firms also recently commented on DBD. ValuEngine raised Diebold Nixdorf from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Zacks Investment Research downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. set a $7.00 target price on Diebold Nixdorf and gave the company a “sell” rating in a report on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.56.
Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.28). Diebold Nixdorf had a negative net margin of 13.37% and a negative return on equity of 53.21%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business earned ($0.12) earnings per share. The business’s quarterly revenue was down 3.4% on a year-over-year basis.
In other news, Director Gary G. Greenfield purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average price of $9.44 per share, with a total value of $47,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ellen Costello purchased 2,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $10.99 per share, with a total value of $27,475.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 137,322 shares of company stock valued at $1,286,498. 0.92% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in DBD. Bank of New York Mellon Corp lifted its position in Diebold Nixdorf by 7.7% during the third quarter. Bank of New York Mellon Corp now owns 995,862 shares of the technology company’s stock valued at $4,483,000 after purchasing an additional 71,625 shares during the period. BlackRock Inc. lifted its position in Diebold Nixdorf by 4.1% during the third quarter. BlackRock Inc. now owns 10,993,846 shares of the technology company’s stock valued at $49,472,000 after purchasing an additional 428,621 shares during the period. MetLife Investment Advisors LLC lifted its position in Diebold Nixdorf by 55.4% during the third quarter. MetLife Investment Advisors LLC now owns 55,074 shares of the technology company’s stock valued at $248,000 after purchasing an additional 19,639 shares during the period. Legal & General Group Plc lifted its position in Diebold Nixdorf by 7.9% during the third quarter. Legal & General Group Plc now owns 213,407 shares of the technology company’s stock valued at $973,000 after purchasing an additional 15,713 shares during the period. Finally, Virtu Financial LLC lifted its position in Diebold Nixdorf by 150.7% during the fourth quarter. Virtu Financial LLC now owns 60,083 shares of the technology company’s stock valued at $150,000 after purchasing an additional 36,120 shares during the period. 88.02% of the stock is owned by institutional investors and hedge funds.
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 through two segments, Banking and Retail. The Banking segment offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.
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