Diebold Nixdorf (NYSE:DBD) Posts Quarterly Earnings Results, Beats Expectations By $0.73 EPS

Diebold Nixdorf (NYSE:DBD) issued its earnings results on Wednesday. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.73, Zacks reports. Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%.The business had revenue of ($1,756.30) million for the quarter, compared to analyst estimates of $947.43 million.

Diebold Nixdorf Stock Performance

Shares of DBD stock traded up $2.20 during midday trading on Thursday, hitting $65.44. The company had a trading volume of 348,897 shares, compared to its average volume of 177,386. The company’s 50 day simple moving average is $58.37 and its 200 day simple moving average is $55.14. Diebold Nixdorf has a 52-week low of $34.88 and a 52-week high of $66.28. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -192.45 and a beta of 1.59. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.36 and a quick ratio of 0.91.

Insider Buying and Selling at Diebold Nixdorf

In other Diebold Nixdorf news, major shareholder Millstreet Capital Management sold 38,963 shares of Diebold Nixdorf stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $60.08, for a total value of $2,340,897.04. Following the transaction, the insider directly owned 5,968,398 shares in the company, valued at approximately $358,581,351.84. This trade represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC grew its stake in shares of Diebold Nixdorf by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 31,421 shares of the technology company’s stock valued at $1,740,000 after purchasing an additional 322 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Diebold Nixdorf by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,017 shares of the technology company’s stock valued at $657,000 after buying an additional 631 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Diebold Nixdorf by 325.9% in the first quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock valued at $50,000 after buying an additional 880 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Diebold Nixdorf by 11.8% in the second quarter. The Manufacturers Life Insurance Company now owns 13,296 shares of the technology company’s stock valued at $737,000 after buying an additional 1,399 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Diebold Nixdorf in the second quarter valued at approximately $105,000. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DBD has been the topic of several research analyst reports. Wall Street Zen raised Diebold Nixdorf from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Wedbush raised their price target on Diebold Nixdorf from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday. Weiss Ratings restated a “sell (d+)” rating on shares of Diebold Nixdorf in a research note on Wednesday, October 8th. Finally, DA Davidson restated a “buy” rating and set a $80.00 price target on shares of Diebold Nixdorf in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Diebold Nixdorf declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 6th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 4.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company 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.