Wedbush Analysts Raise Earnings Estimates for Diebold Nixdorf, Incorporated (NYSE:DBD)

Diebold Nixdorf, Incorporated (NYSE:DBDGet Rating) – Wedbush boosted their FY2022 earnings per share (EPS) estimates for Diebold Nixdorf in a report released on Wednesday, August 3rd. Wedbush analyst M. Bryson now forecasts that the technology company will earn ($0.32) per share for the year, up from their previous forecast of ($0.85). Wedbush currently has a “Outperform” rating and a $5.00 target price on the stock. The consensus estimate for Diebold Nixdorf’s current full-year earnings is ($0.78) per share.

A number of other analysts have also commented on the company. DA Davidson decreased their price objective on Diebold Nixdorf from $15.00 to $7.00 in a research note on Wednesday, April 27th. StockNews.com upgraded Diebold Nixdorf from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. downgraded Diebold Nixdorf from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 10th.

Diebold Nixdorf Stock Performance

Diebold Nixdorf stock opened at $4.49 on Friday. The firm has a market capitalization of $354.38 million, a price-to-earnings ratio of -0.84 and a beta of 3.11. Diebold Nixdorf has a fifty-two week low of $2.12 and a fifty-two week high of $11.90. The stock’s fifty day moving average is $2.92 and its two-hundred day moving average is $5.28.

Diebold Nixdorf (NYSE:DBDGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.60. The firm had revenue of $851.70 million during the quarter, compared to analysts’ expectations of $886.96 million. Diebold Nixdorf had a negative return on equity of 7.51% and a negative net margin of 11.42%. Diebold Nixdorf’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share.

Institutional Trading of Diebold Nixdorf

A number of large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Diebold Nixdorf in the 2nd quarter valued at about $91,000. Everence Capital Management Inc. raised its holdings in shares of Diebold Nixdorf by 314.3% during the second quarter. Everence Capital Management Inc. now owns 58,700 shares of the technology company’s stock valued at $133,000 after acquiring an additional 44,530 shares during the period. Gabelli Funds LLC lifted its position in shares of Diebold Nixdorf by 2.3% in the 1st quarter. Gabelli Funds LLC now owns 750,200 shares of the technology company’s stock valued at $5,049,000 after acquiring an additional 17,000 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Diebold Nixdorf by 3.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 4,123,104 shares of the technology company’s stock worth $27,748,000 after purchasing an additional 148,200 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Diebold Nixdorf during the 1st quarter worth approximately $175,000. Institutional investors and hedge funds own 82.41% of the company’s stock.

Insider Activity

In other Diebold Nixdorf news, CEO Octavio Marquez bought 48,791 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were bought at an average cost of $2.27 per share, with a total value of $110,755.57. Following the completion of the acquisition, the chief executive officer now owns 325,719 shares of the company’s stock, valued at $739,382.13. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Diebold Nixdorf news, Director Bruce H. Besanko bought 7,152 shares of the company’s stock in a transaction on Monday, May 16th. The shares were bought at an average cost of $3.50 per share, with a total value of $25,032.00. Following the completion of the acquisition, the director now owns 100,726 shares of the company’s stock, valued at $352,541. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Octavio Marquez bought 48,791 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were acquired at an average cost of $2.27 per share, for a total transaction of $110,755.57. Following the completion of the acquisition, the chief executive officer now directly owns 325,719 shares of the company’s stock, valued at approximately $739,382.13. The disclosure for this purchase can be found here. Over the last three months, insiders bought 104,756 shares of company stock worth $260,898. 4.18% of the stock is currently owned by company insiders.

About Diebold Nixdorf

(Get Rating)

Diebold Nixdorf, Incorporated provides connected commerce solutions to financial institutions and retailers in Western Europe, Eastern Europe, Asia, the Middle East, Africa, the United States, Canada, Mexico, and Latin America. It operates through Eurasia Banking, Americas Banking, and Retail segments.

Featured Stories

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

Receive News & Ratings for Diebold Nixdorf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diebold Nixdorf and related companies with MarketBeat.com's FREE daily email newsletter.