Diebold Nixdorf (DBD) Sets New 12-Month Low Following Weak Earnings

Diebold Nixdorf Inc (NYSE:DBD) shares reached a new 52-week low during mid-day trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $3.42 and last traded at $4.00, with a volume of 90946 shares trading hands. The stock had previously closed at $3.58.

The technology company reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.49). Diebold Nixdorf had a positive return on equity of 10.58% and a negative net margin of 7.77%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $0.58 earnings per share. Diebold Nixdorf’s revenue for the quarter was down 2.0% on a year-over-year basis.

Several equities research analysts recently issued reports on DBD shares. TheStreet cut shares of Diebold Nixdorf from a “c-” rating to a “d+” rating in a research report on Thursday, July 5th. Northcoast Research cut shares of Diebold Nixdorf from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 25th. Credit Suisse Group cut their price objective on shares of Diebold Nixdorf from $15.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. JPMorgan Chase & Co. cut shares of Diebold Nixdorf from a “neutral” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research report on Monday, August 6th. Finally, Zacks Investment Research cut shares of Diebold Nixdorf from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. Two investment 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 a consensus price target of $12.50.

Institutional investors and hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB acquired a new stake in shares of Diebold Nixdorf during the first quarter valued at about $176,000. Commonwealth Equity Services LLC acquired a new stake in shares of Diebold Nixdorf during the second quarter valued at about $138,000. Creative Planning acquired a new stake in shares of Diebold Nixdorf during the second quarter valued at about $143,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Diebold Nixdorf during the second quarter valued at about $192,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Diebold Nixdorf during the second quarter valued at about $212,000.

The stock has a market cap of $272.42 million, a price-to-earnings ratio of 3.81 and a beta of 1.72. The company has a debt-to-equity ratio of 6.96, a quick ratio of 0.89 and a current ratio of 1.39.

About Diebold Nixdorf (NYSE:DBD)

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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