Diebold Nixdorf, Incorporated to Post Q3 2024 Earnings of $1.36 Per Share, Wedbush Forecasts (NYSE:DBD)

Diebold Nixdorf, Incorporated (NYSE:DBD) – Wedbush lowered their Q3 2024 earnings per share estimates for Diebold Nixdorf in a research report issued on Thursday, August 8th. Wedbush analyst M. Bryson now expects that the technology company will post earnings per share of $1.36 for the quarter, down from their prior estimate of $1.51. Wedbush has a “Outperform” rating and a $50.00 price objective on the stock. The consensus estimate for Diebold Nixdorf’s current full-year earnings is $5.79 per share. Wedbush also issued estimates for Diebold Nixdorf’s Q4 2024 earnings at $1.60 EPS, FY2024 earnings at $5.30 EPS, Q1 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.65 EPS and Q4 2025 earnings at $1.83 EPS.

Several other research analysts have also recently commented on DBD. DA Davidson upped their target price on shares of Diebold Nixdorf from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. StockNews.com cut Diebold Nixdorf from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th.

Diebold Nixdorf Stock Down 1.3 %

DBD stock opened at $38.54 on Monday. The stock has a market cap of $1.45 billion and a PE ratio of 6.87. The firm’s 50-day simple moving average is $40.48 and its 200 day simple moving average is $37.18. Diebold Nixdorf has a fifty-two week low of $16.50 and a fifty-two week high of $45.15. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 1.08.

Insider Buying and Selling

In other news, major shareholder Millstreet Capital Management sold 450,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $42.50, for a total value of $19,125,000.00. Following the completion of the transaction, the insider now directly owns 6,027,361 shares in the company, valued at $256,162,842.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Millstreet Capital Management sold 450,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $42.50, for a total value of $19,125,000.00. Following the completion of the sale, the insider now owns 6,027,361 shares in the company, valued at $256,162,842.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Octavio Marquez bought 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $37.34 per share, with a total value of $41,074.00. Following the purchase, the chief executive officer now directly owns 135,774 shares of the company’s stock, valued at $5,069,801.16. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Institutional Trading of Diebold Nixdorf

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amalgamated Bank acquired a new position in Diebold Nixdorf in the second quarter worth approximately $34,000. nVerses Capital LLC acquired a new position in shares of Diebold Nixdorf in the 2nd quarter worth $35,000. ClariVest Asset Management LLC grew its holdings in shares of Diebold Nixdorf by 1.7% in the 2nd quarter. ClariVest Asset Management LLC now owns 64,874 shares of the technology company’s stock worth $2,496,000 after acquiring an additional 1,067 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Diebold Nixdorf by 3.9% during the fourth quarter. Russell Investments Group Ltd. now owns 31,579 shares of the technology company’s stock worth $914,000 after purchasing an additional 1,178 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Diebold Nixdorf during the fourth quarter valued at $46,000. 97.04% of the stock is currently owned by institutional investors.

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.