Diebold Nixdorf (NYSE:DBD) Initiates Share Buyback Plan

Diebold Nixdorf (NYSE:DBD) declared that its board has initiated a share repurchase plan on Wednesday, October 28th, RTT News reports. The company plans to repurchase $250 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 12.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on DBD. Wedbush dropped their price objective on Diebold Nixdorf from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday. Weiss Ratings lowered shares of Diebold Nixdorf from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday. DA Davidson restated a “buy” rating and set a $100.00 price target on shares of Diebold Nixdorf in a report on Tuesday. Finally, Wall Street Zen downgraded shares of Diebold Nixdorf from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $95.00.

Diebold Nixdorf Stock Down 6.8%

Shares of NYSE:DBD opened at $55.10 on Friday. The company has a market capitalization of $1.85 billion, a PE ratio of 9.65 and a beta of 1.19. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.83. The business has a fifty day moving average price of $65.18 and a two-hundred day moving average price of $74.91. Diebold Nixdorf has a 1 year low of $52.87 and a 1 year high of $92.08.

Diebold Nixdorf (NYSE:DBD) last released its earnings results on Wednesday, October 28th. The technology company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.03. Diebold Nixdorf had a net margin of 1.96% and a return on equity of 21.53%. The firm had revenue of $990.90 million during the quarter, compared to the consensus estimate of $971.70 million. Analysts forecast that Diebold Nixdorf will post 4.68 earnings per share for the current year.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated provides technology, software and services for the banking and retail industries. Its portfolio includes automated teller machines (ATMs), cash-management systems, self-service kiosks, branch-automation solutions and software designed to support transactions, payments and customer interactions.

For retailers, the company offers point-of-sale systems, self-checkout solutions, payment technologies, software and related services. Diebold Nixdorf also provides professional services, maintenance, monitoring and managed services to help financial institutions and retailers operate and modernize their in-person and self-service channels.

The company traces its history to Diebold, founded in 1859, and Wincor Nixdorf, which was established in Germany in 1952.