Stock Buyback Plan Authorized by Diebold Nixdorf (NYSE:DBD)

Key Points

• Diebold Nixdorf has announced a stock buyback program, intending to repurchase $100 million worth of shares, representing up to 4.8% of its outstanding stock.
• The company's stock recently traded at $59.64, experiencing a significant increase, with a 52-week range between $34.38 and $60.57.
• Analysts have varied opinions on Diebold Nixdorf, with one notably upgrading the stock to a "strong-buy" while another downgraded it to a "hold."

Diebold Nixdorf (NYSE:DBD - Get Free Report) announced that its board has initiated a stock repurchase plan on Wednesday, August 6th, RTT News reports. The company plans to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

Diebold Nixdorf Trading Up 0.2%

NYSE:DBD traded up $0.09 during trading hours on Friday, hitting $60.09. 325,999 shares of the company were exchanged, compared to its average volume of 188,966. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -176.74 and a beta of 1.68. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.84. Diebold Nixdorf has a one year low of $34.88 and a one year high of $61.01. The company has a fifty day simple moving average of $55.49 and a 200 day simple moving average of $48.07.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). Diebold Nixdorf had a positive return on equity of 7.92% and a negative net margin of 0.35%. The company had revenue of $915.20 million for the quarter, compared to the consensus estimate of $879.57 million. Sell-side analysts expect that Diebold Nixdorf will post 4.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on DBD. Wall Street Zen upgraded Diebold Nixdorf from a "hold" rating to a "strong-buy" rating in a research note on Saturday. Wedbush raised their price objective on Diebold Nixdorf from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday.

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.