Stock Buyback Plan Initiated by Diebold Nixdorf (NYSE:DBD) Board

Diebold Nixdorf (NYSE:DBD) declared that its board has initiated a stock buyback plan on Wednesday, February 12th, RTT News reports. The company plans to buyback $100.00 million in shares. This buyback authorization allows the technology company to purchase up to 5.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Diebold Nixdorf Price Performance

Shares of DBD opened at $46.60 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 358.48 and a beta of 1.93. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average of $44.18 and a 200 day moving average of $43.50. Diebold Nixdorf has a twelve month low of $30.37 and a twelve month high of $51.81.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.25). Diebold Nixdorf had a net margin of 0.13% and a return on equity of 21.14%. As a group, equities research analysts anticipate that Diebold Nixdorf will post 4.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush reiterated an “outperform” rating and set a $60.00 target price on shares of Diebold Nixdorf in a report 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.