Diebold Nixdorf (NYSE:DBD) Board Approves Share Repurchase Plan

Diebold Nixdorf (NYSE:DBD - Get Free Report) announced that its board has authorized a stock repurchase program on Wednesday, February 12th, RTT News reports. The company plans to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Wedbush restated an "outperform" rating and issued a $60.00 price target on shares of Diebold Nixdorf in a research note on Thursday.

Diebold Nixdorf Stock Performance

Shares of DBD stock traded down $0.40 on Friday, reaching $46.60. The stock had a trading volume of 81,589 shares, compared to its average volume of 89,816. Diebold Nixdorf has a 1 year low of $30.37 and a 1 year high of $51.81. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.96 and a current ratio of 1.45. The stock has a market cap of $1.75 billion, a P/E ratio of 358.48 and a beta of 1.93. The company has a 50 day simple moving average of $44.17 and a 200 day simple moving average of $43.52.

Diebold Nixdorf (NYSE:DBD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.25). Diebold Nixdorf had a return on equity of 21.14% and a net margin of 0.13%. Equities research analysts expect that Diebold Nixdorf will post 4.02 EPS for the current year.

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.