Stock Buyback Plan Announced by Diebold Nixdorf (NYSE:DBD) Board of Directors

Diebold Nixdorf (NYSE:DBD) announced that its Board of Directors has initiated a share buyback program 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 shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Diebold Nixdorf Trading Up 6.5 %

Diebold Nixdorf stock opened at $46.87 on Thursday. The stock has a market cap of $1.76 billion, a PE ratio of 360.57 and a beta of 1.93. Diebold Nixdorf has a 52 week low of $30.37 and a 52 week high of $51.81. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average price of $44.16 and a 200 day moving average price of $43.45.

Diebold Nixdorf (NYSE:DBD) last posted its 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 predict that Diebold Nixdorf will post 4.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wedbush reiterated an “outperform” rating and issued a $60.00 price objective (up previously from $50.00) on shares of Diebold Nixdorf in a research note on Wednesday, December 11th.

Diebold Nixdorf Company Profile

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.