Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, July 7, 2017

Article Excerpt

DIEBOLD NIXDORF INC., $21.00, New York symbol DBD, took its current form in August 2016 when it acquired Germany’s Wincor Nixdorf AG for $1.4 billion in cash and shares. The purchase makes Diebold the world’s largest maker of automated teller machines (ATMs); over 90 of the world’s top 100 financial institutions use its services. The stock dropped 20% this week after the company cut its revenue and earnings forecast for 2017. Due to a slowdown in new orders for ATMs and related services, such as maintenance, Diebold now expects full-year revenue of $4.7 billion to $4.9 billion. That’s down from its earlier prediction of $5.0 billion to $5.1 billion. In addition to the revenue decline, the company is hiring new workers as it expands its service and software operations. As a result, it now expects to earn between $0.95 and $1.15 a share in 2017. It had previously estimated earnings for 2017 would range from $1.40 to $1.70 a share. However, Diebold now feels the…