DIEBOLD INC. $36 (New York symbol DBD; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 64.6 million; Market cap: $2.3 billion; Price-to-sales ratio: 0.8; Dividend yield: 3.2%; TSINetwork Rating: Average; www. diebold.com) aims to save a total of $150 million by the end of 2015, mainly through layoffs and plant closures.
In the third quarter of 2014, the company earned $33.0 million, or $0.51 a share, up from a year-earlier loss of $21.7 million, or $0.34. Without unusual items, earnings per share fell 3.6%, to $0.54 from $0.56.
Sales gained 8.9%, to $768.0 million from $705.4 million. Stronger demand for automated teller machines in Europe and Asia offset slower sales in North America and Latin America. Diebold also sold more security systems.
Diebold is a buy.