NCR Corporation (NYSE:NCR) – Equities research analysts at Northcoast Research lowered their Q3 2017 earnings estimates for NCR Corporation in a report released on Friday. Northcoast Research analyst K. Mehta now expects that the information technology services provider will post earnings per share of $0.90 for the quarter, down from their previous estimate of $0.93. Northcoast Research also issued estimates for NCR Corporation’s Q4 2017 earnings at $1.11 EPS.
NCR Corporation (NYSE:NCR) last issued its quarterly earnings data on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. NCR Corporation’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by Transcript Daily and is the property of of Transcript Daily. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://transcriptdaily.com/2017/08/13/q3-2017-eps-estimates-for-ncr-corporation-reduced-by-northcoast-research-ncr-updated-updated.html.
A number of other equities research analysts also recently weighed in on NCR. Royal Bank Of Canada restated a “buy” rating and set a $51.00 price target on shares of NCR Corporation in a research report on Wednesday, April 12th. Zacks Investment Research upgraded NCR Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, April 12th. Benchmark Co. initiated coverage on NCR Corporation in a research report on Thursday, April 13th. They set a “buy” rating and a $55.00 price target on the stock. TheStreet downgraded NCR Corporation from a “b” rating to a “c+” rating in a research report on Thursday, April 20th. Finally, Compass Point initiated coverage on NCR Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $48.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. NCR Corporation presently has a consensus rating of “Buy” and an average target price of $46.50.
Shares of NCR Corporation (NYSE:NCR) opened at 40.45 on Monday. The company’s 50-day moving average price is $40.32 and its 200-day moving average price is $42.78. NCR Corporation has a 12 month low of $26.21 and a 12 month high of $49.90. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 24.92 and a beta of 1.90.
Several hedge funds and other institutional investors have recently made changes to their positions in NCR. FNY Partners Fund LP bought a new position in shares of NCR Corporation during the first quarter worth about $107,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of NCR Corporation by 5.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,364 shares of the information technology services provider’s stock worth $108,000 after buying an additional 124 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of NCR Corporation during the first quarter worth about $114,000. James Investment Research Inc. bought a new position in shares of NCR Corporation during the first quarter worth about $152,000. Finally, Highbridge Capital Management LLC bought a new position in shares of NCR Corporation during the first quarter worth about $216,000. 88.54% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP J. Robert Ciminera sold 3,086 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total transaction of $131,093.28. Following the transaction, the executive vice president now directly owns 9,888 shares of the company’s stock, valued at $420,042.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.
NCR Corporation Company Profile
NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
Receive News & Ratings for NCR Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Corporation and related companies with MarketBeat.com's FREE daily email newsletter.