Wall Street brokerages predict that NCR Co. (NYSE:NCR) will post $0.44 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for NCR’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.43. NCR posted earnings of $0.56 per share in the same quarter last year, which would suggest a negative year over year growth rate of 21.4%. The firm is expected to issue its next earnings results on Thursday, April 19th.
On average, analysts expect that NCR will report full-year earnings of $3.34 per share for the current year, with EPS estimates ranging from $3.25 to $3.38. For the next fiscal year, analysts anticipate that the business will post earnings of $3.64 per share, with EPS estimates ranging from $3.45 to $3.78. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow NCR.
NCR (NYSE:NCR) last announced its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The firm had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.75 billion. NCR had a return on equity of 80.11% and a net margin of 3.56%. NCR’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.07 earnings per share.
NCR has been the topic of a number of research reports. ValuEngine upgraded NCR from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Benchmark reiterated a “buy” rating and set a $44.00 price target on shares of NCR in a research report on Wednesday, February 7th. TheStreet cut NCR from a “b-” rating to a “c” rating in a research report on Friday, February 9th. Morgan Stanley dropped their price target on NCR from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, February 9th. Finally, Zacks Investment Research upgraded NCR from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. NCR has an average rating of “Hold” and a consensus price target of $45.25.
In related news, EVP J. Robert Ciminera sold 1,937 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $37.36, for a total value of $72,366.32. Following the completion of the transaction, the executive vice president now directly owns 6,802 shares of the company’s stock, valued at approximately $254,122.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB bought a new position in NCR in the 4th quarter worth approximately $401,000. J. Goldman & Co LP bought a new position in NCR in the 4th quarter worth approximately $6,277,000. ICM Asset Management Inc. WA grew its holdings in NCR by 28.0% in the 4th quarter. ICM Asset Management Inc. WA now owns 100,444 shares of the information technology services provider’s stock worth $3,414,000 after buying an additional 21,961 shares in the last quarter. Sterling Capital Management LLC grew its holdings in NCR by 36.1% in the 4th quarter. Sterling Capital Management LLC now owns 4,028,177 shares of the information technology services provider’s stock worth $136,918,000 after buying an additional 1,068,564 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in NCR in the 4th quarter worth approximately $2,619,000. 90.94% of the stock is owned by institutional investors and hedge funds.
Shares of NCR (NYSE:NCR) traded up $0.68 during trading on Friday, hitting $32.57. The stock had a trading volume of 565,462 shares, compared to its average volume of 1,461,938. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.50 and a quick ratio of 1.09. The firm has a market cap of $3,890.58, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.83. NCR has a fifty-two week low of $29.20 and a fifty-two week high of $49.90.
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NCR 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.
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