Wall Street analysts predict that NCR Co. (NYSE:NCR) will post earnings per share of $0.67 for the current quarter, Zacks reports. Two analysts have made estimates for NCR’s earnings. The highest EPS estimate is $0.71 and the lowest is $0.63. NCR reported earnings per share of $0.58 in the same quarter last year, which indicates a positive year-over-year growth rate of 15.5%. The company is expected to issue its next earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that NCR will report full year earnings of $2.82 per share for the current financial year, with EPS estimates ranging from $2.75 to $2.85. For the next financial year, analysts forecast that the firm will post earnings of $3.13 per share, with EPS estimates ranging from $3.05 to $3.27. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for NCR.
NCR (NYSE:NCR) last released its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.10. NCR had a return on equity of 86.80% and a net margin of 2.47%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year.
A number of research analysts have commented on NCR shares. Wells Fargo & Co started coverage on NCR in a research note on Wednesday, September 18th. They set an “outperform” rating and a $45.00 price target on the stock. ValuEngine cut NCR from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley restated a “hold” rating and set a $31.00 price target on shares of NCR in a research note on Sunday, September 22nd. TheStreet upgraded NCR from a “c” rating to a “b” rating in a research note on Tuesday, July 30th. Finally, Benchmark set a $40.00 price target on NCR and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. NCR presently has a consensus rating of “Hold” and an average price target of $37.57.
NYSE:NCR traded up $0.76 during trading hours on Friday, reaching $29.30. 12,808 shares of the stock were exchanged, compared to its average volume of 1,327,780. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 6.05. The business has a 50-day moving average of $31.38 and a two-hundred day moving average of $30.64. NCR has a twelve month low of $20.93 and a twelve month high of $35.08. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 11.18 and a beta of 1.60.
In other news, major shareholder Ncr Holdco L.P. Blackstone sold 9,129,966 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $32.75, for a total value of $299,006,386.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP J. Robert Ciminera sold 16,888 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $30.32, for a total value of $512,044.16. Following the completion of the sale, the executive vice president now owns 33,278 shares in the company, valued at $1,008,988.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,175,687 shares of company stock worth $300,453,197. Insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of NCR by 11.1% in the second quarter. Russell Investments Group Ltd. now owns 65,633 shares of the information technology services provider’s stock valued at $2,042,000 after acquiring an additional 6,549 shares in the last quarter. Pictet Asset Management Ltd. purchased a new position in NCR in the second quarter valued at $31,327,000. Janus Henderson Group PLC increased its holdings in NCR by 3.0% in the second quarter. Janus Henderson Group PLC now owns 6,099,125 shares of the information technology services provider’s stock valued at $189,683,000 after buying an additional 180,231 shares during the last quarter. GAM Holding AG purchased a new position in NCR in the second quarter valued at $289,000. Finally, Atria Investments LLC purchased a new position in NCR in the second quarter valued at $3,027,000. Institutional investors and hedge funds own 88.18% of the company’s stock.
NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, applications, and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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