Wall Street analysts forecast that NCR Co. (NYSE:NCR) will post sales of $1.59 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for NCR’s earnings. The highest sales estimate is $1.60 billion and the lowest is $1.59 billion. NCR also reported sales of $1.59 billion in the same quarter last year. The company is expected to announce its next quarterly earnings results on Thursday, July 19th.
On average, analysts expect that NCR will report full-year sales of $6.64 billion for the current year, with estimates ranging from $6.58 billion to $6.70 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $6.82 billion per share, with estimates ranging from $6.67 billion to $6.95 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for NCR.
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NCR (NYSE:NCR) last released its quarterly earnings results on Tuesday, May 1st. The information technology services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.47 billion. NCR had a return on equity of 70.12% and a net margin of 2.97%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS.
A number of equities research analysts have commented on NCR shares. ValuEngine cut NCR from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. DA Davidson started coverage on NCR in a report on Wednesday, February 7th. They set a “neutral” rating and a $39.00 target price on the stock. Benchmark reiterated a “buy” rating and set a $44.00 target price on shares of NCR in a report on Wednesday, February 7th. Morgan Stanley lowered their target price on NCR from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, February 9th. Finally, TheStreet cut NCR from a “b-” rating to a “c” rating in a report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.57.
NYSE:NCR traded up $0.09 during trading hours on Tuesday, reaching $29.53. 870,132 shares of the company traded hands, compared to its average volume of 1,253,386. The stock has a market cap of $3.48 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 2.23 and a beta of 1.90. The company has a debt-to-equity ratio of 5.05, a quick ratio of 1.07 and a current ratio of 1.51. NCR has a 1-year low of $26.00 and a 1-year high of $43.24.
In other NCR news, CEO Michael D. Hayford purchased 17,500 shares of NCR stock in a transaction on Tuesday, May 8th. The shares were bought at an average price of $29.28 per share, with a total value of $512,400.00. Following the purchase, the chief executive officer now directly owns 178,014 shares in the company, valued at approximately $5,212,249.92. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Langenbahn sold 4,522 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $33.90, for a total value of $153,295.80. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of NCR. Rockefeller Capital Management L.P. purchased a new position in shares of NCR in the 1st quarter worth $60,758,000. Thompson Siegel & Walmsley LLC raised its position in shares of NCR by 300.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 1,897,136 shares of the information technology services provider’s stock worth $59,797,000 after buying an additional 1,422,911 shares during the period. Wells Fargo & Company MN raised its position in shares of NCR by 15.6% in the 4th quarter. Wells Fargo & Company MN now owns 9,281,834 shares of the information technology services provider’s stock worth $315,488,000 after buying an additional 1,253,248 shares during the period. Alliancebernstein L.P. raised its position in shares of NCR by 23.8% in the 4th quarter. Alliancebernstein L.P. now owns 5,742,529 shares of the information technology services provider’s stock worth $195,189,000 after buying an additional 1,104,426 shares during the period. Finally, Boston Partners purchased a new position in shares of NCR in the 4th quarter worth $36,771,000. 92.58% of the stock is currently owned by institutional investors and hedge funds.
NCR Company Profile
NCR Corporation provides omni-channel technology solutions that enable businesses connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and 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 applications, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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