NCR Corporation (NYSE:NCR) Issues FY17 Earnings Guidance

NCR Corporation (NYSE:NCR) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.10-$3.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.36. The company issued revenue guidance of $6.475-$6.525 billion, compared to the consensus revenue estimate of $6.68 billion.NCR Corporation also updated its Q4 guidance to $0.83-$0.93 EPS.

Shares of NCR Corporation (NYSE:NCR) traded up 0.37% during trading on Friday, hitting $32.35. 1,270,140 shares of the stock traded hands. The company has a market cap of $3.93 billion, a P/E ratio of 19.93 and a beta of 1.91. NCR Corporation has a 1-year low of $31.40 and a 1-year high of $49.90. The stock has a 50-day moving average of $36.26 and a 200 day moving average of $38.72.

NCR Corporation (NYSE:NCR) last released its quarterly earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. NCR Corporation had a return on equity of 84.72% and a net margin of 5.11%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. NCR Corporation’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts predict that NCR Corporation will post $3.16 EPS for the current fiscal year.

NCR has been the topic of a number of recent analyst reports. Morgan Stanley reduced their target price on NCR Corporation from $43.00 to $39.00 and set an equal weight rating on the stock in a research note on Friday, October 20th. BidaskClub lowered NCR Corporation from a sell rating to a strong sell rating in a research note on Saturday, August 5th. Royal Bank Of Canada reiterated an average rating and issued a $44.00 target price on shares of NCR Corporation in a research note on Friday, October 20th. They noted that the move was a valuation call. Compass Point initiated coverage on NCR Corporation in a research note on Tuesday, July 18th. They issued a buy rating and a $48.00 target price on the stock. Finally, J P Morgan Chase & Co set a $45.00 target price on NCR Corporation and gave the stock a buy rating in a research note on Saturday, October 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. NCR Corporation has an average rating of Hold and an average target price of $47.57.

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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.

Earnings History and Estimates for NCR Corporation (NYSE:NCR)

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