Wall Street brokerages forecast that NCR Co. (NYSE:NCR) will report $1.74 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for NCR’s earnings, with the lowest sales estimate coming in at $1.73 billion and the highest estimate coming in at $1.76 billion. NCR posted sales of $1.80 billion in the same quarter last year, which suggests a negative year over year growth rate of 3.3%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, February 8th.
According to Zacks, analysts expect that NCR will report full-year sales of $1.74 billion for the current fiscal year, with estimates ranging from $6.47 billion to $6.49 billion. For the next fiscal year, analysts forecast that the firm will report sales of $6.62 billion per share, with estimates ranging from $6.57 billion to $6.71 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover NCR.
NCR (NYSE:NCR) last posted its quarterly earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. NCR 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 last year, the company earned $0.87 EPS. NCR’s revenue for the quarter was down .8% compared to the same quarter last year.
Several brokerages have recently weighed in on NCR. Zacks Investment Research raised NCR from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. ValuEngine raised NCR from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. set a $45.00 price target on NCR and gave the stock a “buy” rating in a research report on Saturday, October 21st. Royal Bank of Canada reaffirmed an “average” rating and set a $44.00 price target on shares of NCR in a research report on Friday, October 20th. They noted that the move was a valuation call. Finally, Morgan Stanley cut their price target on NCR from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.57.
Hedge funds have recently made changes to their positions in the business. Aperio Group LLC grew its stake in shares of NCR by 10.0% in the 3rd quarter. Aperio Group LLC now owns 42,660 shares of the information technology services provider’s stock valued at $1,601,000 after purchasing an additional 3,864 shares during the last quarter. Royal Bank of Canada grew its stake in shares of NCR by 124.0% in the 2nd quarter. Royal Bank of Canada now owns 96,739 shares of the information technology services provider’s stock valued at $3,951,000 after purchasing an additional 53,547 shares during the last quarter. Dana Investment Advisors Inc. purchased a new position in shares of NCR in the 2nd quarter valued at approximately $2,361,000. Intrinsic Edge Capital Management LLC purchased a new position in shares of NCR in the 2nd quarter valued at approximately $724,000. Finally, ETF Managers Group LLC purchased a new position in shares of NCR in the 2nd quarter valued at approximately $3,775,000. Institutional investors own 90.38% of the company’s stock.
Shares of NCR (NYSE NCR) opened at $36.57 on Tuesday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.01 and a current ratio of 1.42. NCR has a 12-month low of $29.20 and a 12-month high of $49.90. The firm has a market capitalization of $4,468.84, a PE ratio of 22.16 and a beta of 1.82.
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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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