Brokerages expect that NCR Co. (NYSE:NCR) will announce $1.77 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for NCR’s earnings, with the highest sales estimate coming in at $1.83 billion and the lowest estimate coming in at $1.72 billion. NCR reported sales of $1.78 billion during the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The firm is scheduled to issue its next earnings report on Thursday, February 14th.
According to Zacks, analysts expect that NCR will report full year sales of $6.41 billion for the current financial year, with estimates ranging from $6.38 billion to $6.44 billion. For the next fiscal year, analysts forecast that the firm will post sales of $6.55 billion, with estimates ranging from $6.46 billion to $6.63 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow NCR.
NCR (NYSE:NCR) last released its earnings results on Tuesday, October 30th. The information technology services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. NCR had a positive return on equity of 71.51% and a negative net margin of 1.33%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $0.93 EPS. NCR’s revenue for the quarter was down 6.8% on a year-over-year basis.
Several research analysts recently commented on NCR shares. Zacks Investment Research raised NCR from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine raised NCR from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Morgan Stanley lowered their target price on NCR from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday. Oppenheimer reissued a “hold” rating on shares of NCR in a research note on Tuesday. Finally, UBS Group cut NCR from an “outperform” rating to a “market perform” rating in a research note on Friday, July 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. NCR presently has an average rating of “Hold” and a consensus price target of $35.80.
NCR traded up $1.18 on Thursday, hitting $28.03. 1,737,578 shares of the company were exchanged, compared to its average volume of 1,162,845. NCR has a twelve month low of $23.41 and a twelve month high of $38.68. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 2.29 and a beta of 1.77. The company has a debt-to-equity ratio of 7.89, a current ratio of 1.46 and a quick ratio of 1.01.
NCR declared that its board has initiated a stock buyback program on Thursday, July 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the information technology services provider to purchase up to 6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. boosted its position in shares of NCR by 164.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 150,024 shares of the information technology services provider’s stock worth $4,498,000 after acquiring an additional 93,205 shares in the last quarter. Cascade Investment Advisors Inc. boosted its position in shares of NCR by 8.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 27,300 shares of the information technology services provider’s stock worth $818,000 after acquiring an additional 2,040 shares in the last quarter. BB&T Securities LLC boosted its position in shares of NCR by 7.6% during the 2nd quarter. BB&T Securities LLC now owns 82,324 shares of the information technology services provider’s stock worth $2,468,000 after acquiring an additional 5,850 shares in the last quarter. Bank of America Corp DE boosted its position in shares of NCR by 48.0% during the 2nd quarter. Bank of America Corp DE now owns 855,791 shares of the information technology services provider’s stock worth $25,656,000 after acquiring an additional 277,513 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of NCR by 5.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 475,481 shares of the information technology services provider’s stock worth $14,255,000 after acquiring an additional 26,199 shares in the last quarter. 91.26% of the stock is owned by institutional investors and hedge funds.
NCR Company Profile
NCR Corporation provides omni-channel technology solutions for businesses to 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, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.
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