Q4 2018 EPS Estimates for NCR Co. Reduced by DA Davidson (NCR)

NCR Co. (NYSE:NCR) – Research analysts at DA Davidson dropped their Q4 2018 earnings estimates for shares of NCR in a research report issued on Wednesday, October 31st. DA Davidson analyst M. Summerville now anticipates that the information technology services provider will earn $0.77 per share for the quarter, down from their previous estimate of $0.79. DA Davidson also issued estimates for NCR’s Q2 2019 earnings at $0.68 EPS, Q4 2019 earnings at $0.90 EPS, Q1 2020 earnings at $0.61 EPS, Q2 2020 earnings at $0.82 EPS and Q3 2020 earnings at $0.92 EPS.

NCR (NYSE:NCR) last posted its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. NCR had a positive return on equity of 75.44% and a negative net margin of 1.33%. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS.

Other analysts have also recently issued reports about the company. TheStreet cut NCR from a “b-” rating to a “c-” rating in a report on Friday, July 27th. Benchmark reissued a “buy” rating and issued a $44.00 price target on shares of NCR in a report on Wednesday, July 25th. ValuEngine raised NCR from a “strong sell” rating to a “sell” rating in a report on Monday, October 22nd. UBS Group cut NCR from an “outperform” rating to a “market perform” rating in a report on Friday, July 27th. Finally, Zacks Investment Research raised NCR from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $35.80.

NCR opened at $27.50 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.42 and a debt-to-equity ratio of 6.43. The company has a market capitalization of $3.24 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 2.63 and a beta of 1.73. NCR has a 12 month low of $23.41 and a 12 month high of $38.68.

A number of hedge funds have recently modified their holdings of the stock. Eagle Boston Investment Management Inc. raised its holdings in NCR by 3.9% during the second quarter. Eagle Boston Investment Management Inc. now owns 47,669 shares of the information technology services provider’s stock worth $1,429,000 after purchasing an additional 1,809 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings in NCR by 8.1% during the second quarter. Cascade Investment Advisors Inc. now owns 27,300 shares of the information technology services provider’s stock worth $818,000 after purchasing an additional 2,040 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in NCR by 4.8% during the second quarter. Public Employees Retirement System of Ohio now owns 45,393 shares of the information technology services provider’s stock worth $1,361,000 after purchasing an additional 2,059 shares during the last quarter. Arizona State Retirement System raised its holdings in NCR by 2.6% during the second quarter. Arizona State Retirement System now owns 82,133 shares of the information technology services provider’s stock worth $2,462,000 after purchasing an additional 2,063 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in NCR by 6.5% during the second quarter. OLD National Bancorp IN now owns 34,079 shares of the information technology services provider’s stock worth $1,021,000 after purchasing an additional 2,089 shares during the last quarter. 91.26% of the stock is owned by hedge funds and other institutional investors.

NCR declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 26th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the information technology services provider to purchase up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

About NCR

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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Earnings History and Estimates for NCR (NYSE:NCR)

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