Wall Street brokerages forecast that NCR Co. (NYSE:NCR) will report $0.83 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for NCR’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.74. NCR reported earnings of $0.92 per share during the same quarter last year, which would indicate a negative year over year growth rate of 9.8%. The business is expected to announce its next quarterly earnings report on Thursday, February 14th.
On average, analysts expect that NCR will report full-year earnings of $2.62 per share for the current year, with EPS estimates ranging from $2.55 to $2.69. For the next financial year, analysts expect that the company will report earnings of $2.89 per share, with EPS estimates ranging from $2.75 to $3.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for NCR.
NCR (NYSE:NCR) last issued its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates 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 company earned $0.93 earnings per share.
NCR has been the topic of a number of research analyst reports. Zacks Investment Research raised NCR from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine lowered NCR from a “sell” rating to a “strong sell” rating in a report on Friday, October 12th. Morgan Stanley lowered their price target on NCR from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 31st. Finally, Oppenheimer reissued a “hold” rating on shares of NCR in a report on Tuesday, October 30th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $35.80.
Hedge funds have recently made changes to their positions in the stock. Bell Rock Capital LLC bought a new position in NCR during the third quarter valued at about $118,000. Janney Montgomery Scott LLC bought a new position in NCR during the second quarter valued at about $202,000. Dorsey & Whitney Trust CO LLC bought a new position in NCR during the third quarter valued at about $222,000. Financial Counselors Inc. boosted its stake in NCR by 29.6% during the second quarter. Financial Counselors Inc. now owns 9,206 shares of the information technology services provider’s stock valued at $276,000 after buying an additional 2,104 shares in the last quarter. Finally, GAM Holding AG bought a new position in NCR during the second quarter valued at about $296,000. 95.07% of the stock is owned by institutional investors and hedge funds.
Shares of NCR traded down $0.94 during trading hours on Friday, reaching $25.80. 621,889 shares of the company’s stock traded hands, compared to its average volume of 779,416. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 2.46 and a beta of 1.77. The company has a debt-to-equity ratio of 6.43, a quick ratio of 0.97 and a current ratio of 1.42. NCR has a twelve month low of $23.41 and a twelve month high of $38.68.
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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