NCR Co. (NYSE:NCR) Expected to Post Earnings of $0.64 Per Share

Wall Street analysts forecast that NCR Co. (NYSE:NCRGet Rating) will announce earnings of $0.64 per share for the current quarter, Zacks reports. Three analysts have made estimates for NCR’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.65. NCR posted earnings of $0.51 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 25.5%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that NCR will report full year earnings of $3.39 per share for the current year, with EPS estimates ranging from $3.31 to $3.45. For the next financial year, analysts forecast that the company will report earnings of $4.03 per share, with EPS estimates ranging from $3.95 to $4.10. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for NCR.

NCR (NYSE:NCRGet Rating) last released its quarterly earnings results on Tuesday, February 8th. The information technology services provider reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.05. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.05 billion. NCR had a net margin of 1.36% and a return on equity of 30.86%. NCR’s revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 earnings per share.

Several equities research analysts recently weighed in on NCR shares. StockNews.com started coverage on NCR in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet upgraded shares of NCR from a “c” rating to a “b-” rating in a research note on Wednesday, February 9th. Finally, Zacks Investment Research lowered shares of NCR from a “hold” rating to a “sell” rating and set a $46.00 price objective on the stock. in a research note on Thursday, February 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $53.29.

In other NCR news, EVP Adrian Button sold 21,712 shares of the firm’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $42.21, for a total transaction of $916,463.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in NCR. BlackRock Inc. raised its position in NCR by 6.2% in the fourth quarter. BlackRock Inc. now owns 11,290,097 shares of the information technology services provider’s stock worth $453,862,000 after acquiring an additional 658,058 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of NCR in the 4th quarter worth $257,631,000. River Road Asset Management LLC lifted its position in NCR by 13.9% during the third quarter. River Road Asset Management LLC now owns 6,243,247 shares of the information technology services provider’s stock valued at $241,988,000 after purchasing an additional 764,122 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in NCR by 96.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 5,423,908 shares of the information technology services provider’s stock valued at $218,041,000 after purchasing an additional 2,668,255 shares during the period. Finally, State Street Corp increased its position in NCR by 2.6% in the fourth quarter. State Street Corp now owns 4,517,864 shares of the information technology services provider’s stock worth $181,618,000 after buying an additional 115,857 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

Shares of NYSE:NCR traded up $0.78 during trading on Monday, hitting $41.21. The stock had a trading volume of 855,795 shares, compared to its average volume of 1,308,659. The company has a market capitalization of $5.60 billion, a PE ratio of 71.05 and a beta of 1.62. The company has a quick ratio of 0.76, a current ratio of 1.02 and a debt-to-equity ratio of 4.37. The firm’s fifty day moving average is $40.00 and its 200 day moving average is $40.63. NCR has a 12 month low of $34.30 and a 12 month high of $50.00.

About NCR (Get Rating)

NCR Corporation provides various software and services worldwide. It operates through Payments & Network, Digital Banking, Self-Service Banking, Retail, and Hospitality segments. The company offers managed services and ATM-as-a-Service that allow banks to run their end-to-end ATM channels; software, services, and hardware, including interactive teller machines (ITM), as well as recycling, multi-function, and cash dispense ATMs; and digital banking solutions for financial institution's consumer and business customers.

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