Analysts Expect NCR Co. (NYSE:NCR) Will Post Earnings of $0.62 Per Share

Wall Street brokerages expect that NCR Co. (NYSE:NCRGet Rating) will announce earnings of $0.62 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for NCR’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.53. NCR also posted earnings of $0.62 per share during the same quarter last year. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that NCR will report full year earnings of $2.91 per share for the current financial year, with EPS estimates ranging from $2.64 to $3.35. For the next year, analysts forecast that the business will report earnings of $3.78 per share, with EPS estimates ranging from $3.40 to $4.36. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover NCR.

NCR (NYSE:NCRGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The information technology services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). NCR had a net margin of 0.44% and a return on equity of 26.82%. During the same quarter last year, the business posted $0.51 earnings per share.

A number of brokerages recently weighed in on NCR. StockNews.com began coverage on shares of NCR in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Morgan Stanley reduced their price objective on shares of NCR from $61.00 to $40.00 in a research note on Wednesday, April 27th. Royal Bank of Canada reduced their price objective on shares of NCR from $54.00 to $44.00 in a research note on Wednesday, April 27th. Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “sell” rating and set a $46.00 price objective for the company. in a research note on Thursday, February 10th. Finally, TheStreet downgraded shares of NCR from a “b-” rating to a “c” rating in a research note on Tuesday, April 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, NCR has a consensus rating of “Buy” and an average price target of $46.25.

Shares of NYSE NCR opened at $34.86 on Monday. The firm has a market cap of $4.76 billion, a PE ratio of 316.91 and a beta of 1.59. The company has a current ratio of 1.05, a quick ratio of 0.77 and a debt-to-equity ratio of 4.16. NCR has a 1-year low of $28.00 and a 1-year high of $50.00. The company has a fifty day moving average price of $38.55 and a 200 day moving average price of $40.11.

In other NCR news, EVP Adrian Button sold 21,712 shares of the stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $42.21, for a total value of $916,463.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.10% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in NCR. Brookfield Asset Management Inc. boosted its position in shares of NCR by 152.4% during the 3rd quarter. Brookfield Asset Management Inc. now owns 70,031 shares of the information technology services provider’s stock worth $2,714,000 after acquiring an additional 42,285 shares in the last quarter. Putnam Investments LLC boosted its position in shares of NCR by 12.3% during the 3rd quarter. Putnam Investments LLC now owns 420,662 shares of the information technology services provider’s stock worth $16,305,000 after acquiring an additional 46,237 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of NCR during the 4th quarter worth approximately $218,000. Capital Research Global Investors boosted its position in shares of NCR by 10.6% during the 3rd quarter. Capital Research Global Investors now owns 1,160,000 shares of the information technology services provider’s stock worth $44,962,000 after acquiring an additional 111,500 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of NCR during the 4th quarter worth approximately $294,000. Hedge funds and other institutional investors own 90.33% of the company’s stock.

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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