$1.61 Billion in Sales Expected for NCR Corporation (NCR) This Quarter
Analysts expect NCR Corporation (NYSE:NCR) to report sales of $1.61 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for NCR Corporation’s earnings. NCR Corporation reported sales of $1.62 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 0.6%. The company is scheduled to issue its next quarterly earnings results on Tuesday, July 25th.
On average, analysts expect that NCR Corporation will report full year sales of $1.61 billion for the current year. For the next fiscal year, analysts expect that the company will report sales of $6.85 billion per share, with estimates ranging from $6.81 billion to $6.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow NCR Corporation.
NCR Corporation (NYSE:NCR) last released its quarterly earnings data on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.10. NCR Corporation had a return on equity of 88.93% and a net margin of 4.49%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company posted $0.38 EPS. The company’s revenue was up 2.4% compared to the same quarter last year.
A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of NCR Corporation from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, June 6th. Royal Bank Of Canada reissued a “buy” rating and issued a $51.00 price objective on shares of NCR Corporation in a research note on Wednesday, April 12th. TheStreet cut shares of NCR Corporation from a “b” rating to a “c+” rating in a research note on Thursday, April 20th. Benchmark Co. assumed coverage on shares of NCR Corporation in a research note on Thursday, April 13th. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, Oppenheimer Holdings, Inc. raised shares of NCR Corporation from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research note on Thursday, March 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $46.29.
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Shares of NCR Corporation (NYSE NCR) opened at 39.93 on Wednesday. The stock has a 50 day moving average price of $40.66 and a 200 day moving average price of $42.91. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 27.94 and a beta of 1.91. NCR Corporation has a 1-year low of $25.20 and a 1-year high of $49.90.
In related news, EVP J. Robert Ciminera sold 3,086 shares of NCR Corporation stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $42.48, for a total value of $131,093.28. Following the transaction, the executive vice president now directly owns 9,888 shares of the company’s stock, valued at $420,042.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in NCR. Teachers Retirement System of The State of Kentucky purchased a new position in shares of NCR Corporation during the first quarter worth about $1,124,000. FNY Partners Fund LP bought a new stake in NCR Corporation during the first quarter worth $107,000. Janus Capital Management LLC boosted its stake in NCR Corporation by 16.2% in the first quarter. Janus Capital Management LLC now owns 193,200 shares of the information technology services provider’s stock worth $8,825,000 after buying an additional 26,900 shares during the last quarter. Gareth Morgan Investments Limited Partnership bought a new stake in NCR Corporation during the first quarter worth $996,000. Finally, Credit Suisse AG boosted its stake in NCR Corporation by 79.6% in the first quarter. Credit Suisse AG now owns 222,053 shares of the information technology services provider’s stock worth $10,143,000 after buying an additional 98,422 shares during the last quarter. 88.27% of the stock is currently owned by institutional investors and hedge funds.
About NCR Corporation
NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.
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