NCR Corporation (NYSE:NCR) Posts Quarterly Earnings Results
NCR Corporation (NYSE:NCR) issued its earnings results on Thursday. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.04, Bloomberg Earnings reports. NCR Corporation had a return on equity of 88.93% and a net margin of 4.49%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. NCR Corporation updated its Q3 guidance to $0.88-0.93 EPS and its FY17 guidance to $3.32-3.42 EPS.
Shares of NCR Corporation (NYSE:NCR) traded up 1.94% during trading on Thursday, reaching $42.98. The company’s stock had a trading volume of 2,042,731 shares. NCR Corporation has a 12-month low of $26.21 and a 12-month high of $49.90. The company has a market cap of $5.21 billion, a PE ratio of 30.08 and a beta of 1.90. The company has a 50 day moving average of $40.39 and a 200 day moving average of $42.81.
A number of research firms recently issued reports on NCR. Benchmark Co. began coverage on NCR Corporation in a research note on Thursday, April 13th. They set a “buy” rating and a $55.00 price objective on the stock. Zacks Investment Research upgraded 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 reiterated a “buy” rating and set a $51.00 price objective on shares of NCR Corporation in a research note on Friday, May 12th. TheStreet lowered NCR Corporation from a “b” rating to a “c+” rating in a research note on Thursday, April 20th. Finally, Compass Point began coverage on NCR Corporation in a research note on Tuesday. They set a “buy” rating and a $48.00 price objective on the stock. One investment 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. The company has a consensus rating of “Buy” and an average target price of $46.50.
In related news, EVP J. Robert Ciminera sold 3,086 shares of NCR Corporation stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total transaction of $131,093.28. Following the transaction, the executive vice president now directly owns 9,888 shares in the company, valued at $420,042.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.
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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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