Wall Street brokerages expect NCR Corporation (NYSE:NCR) to report sales of $1.68 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for NCR Corporation’s earnings, with the lowest sales estimate coming in at $1.68 billion and the highest estimate coming in at $1.69 billion. NCR Corporation also posted sales of $1.68 billion in the same quarter last year. The firm is expected to issue its next earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that NCR Corporation will report full-year sales of $1.68 billion for the current fiscal year, with estimates ranging from $6.67 billion to $6.69 billion. For the next year, analysts forecast that the business will post sales of $6.84 billion per share, with estimates ranging from $6.77 billion to $6.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for NCR Corporation.

NCR Corporation (NYSE:NCR) last posted its quarterly earnings results on Thursday, July 20th. The information technology services provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. NCR Corporation’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share.

NCR has been the subject of a number of research reports. Zacks Investment Research lowered NCR Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Royal Bank Of Canada reissued a “buy” rating on shares of NCR Corporation in a research note on Sunday, July 16th. Compass Point initiated coverage on NCR Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $48.00 price target for the company. Benchmark Co. reissued a “buy” rating and set a $55.00 price target on shares of NCR Corporation in a research note on Friday, July 21st. Finally, BidaskClub lowered NCR Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. NCR Corporation currently has an average rating of “Buy” and a consensus price target of $47.29.

NCR Corporation (NYSE:NCR) opened at 35.65 on Wednesday. The firm’s 50-day moving average price is $37.99 and its 200 day moving average price is $41.74. NCR Corporation has a 52 week low of $29.83 and a 52 week high of $49.90. The firm has a market cap of $4.33 billion, a P/E ratio of 21.97 and a beta of 1.88.

Large investors have recently modified their holdings of the stock. Elkfork Partners LLC increased its stake in shares of NCR Corporation by 87.9% in the first quarter. Elkfork Partners LLC now owns 38,836 shares of the information technology services provider’s stock worth $1,774,000 after buying an additional 18,172 shares during the period. Bbva Compass Bancshares Inc. increased its stake in shares of NCR Corporation by 6.9% in the first quarter. Bbva Compass Bancshares Inc. now owns 9,622 shares of the information technology services provider’s stock worth $439,000 after buying an additional 618 shares during the period. Algert Global LLC increased its stake in shares of NCR Corporation by 14.5% in the first quarter. Algert Global LLC now owns 54,611 shares of the information technology services provider’s stock worth $2,495,000 after buying an additional 6,934 shares during the period. First Trust Advisors LP increased its stake in shares of NCR Corporation by 0.3% in the first quarter. First Trust Advisors LP now owns 346,924 shares of the information technology services provider’s stock worth $15,847,000 after buying an additional 1,123 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of NCR Corporation during the first quarter worth about $668,000. Institutional investors and hedge funds own 88.05% of the company’s stock.

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NCR Corporation Company Profile

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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Earnings History and Estimates for NCR Corporation (NYSE:NCR)

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