Analysts Anticipate NCR Corporation (NCR) Will Post Earnings of $1.11 Per Share
Brokerages expect NCR Corporation (NYSE:NCR) to post earnings per share of $1.11 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for NCR Corporation’s earnings, with the highest EPS estimate coming in at $1.14 and the lowest estimate coming in at $1.10. NCR Corporation reported earnings of $1.07 per share during the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The firm is expected to announce its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that NCR Corporation will report full-year earnings of $3.21 per share for the current year, with EPS estimates ranging from $3.14 to $3.38. For the next fiscal year, analysts anticipate that the company will report earnings of $3.38 per share, with EPS estimates ranging from $3.27 to $3.67. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover NCR Corporation.
NCR Corporation (NYSE:NCR) last announced its quarterly earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. NCR Corporation had a return on equity of 89.68% and a net margin of 5.11%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The company’s revenue was down .8% on a year-over-year basis.
A number of research firms recently commented on NCR. Zacks Investment Research raised NCR Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub cut NCR Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reissued an “average” rating and issued a $44.00 price target on shares of NCR Corporation in a report on Friday. They noted that the move was a valuation call. J P Morgan Chase & Co set a $45.00 price target on NCR Corporation and gave the stock a “buy” rating in a report on Saturday. Finally, TheStreet raised NCR Corporation from a “c+” rating to a “b” rating in a report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.38.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its position in shares of NCR Corporation by 85.6% during the 1st quarter. UBS Group AG now owns 77,048 shares of the information technology services provider’s stock valued at $3,520,000 after purchasing an additional 35,527 shares during the last quarter. FNY Managed Accounts LLC bought a new position in shares of NCR Corporation during the 2nd quarter valued at approximately $571,000. Geode Capital Management LLC increased its position in shares of NCR Corporation by 15.9% during the 1st quarter. Geode Capital Management LLC now owns 971,310 shares of the information technology services provider’s stock valued at $44,369,000 after purchasing an additional 133,110 shares during the last quarter. James Investment Research Inc. increased its position in shares of NCR Corporation by 915.2% during the 2nd quarter. James Investment Research Inc. now owns 33,755 shares of the information technology services provider’s stock valued at $1,378,000 after purchasing an additional 30,430 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of NCR Corporation by 9.9% during the 2nd quarter. Nationwide Fund Advisors now owns 776,619 shares of the information technology services provider’s stock valued at $31,717,000 after purchasing an additional 69,694 shares during the last quarter. 88.13% of the stock is currently owned by hedge funds and other institutional investors.
NCR Corporation (NCR) traded down 0.94% on Monday, hitting $32.74. 1,731,255 shares of the company traded hands. The firm’s 50 day moving average price is $36.76 and its 200 day moving average price is $39.15. The firm has a market capitalization of $3.98 billion, a PE ratio of 20.17 and a beta of 1.91. NCR Corporation has a 1-year low of $29.98 and a 1-year high of $49.90.
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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