FY2017 Earnings Forecast for NCR Corporation Issued By Northcoast Research (NCR)
NCR Corporation (NYSE:NCR) – Stock analysts at Northcoast Research dropped their FY2017 EPS estimates for shares of NCR Corporation in a research note issued on Friday. Northcoast Research analyst K. Mehta now forecasts that the information technology services provider will post earnings per share of $3.16 for the year, down from their prior estimate of $3.37. Northcoast Research also issued estimates for NCR Corporation’s FY2018 earnings at $3.30 EPS.
NCR Corporation (NYSE:NCR) last issued its earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.03. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. NCR Corporation had a return on equity of 89.68% and a net margin of 5.11%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share.
NCR has been the subject of a number of other research reports. Zacks Investment Research upgraded NCR Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub cut NCR Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada restated an “average” rating and issued a $44.00 target price on shares of NCR Corporation in a research note on Friday. They noted that the move was a valuation call. J P Morgan Chase & Co set a $45.00 target price on NCR Corporation and gave the company a “buy” rating in a research note on Saturday. Finally, TheStreet upgraded NCR Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. NCR Corporation has a consensus rating of “Hold” and a consensus target price of $45.38.
Shares of NCR Corporation (NYSE NCR) opened at 33.05 on Monday. The firm has a 50-day moving average price of $36.76 and a 200-day moving average price of $39.15. The company has a market capitalization of $4.02 billion, a P/E ratio of 20.36 and a beta of 1.91. NCR Corporation has a one year low of $29.98 and a one year high of $49.90.
A number of hedge funds have recently bought and sold shares of NCR. UBS Asset Management Americas Inc. increased its position in NCR Corporation by 6.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 106,081 shares of the information technology services provider’s stock valued at $4,846,000 after buying an additional 6,219 shares in the last quarter. Victory Capital Management Inc. bought a new position in NCR Corporation during the 1st quarter valued at approximately $871,000. OppenheimerFunds Inc. increased its position in NCR Corporation by 12.8% during the 1st quarter. OppenheimerFunds Inc. now owns 36,950 shares of the information technology services provider’s stock valued at $1,688,000 after buying an additional 4,189 shares in the last quarter. Wellington Management Group LLP bought a new position in NCR Corporation during the 1st quarter valued at approximately $1,413,000. Finally, Teachers Advisors LLC increased its position in NCR Corporation by 8.4% during the 1st quarter. Teachers Advisors LLC now owns 621,375 shares of the information technology services provider’s stock valued at $28,384,000 after buying an additional 48,025 shares in the last quarter. 88.13% of the stock is owned by institutional investors.
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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