FY2017 EPS Estimates for NCR Corporation (NCR) Reduced by Analyst
NCR Corporation (NYSE:NCR) – Research analysts at Oppenheimer Holdings decreased their FY2017 earnings per share estimates for NCR Corporation in a research report issued on Friday. Oppenheimer Holdings analyst I. Zaffino now expects that the information technology services provider will post earnings of $3.14 per share for the year, down from their previous estimate of $3.37.
Several other brokerages also recently issued reports on NCR. Royal Bank Of Canada reiterated a “buy” rating on shares of NCR Corporation in a report on Sunday, July 16th. Compass Point initiated coverage on NCR Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $48.00 price target for the company. Morgan Stanley decreased their price target on NCR Corporation from $43.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday. Benchmark Co. reiterated a “buy” rating and set a $55.00 price target on shares of NCR Corporation in a report on Friday, July 21st. Finally, BidaskClub downgraded NCR Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. NCR Corporation currently has a consensus rating of “Hold” and an average target price of $45.38.
NCR Corporation (NCR) opened at 33.05 on Monday. The firm has a market cap of $4.02 billion, a P/E ratio of 20.36 and a beta of 1.91. NCR Corporation has a 52-week low of $29.98 and a 52-week high of $49.90. The firm’s 50-day moving average price is $36.76 and its 200-day moving average price is $39.15.
NCR Corporation (NYSE:NCR) last released its quarterly earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. The business’s revenue was down .8% on a year-over-year basis.
Hedge funds have recently bought and sold shares of the business. FNY Partners Fund LP purchased a new position in NCR Corporation in the first quarter worth $107,000. Oppenheimer Asset Management Inc. purchased a new position in NCR Corporation in the first quarter worth $114,000. Highbridge Capital Management LLC purchased a new position in NCR Corporation in the first quarter worth $216,000. Petrus Trust Company LTA purchased a new position in NCR Corporation in the second quarter worth $233,000. Finally, HighTower Advisors LLC boosted its position in NCR Corporation by 8.9% in the second quarter. HighTower Advisors LLC now owns 6,448 shares of the information technology services provider’s stock worth $261,000 after purchasing an additional 525 shares during the last quarter. 88.13% of the stock is currently owned by institutional investors and hedge funds.
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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