NCR Corporation (NCR) Expected to Announce Quarterly Sales of $1.74 Billion
Wall Street brokerages forecast that NCR Corporation (NYSE:NCR) will announce $1.74 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for NCR Corporation’s earnings, with the lowest sales estimate coming in at $1.73 billion and the highest estimate coming in at $1.76 billion. NCR Corporation posted sales of $1.80 billion during the same quarter last year, which suggests a negative year over year growth rate of 3.3%. The firm is expected to report its next earnings results on Thursday, February 8th.
On average, analysts expect that NCR Corporation will report full-year sales of $1.74 billion for the current financial year, with estimates ranging from $6.47 billion to $6.49 billion. For the next financial year, analysts expect that the business will report sales of $6.68 billion per share, with estimates ranging from $6.57 billion to $6.87 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow 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 84.72% 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.
NCR has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NCR Corporation in a research report on Sunday, July 16th. Compass Point initiated coverage on NCR Corporation in a research report on Tuesday, July 18th. They set a “buy” rating and a $48.00 price objective on the stock. Zacks Investment Research cut NCR Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday. Morgan Stanley lowered their price objective on NCR Corporation from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, October 20th. Finally, Benchmark Co. reaffirmed a “buy” rating and set a $55.00 price objective on shares of NCR Corporation in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. NCR Corporation has a consensus rating of “Hold” and an average price target of $45.38.
A number of hedge funds and other institutional investors have recently bought and sold shares of NCR. BlackRock Inc. lifted its holdings in NCR Corporation by 7,816.4% in the 1st quarter. BlackRock Inc. now owns 10,676,674 shares of the information technology services provider’s stock worth $487,709,000 after purchasing an additional 10,541,807 shares in the last quarter. Morgan Stanley lifted its holdings in NCR Corporation by 239.9% in the 1st quarter. Morgan Stanley now owns 1,000,742 shares of the information technology services provider’s stock worth $45,713,000 after purchasing an additional 706,292 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in NCR Corporation by 3,424.9% in the 2nd quarter. Janus Henderson Group PLC now owns 214,382 shares of the information technology services provider’s stock worth $8,755,000 after purchasing an additional 208,300 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in NCR Corporation in the 2nd quarter worth approximately $7,810,000. Finally, Geode Capital Management LLC lifted its holdings in NCR Corporation by 15.9% in the 1st quarter. Geode Capital Management LLC now owns 971,310 shares of the information technology services provider’s stock worth $44,369,000 after purchasing an additional 133,110 shares in the last quarter. 88.02% of the stock is currently owned by institutional investors.
Shares of NCR Corporation (NYSE:NCR) traded down 1.82% during midday trading on Wednesday, hitting $31.80. The stock had a trading volume of 1,945,127 shares. NCR Corporation has a 12 month low of $31.40 and a 12 month high of $49.90. The stock’s 50 day moving average price is $36.55 and its 200 day moving average price is $38.91. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 19.59 and a beta of 1.91.
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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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