Wall Street brokerages predict that NCR Co. (NYSE:NCR) will report sales of $1.74 billion for the current fiscal quarter, Zacks reports. Two analysts have made estimates for NCR’s earnings. The highest sales estimate is $1.76 billion and the lowest is $1.73 billion. NCR posted sales of $1.80 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.3%. The business is expected to report its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that NCR will report full year sales of $1.74 billion for the current fiscal year, with estimates ranging from $6.47 billion to $6.49 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $6.62 billion per share, with estimates ranging from $6.57 billion to $6.71 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover NCR.

NCR (NYSE:NCR) last released its quarterly earnings data on Thursday, October 19th. The information technology services provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.90 by $0.03. NCR had a net margin of 5.11% and a return on equity of 84.72%. The business 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 earned $0.87 EPS. The business’s revenue was down .8% on a year-over-year basis.

Several research analysts have commented on the stock. Royal Bank Of Canada reissued an “average” rating and set a $44.00 price objective on shares of NCR in a report on Friday, October 20th. They noted that the move was a valuation call. J P Morgan Chase & Co set a $45.00 price objective on shares of NCR and gave the company a “buy” rating in a report on Saturday, October 21st. BidaskClub downgraded shares of NCR from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Morgan Stanley dropped their price objective on shares of NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. NCR has a consensus rating of “Hold” and a consensus target price of $47.57.

Several large investors have recently made changes to their positions in NCR. Cigna Investments Inc. New bought a new position in shares of NCR in the 2nd quarter valued at about $676,000. First Mercantile Trust Co. bought a new position in shares of NCR in the 2nd quarter valued at about $349,000. Dupont Capital Management Corp lifted its holdings in shares of NCR by 11.9% in the 2nd quarter. Dupont Capital Management Corp now owns 137,347 shares of the information technology services provider’s stock valued at $5,609,000 after acquiring an additional 14,647 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of NCR by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,729,881 shares of the information technology services provider’s stock valued at $111,488,000 after acquiring an additional 65,051 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of NCR in the 2nd quarter valued at about $7,810,000. 89.75% of the stock is owned by hedge funds and other institutional investors.

NCR (NYSE:NCR) opened at $31.61 on Friday. NCR has a 1-year low of $29.20 and a 1-year high of $49.90. The company has a market cap of $3,850.10, a PE ratio of 9.41 and a beta of 1.83. The company has a current ratio of 1.42, a quick ratio of 1.01 and a debt-to-equity ratio of 3.86.

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NCR 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 (NYSE:NCR)

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