Wall Street brokerages forecast that NCR Co. (NYSE:NCR) will report $1.74 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for NCR’s earnings, with the lowest sales estimate coming in at $1.73 billion and the highest estimate coming in at $1.76 billion. NCR posted sales of $1.80 billion in the same quarter last year, which suggests a negative year over year growth rate of 3.3%. The company is expected to issue its next quarterly earnings results after the market closes 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 forecast that the firm will report 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 posted its quarterly earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. NCR had a return on equity of 84.72% and a net margin of 5.11%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the company earned $0.87 EPS. NCR’s revenue for the quarter was down .8% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the business. Aperio Group LLC grew its stake in shares of NCR by 10.0% in the 3rd quarter. Aperio Group LLC now owns 42,660 shares of the information technology services provider’s stock valued at $1,601,000 after purchasing an additional 3,864 shares during the last quarter. Royal Bank of Canada grew its stake in shares of NCR by 124.0% in the 2nd quarter. Royal Bank of Canada now owns 96,739 shares of the information technology services provider’s stock valued at $3,951,000 after purchasing an additional 53,547 shares during the last quarter. Dana Investment Advisors Inc. purchased a new position in shares of NCR in the 2nd quarter valued at approximately $2,361,000. Intrinsic Edge Capital Management LLC purchased a new position in shares of NCR in the 2nd quarter valued at approximately $724,000. Finally, ETF Managers Group LLC purchased a new position in shares of NCR in the 2nd quarter valued at approximately $3,775,000. Institutional investors own 90.38% of the company’s stock.
Shares of NCR (NYSE NCR) opened at $36.57 on Tuesday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.01 and a current ratio of 1.42. NCR has a 12-month low of $29.20 and a 12-month high of $49.90. The firm has a market capitalization of $4,468.84, a PE ratio of 22.16 and a beta of 1.82.
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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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