NCR Co. Forecasted to Earn Q1 2018 Earnings of $0.44 Per Share (NCR)

NCR Co. (NYSE:NCR) – Analysts at Northcoast Research issued their Q1 2018 earnings per share estimates for shares of NCR in a report issued on Friday. Northcoast Research analyst K. Mehta expects that the information technology services provider will post earnings of $0.44 per share for the quarter. Northcoast Research also issued estimates for NCR’s Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.94 EPS, Q4 2018 earnings at $1.22 EPS and FY2019 earnings at $3.65 EPS.

Several other analysts also recently commented on NCR. Morgan Stanley reduced their price objective on NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, October 20th. Royal Bank of Canada reaffirmed an “average” rating and set a $44.00 price objective on shares of NCR in a research note on Friday, October 20th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $45.00 price objective on NCR and gave the company a “buy” rating in a research note on Saturday, October 21st. Zacks Investment Research downgraded NCR from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. Finally, ValuEngine raised NCR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $45.25.

Shares of NCR (NYSE NCR) opened at $30.56 on Monday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.01 and a current ratio of 1.42. The company has a market capitalization of $3,720.00, a P/E ratio of 41.86, a price-to-earnings-growth ratio of 2.30 and a beta of 1.83. NCR has a one year low of $29.20 and a one year high of $49.90.

NCR (NYSE:NCR) last posted its quarterly earnings data on Thursday, February 8th. The information technology services provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The firm had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.75 billion. NCR had a return on equity of 82.26% and a net margin of 3.56%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NCR. HighTower Advisors LLC increased its position in NCR by 8.9% during the 2nd 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 period. Royal Bank of Canada increased its position in NCR by 124.0% during the 2nd quarter. Royal Bank of Canada now owns 96,739 shares of the information technology services provider’s stock worth $3,951,000 after purchasing an additional 53,547 shares during the period. Janus Henderson Group PLC increased its position in NCR by 3,424.9% during 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 during the period. Aperio Group LLC increased its position in NCR by 10.0% during the 3rd quarter. Aperio Group LLC now owns 42,660 shares of the information technology services provider’s stock worth $1,601,000 after purchasing an additional 3,864 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in NCR during the 3rd quarter worth approximately $570,000. Institutional investors own 89.41% of the company’s stock.

In other NCR news, EVP J. Robert Ciminera sold 1,937 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $37.36, for a total transaction of $72,366.32. Following the transaction, the executive vice president now owns 6,802 shares in the company, valued at approximately $254,122.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

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About NCR

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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