NCR Co. (NCR) Forecasted to Earn Q2 2018 Earnings of $0.74 Per Share

NCR Co. (NYSE:NCR) – Analysts at Oppenheimer issued their Q2 2018 EPS estimates for shares of NCR in a research report issued to clients and investors on Thursday. Oppenheimer analyst I. Zaffino forecasts that the information technology services provider will post earnings of $0.74 per share for the quarter. Oppenheimer also issued estimates for NCR’s Q3 2018 earnings at $0.97 EPS and FY2019 earnings at $3.68 EPS.

Several other research firms have also weighed in on NCR. ValuEngine raised NCR from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. DA Davidson started coverage on NCR in a research report on Wednesday, February 7th. They issued a “neutral” rating and a $39.00 price objective for the company. Zacks Investment Research lowered NCR from a “hold” rating to a “strong sell” rating in a research report on Monday, October 23rd. Morgan Stanley lowered their price objective on NCR from $43.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, October 20th. Finally, Benchmark reissued a “buy” rating and issued a $44.00 price objective on shares of NCR in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $45.25.

NCR (NCR) opened at $30.56 on Monday. NCR has a 12-month low of $29.20 and a 12-month high of $49.90. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.42 and a quick ratio of 1.01. The firm has a market capitalization of $3,720.00, a PE ratio of 41.86, a PEG ratio of 2.30 and a beta of 1.83.

NCR (NYSE:NCR) last announced its earnings results on Thursday, February 8th. The information technology services provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The firm had revenue of $1.78 billion for 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 business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS.

A number of institutional investors have recently modified their holdings of the stock. First Republic Investment Management Inc. increased its position in NCR by 59.8% in the 4th quarter. First Republic Investment Management Inc. now owns 238,044 shares of the information technology services provider’s stock valued at $8,092,000 after buying an additional 89,041 shares in the last quarter. Vantage Financial Partners Ltd. Inc. bought a new stake in NCR in the 4th quarter valued at about $816,000. Baird Financial Group Inc. increased its position in NCR by 15.1% in the 4th quarter. Baird Financial Group Inc. now owns 58,526 shares of the information technology services provider’s stock valued at $1,989,000 after buying an additional 7,688 shares in the last quarter. FDx Advisors Inc. increased its position in NCR by 32.4% in the 4th quarter. FDx Advisors Inc. now owns 55,725 shares of the information technology services provider’s stock valued at $1,894,000 after buying an additional 13,634 shares in the last quarter. Finally, American International Group Inc. increased its position in NCR by 1.5% in the 4th quarter. American International Group Inc. now owns 252,321 shares of the information technology services provider’s stock valued at $8,576,000 after buying an additional 3,757 shares in the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

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

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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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