Equities analysts expect NCR Corporation (NYSE:NCR) to post sales of $1.68 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for NCR Corporation’s earnings, with estimates ranging from $1.68 billion to $1.69 billion. NCR Corporation also reported sales of $1.68 billion in the same quarter last year. The company is scheduled to report its next earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that NCR Corporation will report full year sales of $1.68 billion for the current year, with estimates ranging from $6.67 billion to $6.69 billion. For the next year, analysts expect that the business will post sales of $6.84 billion per share, with estimates ranging from $6.77 billion to $6.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for NCR Corporation.
NCR Corporation (NYSE:NCR) last announced its earnings results on Thursday, July 20th. The information technology services provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share.
NCR has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $51.00 price target on shares of NCR Corporation in a report on Wednesday, April 12th. Zacks Investment Research raised NCR Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, April 12th. Benchmark Co. initiated coverage on NCR Corporation in a report on Thursday, April 13th. They set a “buy” rating and a $55.00 price target for the company. TheStreet cut NCR Corporation from a “b” rating to a “c+” rating in a report on Thursday, April 20th. Finally, Compass Point initiated coverage on NCR Corporation in a report on Tuesday, July 18th. They set a “buy” rating and a $48.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. NCR Corporation presently has an average rating of “Buy” and an average target price of $46.50.
Shares of NCR Corporation (NYSE NCR) traded up 1.72% during mid-day trading on Friday, hitting $40.29. The stock had a trading volume of 777,739 shares. The firm has a market cap of $4.89 billion, a PE ratio of 24.82 and a beta of 1.90. NCR Corporation has a 52 week low of $26.21 and a 52 week high of $49.90. The stock has a 50 day moving average price of $40.32 and a 200 day moving average price of $42.78.
In other NCR Corporation news, EVP J. Robert Ciminera sold 3,086 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $42.48, for a total value of $131,093.28. Following the completion of the transaction, the executive vice president now owns 9,888 shares of the company’s stock, valued at approximately $420,042.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. First Quadrant L P CA boosted its position in shares of NCR Corporation by 95.9% in the first quarter. First Quadrant L P CA now owns 821,936 shares of the information technology services provider’s stock worth $37,546,000 after buying an additional 402,299 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of NCR Corporation by 87.9% in the first quarter. Glen Harbor Capital Management LLC now owns 30,514 shares of the information technology services provider’s stock worth $1,394,000 after buying an additional 14,278 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of NCR Corporation during the first quarter worth about $4,378,000. Profund Advisors LLC boosted its position in shares of NCR Corporation by 11.1% in the first quarter. Profund Advisors LLC now owns 18,204 shares of the information technology services provider’s stock worth $832,000 after buying an additional 1,823 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of NCR Corporation by 20.9% in the first quarter. Nationwide Fund Advisors now owns 706,925 shares of the information technology services provider’s stock worth $32,292,000 after buying an additional 122,010 shares during the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.
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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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