$0.52 EPS Expected for NCR Co. (NCR) This Quarter

Equities analysts expect NCR Co. (NYSE:NCR) to report earnings of $0.52 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for NCR’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.60. NCR posted earnings per share of $0.93 during the same quarter last year, which would suggest a negative year over year growth rate of 44.1%. The company is expected to issue its next earnings results on Thursday, October 18th.

On average, analysts expect that NCR will report full-year earnings of $2.61 per share for the current year, with EPS estimates ranging from $2.55 to $2.65. For the next year, analysts expect that the business will post earnings of $2.97 per share, with EPS estimates ranging from $2.75 to $3.08. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow NCR.

NCR (NYSE:NCR) last issued its quarterly earnings results on Thursday, July 26th. The information technology services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.59 billion. NCR had a negative net margin of 0.80% and a positive return on equity of 73.82%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share.

Several analysts have recently issued reports on the stock. Oppenheimer cut shares of NCR from an “outperform” rating to a “market perform” rating and set a $37.00 price target on the stock. in a research report on Friday, July 27th. UBS Group cut shares of NCR from an “outperform” rating to a “market perform” rating in a report on Friday, July 27th. ValuEngine cut shares of NCR from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. TheStreet cut shares of NCR from a “b-” rating to a “c-” rating in a report on Friday, July 27th. Finally, Zacks Investment Research cut shares of NCR from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $38.83.

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its holdings in NCR by 4.8% in the second quarter. Public Employees Retirement System of Ohio now owns 45,393 shares of the information technology services provider’s stock valued at $1,361,000 after acquiring an additional 2,059 shares in the last quarter. California Public Employees Retirement System raised its holdings in NCR by 4.6% during the second quarter. California Public Employees Retirement System now owns 470,887 shares of the information technology services provider’s stock worth $14,117,000 after purchasing an additional 20,728 shares in the last quarter. Lingohr & Partner Asset Management GmbH raised its holdings in NCR by 34.3% during the second quarter. Lingohr & Partner Asset Management GmbH now owns 47,016 shares of the information technology services provider’s stock worth $1,410,000 after purchasing an additional 12,000 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in NCR by 97.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,771 shares of the information technology services provider’s stock worth $413,000 after purchasing an additional 6,799 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings in NCR by 10.0% during the second quarter. Macquarie Group Ltd. now owns 1,305,660 shares of the information technology services provider’s stock worth $39,144,000 after purchasing an additional 118,573 shares in the last quarter. 92.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NCR traded up $0.08 during mid-day trading on Wednesday, hitting $28.11. 839,149 shares of the company’s stock were exchanged, compared to its average volume of 1,420,575. The stock has a market capitalization of $3.26 billion, a PE ratio of 8.78, a P/E/G ratio of 2.66 and a beta of 1.76. NCR has a fifty-two week low of $26.00 and a fifty-two week high of $38.68. The company has a debt-to-equity ratio of 7.89, a quick ratio of 1.01 and a current ratio of 1.46.

NCR announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

NCR Company Profile

NCR Corporation provides omni-channel technology solutions for businesses to connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and applications and application suites for the financial services, retail, hospitality, and small business industries; and cash management software, video banking software, fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing mobile and digital banking applications for the financial services industry.

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Earnings History and Estimates for NCR (NYSE:NCR)

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