$0.90 Earnings Per Share Expected for NCR Corporation (NCR) This Quarter
Equities research analysts expect NCR Corporation (NYSE:NCR) to announce earnings per share (EPS) of $0.90 for the current quarter, Zacks reports. Two analysts have made estimates for NCR Corporation’s earnings, with the lowest EPS estimate coming in at $0.89 and the highest estimate coming in at $0.91. NCR Corporation posted earnings per share of $0.87 during the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The business is scheduled to announce its next earnings results on Tuesday, October 24th.
On average, analysts expect that NCR Corporation will report full-year earnings of $3.37 per share for the current fiscal year, with EPS estimates ranging from $3.37 to $3.38. For the next year, analysts anticipate that the business will post earnings of $3.63 per share, with EPS estimates ranging from $3.60 to $3.67. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow NCR Corporation.
NCR Corporation (NYSE:NCR) last released its quarterly 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 analyst estimates of $1.61 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share.
Several analysts have issued reports on NCR shares. Zacks Investment Research cut NCR Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Royal Bank Of Canada restated a “buy” rating on shares of NCR Corporation in a research note on Sunday, July 16th. Compass Point started coverage on NCR Corporation in a research note on Tuesday, July 18th. They set a “buy” rating and a $48.00 price objective on the stock. TheStreet cut NCR Corporation from a “b” rating to a “c+” rating in a research note on Thursday, April 20th. Finally, Benchmark Co. restated a “buy” rating and set a $55.00 price objective on shares of NCR Corporation in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.50.
Several hedge funds have recently made changes to their positions in the company. FNY Partners Fund LP bought a new stake in shares of NCR Corporation during the first quarter worth $107,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of NCR Corporation by 5.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,364 shares of the information technology services provider’s stock worth $108,000 after buying an additional 124 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of NCR Corporation during the first quarter worth $114,000. James Investment Research Inc. bought a new stake in shares of NCR Corporation during the first quarter worth $152,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of NCR Corporation during the first quarter worth $216,000. Institutional investors and hedge funds own 88.01% of the company’s stock.
NCR Corporation (NYSE:NCR) traded up 0.29% on Thursday, reaching $35.14. The company’s stock had a trading volume of 923,908 shares. The firm’s 50 day moving average price is $39.33 and its 200-day moving average price is $42.28. NCR Corporation has a 52 week low of $29.83 and a 52 week high of $49.90. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 20.92 and a beta of 1.88.
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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