NCR Corporation (NYSE:NCR) to Post Q3 2017 Earnings of $0.91 Per Share, Oppenheimer Holdings Forecasts
NCR Corporation (NYSE:NCR) – Equities research analysts at Oppenheimer Holdings reduced their Q3 2017 earnings per share estimates for NCR Corporation in a report issued on Friday. Oppenheimer Holdings analyst I. Zaffino now anticipates that the information technology services provider will post earnings of $0.91 per share for the quarter, down from their prior estimate of $0.93. Oppenheimer Holdings also issued estimates for NCR Corporation’s Q4 2017 earnings at $1.10 EPS.
NCR has been the subject of a number of other reports. Benchmark Co. began coverage on shares of NCR Corporation in a research report on Thursday, April 13th. They issued a “buy” rating and a $55.00 price objective for the company. Zacks Investment Research raised shares of NCR Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet raised shares of NCR Corporation from a “c+” rating to a “b” rating in a research report on Thursday, July 20th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $51.00 price objective on shares of NCR Corporation in a research report on Friday, May 12th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $46.50.
NCR Corporation (NYSE NCR) opened at 39.61 on Monday. NCR Corporation has a 12-month low of $26.21 and a 12-month high of $49.90. The company’s 50-day moving average price is $40.32 and its 200-day moving average price is $42.78. The company has a market cap of $4.81 billion, a PE ratio of 24.41 and a beta of 1.90.
NCR Corporation (NYSE:NCR) last posted its quarterly earnings results on Thursday, July 20th. The information technology services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the company posted $0.72 earnings per share. NCR Corporation’s quarterly revenue was down 1.7% on a year-over-year basis.
In other news, EVP J. Robert Ciminera sold 3,086 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $42.48, for a total transaction of $131,093.28. Following the completion of the transaction, the executive vice president now directly owns 9,888 shares of the company’s stock, valued at approximately $420,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Partners Fund LP bought a new position in NCR Corporation during the first quarter worth $107,000. Bronfman E.L. Rothschild L.P. increased its position in 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 in the last quarter. Oppenheimer Asset Management Inc. bought a new position in NCR Corporation during the first quarter worth $114,000. James Investment Research Inc. bought a new position in NCR Corporation during the first quarter worth $152,000. Finally, Highbridge Capital Management LLC bought a new position in NCR Corporation during the first quarter worth $216,000. 88.54% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for NCR Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Corporation and related stocks with our FREE daily email newsletter.