Zacks: Analysts Expect NCR Corporation (NCR) Will Post Quarterly Sales of $1.74 Billion
Analysts expect that NCR Corporation (NYSE:NCR) will report $1.74 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for NCR Corporation’s earnings. The lowest sales estimate is $1.73 billion and the highest is $1.76 billion. NCR Corporation posted sales of $1.80 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3.3%. The firm is scheduled to issue its next earnings results on Thursday, February 8th.
On average, analysts expect that NCR Corporation will report full-year sales of $1.74 billion for the current fiscal year, with estimates ranging from $6.47 billion to $6.49 billion. For the next fiscal year, analysts expect that the firm will post sales of $6.62 billion per share, with estimates ranging from $6.57 billion to $6.71 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for NCR Corporation.
NCR Corporation (NYSE:NCR) last released its earnings results on Thursday, October 19th. The information technology services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.03. NCR Corporation had a net margin of 5.11% and a return on equity of 84.72%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the company earned $0.87 EPS. NCR Corporation’s revenue for the quarter was down .8% on a year-over-year basis.
Several analysts have commented on NCR shares. Zacks Investment Research upgraded shares of NCR Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of NCR Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated an “average” rating and issued a $44.00 price target on shares of NCR Corporation in a research note on Friday, October 20th. They noted that the move was a valuation call. J P Morgan Chase & Co set a $45.00 price target on shares of NCR Corporation and gave the stock a “buy” rating in a research note on Saturday, October 21st. Finally, TheStreet upgraded shares of NCR Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $47.57.
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NCR Corporation (NCR) opened at $30.75 on Tuesday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.01 and a current ratio of 1.42. NCR Corporation has a one year low of $29.92 and a one year high of $49.90. The firm has a market cap of $3,756.31, a price-to-earnings ratio of 9.18 and a beta of 1.83.
Large investors have recently modified their holdings of the stock. FNY Managed Accounts LLC bought a new position in NCR Corporation during the 2nd quarter valued at about $571,000. James Investment Research Inc. grew its holdings in NCR Corporation by 915.2% during the 2nd quarter. James Investment Research Inc. now owns 33,755 shares of the information technology services provider’s stock valued at $1,378,000 after purchasing an additional 30,430 shares during the last quarter. Nationwide Fund Advisors grew its holdings in NCR Corporation by 9.9% during the 2nd quarter. Nationwide Fund Advisors now owns 776,619 shares of the information technology services provider’s stock valued at $31,717,000 after purchasing an additional 69,694 shares during the last quarter. Royal Bank of Canada grew its holdings in NCR Corporation by 124.0% during the 2nd quarter. Royal Bank of Canada now owns 96,739 shares of the information technology services provider’s stock valued at $3,951,000 after purchasing an additional 53,547 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new position in NCR Corporation during the 1st quarter valued at about $1,124,000. Institutional investors own 86.89% of the company’s stock.
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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