NCR (NYSE:NCR) released its earnings results on Thursday. The information technology services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06, reports. NCR had a return on equity of 86.80% and a net margin of 2.47%. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the business posted $0.58 EPS. NCR’s quarterly revenue was up 15.0% compared to the same quarter last year. NCR updated its FY19 guidance to $2.75-2.85 EPS.

Shares of NYSE NCR traded up $1.44 during mid-day trading on Friday, hitting $31.46. The company had a trading volume of 2,374,264 shares, compared to its average volume of 956,911. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 12.01 and a beta of 1.62. NCR has a 12 month low of $20.93 and a 12 month high of $35.08. The company has a debt-to-equity ratio of 6.05, a current ratio of 1.32 and a quick ratio of 0.94. The firm’s 50 day simple moving average is $30.14 and its two-hundred day simple moving average is $30.85.

A number of research analysts have commented on NCR shares. Morgan Stanley increased their target price on NCR from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday. Benchmark set a $40.00 target price on NCR and gave the stock a “buy” rating in a report on Wednesday, July 31st. ValuEngine downgraded NCR from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Wells Fargo & Co started coverage on NCR in a report on Wednesday, September 18th. They set an “outperform” rating and a $45.00 target price on the stock. Finally, TheStreet raised NCR from a “c” rating to a “b” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. NCR currently has an average rating of “Hold” and an average target price of $38.00.

In related news, major shareholder Ncr Holdco L.P. Blackstone sold 9,129,966 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $32.75, for a total value of $299,006,386.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP J. Robert Ciminera sold 16,888 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $30.32, for a total value of $512,044.16. Following the completion of the sale, the executive vice president now directly owns 33,278 shares in the company, valued at approximately $1,008,988.96. The disclosure for this sale can be found here. In the last three months, insiders sold 9,175,687 shares of company stock worth $300,453,197. Company insiders own 1.00% of the company’s stock.

NCR Company Profile

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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 for NCR (NYSE:NCR)

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