Brokerages Anticipate NCR Co. (NCR) Will Post Earnings of $0.52 Per Share

Wall Street brokerages expect NCR Co. (NYSE:NCR) to post earnings of $0.52 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for NCR’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.60. NCR posted earnings per share of $0.93 during the same quarter last year, which would indicate a negative year-over-year growth rate of 44.1%. The company is expected to announce its next earnings report after the market closes on Tuesday, October 30th.

According to Zacks, analysts expect that NCR will report full year earnings of $2.61 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.65. For the next financial 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 averages are an average based on a survey of sell-side research analysts that that provide coverage for NCR.

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

Several brokerages recently weighed in on NCR. ValuEngine upgraded shares of NCR from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Oppenheimer lowered shares of NCR from an “outperform” rating to a “market perform” rating and set a $37.00 price objective on the stock. in a report on Friday, July 27th. UBS Group lowered shares of NCR from an “outperform” rating to a “market perform” rating in a report on Friday, July 27th. TheStreet lowered shares of NCR from a “b-” rating to a “c-” rating in a report on Friday, July 27th. Finally, Zacks Investment Research upgraded shares of NCR from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $38.83.

Shares of NCR stock traded down $0.02 during trading hours on Friday, reaching $24.75. 1,163,477 shares of the company were exchanged, compared to its average volume of 1,143,646. NCR has a fifty-two week low of $24.15 and a fifty-two week high of $38.68. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 2.73 and a beta of 1.77. The company has a current ratio of 1.46, a quick ratio of 1.01 and a debt-to-equity ratio of 7.89.

NCR declared that its Board of Directors has authorized a stock buyback plan on Thursday, July 26th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Republic Investment Management Inc. lifted its holdings in NCR by 164.0% in the second quarter. First Republic Investment Management Inc. now owns 150,024 shares of the information technology services provider’s stock valued at $4,498,000 after buying an additional 93,205 shares during the period. Cascade Investment Advisors Inc. raised its holdings in NCR by 8.1% in the second quarter. Cascade Investment Advisors Inc. now owns 27,300 shares of the information technology services provider’s stock worth $818,000 after purchasing an additional 2,040 shares during the period. BB&T Securities LLC raised its holdings in NCR by 7.6% in the second quarter. BB&T Securities LLC now owns 82,324 shares of the information technology services provider’s stock worth $2,468,000 after purchasing an additional 5,850 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in NCR by 5.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 475,481 shares of the information technology services provider’s stock worth $14,255,000 after purchasing an additional 26,199 shares during the period. Finally, Lingohr & Partner Asset Management GmbH raised its holdings in NCR by 34.3% in 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 during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

About NCR

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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