Brokers Set Expectations for NCR Co.’s Q1 2019 Earnings (NCR)

NCR Co. (NYSE:NCR) – Equities researchers at DA Davidson raised their Q1 2019 EPS estimates for shares of NCR in a research report issued on Thursday, November 8th. DA Davidson analyst M. Summerville now anticipates that the information technology services provider will post earnings per share of $0.50 for the quarter, up from their prior forecast of $0.49. DA Davidson also issued estimates for NCR’s Q2 2019 earnings at $0.64 EPS, FY2019 earnings at $2.80 EPS, Q1 2020 earnings at $0.58 EPS, Q2 2020 earnings at $0.73 EPS and FY2020 earnings at $3.15 EPS.

NCR (NYSE:NCR) last released its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. NCR had a positive return on equity of 75.44% and a negative net margin of 1.33%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company posted $0.93 EPS. NCR’s revenue for the quarter was down 6.8% on a year-over-year basis.

NCR has been the subject of a number of other reports. ValuEngine upgraded NCR from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Morgan Stanley decreased their price objective on NCR from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 31st. Oppenheimer lowered NCR from an “outperform” rating to a “market perform” rating and set a $37.00 price objective for the company. in a research report on Friday, July 27th. UBS Group lowered NCR from an “outperform” rating to a “market perform” rating in a research report on Friday, July 27th. Finally, TheStreet lowered NCR from a “b-” rating to a “c-” rating in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $35.80.

Shares of NYSE NCR opened at $27.79 on Friday. NCR has a one year low of $23.41 and a one year high of $38.68. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 2.67 and a beta of 1.73. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.42 and a quick ratio of 0.97.

NCR announced that its board has authorized a share buyback program on Thursday, July 26th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the information technology services provider to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Eagle Boston Investment Management Inc. raised its stake in shares of NCR by 3.9% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 47,669 shares of the information technology services provider’s stock worth $1,429,000 after purchasing an additional 1,809 shares in the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of NCR by 8.1% during the 2nd 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 in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of NCR by 4.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 45,393 shares of the information technology services provider’s stock worth $1,361,000 after purchasing an additional 2,059 shares in the last quarter. Arizona State Retirement System raised its stake in shares of NCR by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 82,133 shares of the information technology services provider’s stock worth $2,462,000 after purchasing an additional 2,063 shares in the last quarter. Finally, OLD National Bancorp IN raised its stake in shares of NCR by 6.5% during the 2nd quarter. OLD National Bancorp IN now owns 34,079 shares of the information technology services provider’s stock worth $1,021,000 after purchasing an additional 2,089 shares in the last quarter. Hedge funds and other institutional investors own 91.28% 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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Earnings History and Estimates for NCR (NYSE:NCR)

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