$0.90 EPS Expected for NCR Corporation (NCR) This Quarter

Wall Street brokerages predict that NCR Corporation (NYSE:NCR) will announce earnings of $0.90 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for NCR Corporation’s earnings, with estimates ranging from $0.89 to $0.91. NCR Corporation reported earnings per share of $0.87 during the same quarter last year, which would suggest a positive year over year growth rate of 3.4%. The company is expected to announce its next earnings report on Tuesday, October 24th.

On average, analysts expect that NCR Corporation will report full year earnings of $3.37 per share for the current fiscal year, with EPS estimates ranging from $3.37 to $3.38. For the next financial year, analysts forecast that the firm will post earnings of $3.63 per share, with EPS estimates ranging from $3.60 to $3.67. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow NCR Corporation.

NCR Corporation (NYSE:NCR) last announced its quarterly earnings results on Thursday, July 20th. The information technology services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. NCR Corporation had a return on equity of 87.62% and a net margin of 4.90%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS.

A number of brokerages have recently issued reports on NCR. TheStreet upgraded shares of NCR Corporation from a “c+” rating to a “b” rating in a research note on Thursday, July 20th. Benchmark Co. reiterated a “buy” rating and set a $55.00 price target on shares of NCR Corporation in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of NCR Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, June 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $51.00 price target on shares of NCR Corporation in a research note on Wednesday, April 12th. Finally, BidaskClub lowered shares of NCR Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. NCR Corporation presently has a consensus rating of “Buy” and an average price target of $46.50.

Shares of NCR Corporation (NCR) opened at 35.87 on Thursday. The firm has a market capitalization of $4.36 billion, a P/E ratio of 22.10 and a beta of 1.88. The firm’s 50-day moving average price is $39.54 and its 200 day moving average price is $42.39. NCR Corporation has a 12 month low of $29.83 and a 12 month high of $49.90.

A number of institutional investors have recently modified their holdings of the company. UBS Group AG raised its position in shares of NCR Corporation by 85.6% in the first quarter. UBS Group AG now owns 77,048 shares of the information technology services provider’s stock valued at $3,520,000 after buying an additional 35,527 shares during the period. Geode Capital Management LLC raised its position in shares of NCR Corporation by 15.9% in the first quarter. Geode Capital Management LLC now owns 971,310 shares of the information technology services provider’s stock valued at $44,369,000 after buying an additional 133,110 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of NCR Corporation by 54.0% in the first quarter. TIAA CREF Investment Management LLC now owns 1,366,454 shares of the information technology services provider’s stock valued at $62,420,000 after buying an additional 479,003 shares during the period. Globeflex Capital L P bought a new position in shares of NCR Corporation during the first quarter valued at approximately $273,000. Finally, Neuberger Berman Group LLC raised its position in shares of NCR Corporation by 9.1% in the first quarter. Neuberger Berman Group LLC now owns 2,698,990 shares of the information technology services provider’s stock valued at $123,290,000 after buying an additional 224,002 shares during the period. 88.01% of the stock is owned by hedge funds and other institutional investors.

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About NCR Corporation

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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Earnings History and Estimates for NCR Corporation (NYSE:NCR)

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