Analysts Set Expectations for NCR Co.’s FY2017 Earnings (NCR)

NCR Co. (NYSE:NCR) – Equities research analysts at DA Davidson issued their FY2017 earnings estimates for shares of NCR in a research report issued to clients and investors on Tuesday. DA Davidson analyst M. Summerville anticipates that the information technology services provider will post earnings per share of $3.16 for the year. DA Davidson has a “Neutral” rating and a $39.00 price objective on the stock. DA Davidson also issued estimates for NCR’s Q4 2017 earnings at $0.88 EPS, Q1 2018 earnings at $0.56 EPS, Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.96 EPS, Q4 2018 earnings at $1.04 EPS, FY2018 earnings at $3.35 EPS and FY2019 earnings at $3.65 EPS.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered NCR from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. Benchmark restated a “buy” rating and set a $44.00 price target on shares of NCR in a research note on Wednesday. ValuEngine downgraded NCR from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. set a $45.00 target price on NCR and gave the stock a “buy” rating in a report on Saturday, October 21st. Finally, Royal Bank of Canada reaffirmed an “average” rating and set a $44.00 target price on shares of NCR in a report on Friday, October 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. NCR presently has a consensus rating of “Hold” and a consensus price target of $45.13.

Shares of NCR (NYSE NCR) opened at $33.51 on Friday. NCR has a 52 week low of $29.20 and a 52 week high of $49.90. The firm has a market capitalization of $4,191.14, a PE ratio of 10.24 and a beta of 1.83. The company has a current ratio of 1.42, a quick ratio of 1.01 and a debt-to-equity ratio of 3.86.

NCR (NYSE:NCR) last issued its quarterly earnings results on Thursday, February 8th. The information technology services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. NCR had a return on equity of 84.72% and a net margin of 5.11%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The company’s revenue was down 1.1% on a year-over-year basis.

In related news, EVP J. Robert Ciminera sold 1,937 shares of NCR stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $37.36, for a total transaction of $72,366.32. Following the completion of the sale, the executive vice president now owns 6,802 shares of the company’s stock, valued at $254,122.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in NCR by 15.6% in the fourth quarter. Wells Fargo & Company MN now owns 9,281,834 shares of the information technology services provider’s stock valued at $315,488,000 after acquiring an additional 1,253,248 shares during the period. Sterling Capital Management LLC lifted its holdings in NCR by 9.5% in the third quarter. Sterling Capital Management LLC now owns 2,959,613 shares of the information technology services provider’s stock valued at $111,045,000 after acquiring an additional 256,201 shares during the period. Bank of New York Mellon Corp lifted its holdings in NCR by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 2,766,677 shares of the information technology services provider’s stock valued at $103,806,000 after acquiring an additional 36,796 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in NCR by 0.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,263,364 shares of the information technology services provider’s stock valued at $76,932,000 after acquiring an additional 8,650 shares during the period. Finally, Rockefeller Financial Services Inc. lifted its holdings in NCR by 72.4% in the fourth quarter. Rockefeller Financial Services Inc. now owns 1,900,222 shares of the information technology services provider’s stock valued at $64,589,000 after acquiring an additional 798,308 shares during the period. 89.41% of the stock is owned by hedge funds and other institutional investors.

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About NCR

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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