$0.52 EPS Expected for NCR Co. (NCR) This Quarter

Brokerages expect that NCR Co. (NYSE:NCR) will report $0.52 earnings per share (EPS) for the current fiscal 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 of $0.93 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 44.1%. The firm is scheduled to announce its next quarterly 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 financial year, with EPS estimates ranging from $2.55 to $2.65. For the next fiscal year, analysts forecast that the company will report earnings of $2.94 per share, with EPS estimates ranging from $2.75 to $3.08. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for NCR.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of NCR from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. ValuEngine upgraded shares of NCR from a “strong sell” rating to a “sell” rating in a report on Monday, October 22nd. TheStreet downgraded shares of NCR from a “b-” rating to a “c-” rating in a report on Friday, July 27th. JPMorgan Chase & Co. lowered their target price on shares of NCR from $38.00 to $35.00 and set an “overweight” rating for the company in a report on Friday, July 27th. Finally, Oppenheimer downgraded shares of NCR from an “outperform” rating to a “market perform” rating and set a $37.00 target price for the company. in a report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. NCR presently has a consensus rating of “Hold” and a consensus price target of $37.80.

Shares of NCR stock traded down $0.06 on Tuesday, hitting $23.75. The stock had a trading volume of 388,810 shares, compared to its average volume of 985,545. The company has a market cap of $2.86 billion, a P/E ratio of 7.42, a P/E/G ratio of 2.33 and a beta of 1.77. The company has a debt-to-equity ratio of 7.89, a current ratio of 1.46 and a quick ratio of 1.01. NCR has a 12-month low of $23.41 and a 12-month high of $38.68.

NCR announced that its Board of Directors has approved a stock buyback plan on Thursday, July 26th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the information technology services provider to buy up to 6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank grew its position in NCR by 6.5% during the first quarter. Amalgamated Bank now owns 26,995 shares of the information technology services provider’s stock valued at $851,000 after buying an additional 1,652 shares during the period. Amundi Pioneer Asset Management Inc. grew its position in NCR by 1.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 97,933 shares of the information technology services provider’s stock valued at $3,086,000 after buying an additional 1,700 shares during the period. Eagle Boston Investment Management Inc. grew its position in NCR by 3.9% during the second quarter. Eagle Boston Investment Management Inc. now owns 47,669 shares of the information technology services provider’s stock valued at $1,429,000 after buying an additional 1,809 shares during the period. Cascade Investment Advisors Inc. grew its position in NCR by 8.1% during the second quarter. Cascade Investment Advisors Inc. now owns 27,300 shares of the information technology services provider’s stock valued at $818,000 after buying an additional 2,040 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in NCR by 4.8% during the second quarter. Public Employees Retirement System of Ohio now owns 45,393 shares of the information technology services provider’s stock valued at $1,361,000 after buying an additional 2,059 shares during the period. Institutional investors own 91.26% of the company’s stock.

NCR Company Profile

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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