NCR (NCR) Updates FY18 Earnings Guidance

NCR (NYSE:NCR) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.55-$2.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.60. NCR also updated its FY 2018 guidance to $2.55-2.75 EPS.

Shares of NYSE NCR traded up $0.01 during mid-day trading on Tuesday, reaching $23.82. The company had a trading volume of 2,745,846 shares, compared to its average volume of 1,145,299. The company has a debt-to-equity ratio of 7.89, a quick ratio of 1.01 and a current ratio of 1.46. NCR has a one year low of $23.41 and a one year high of $38.68. The stock has a market capitalization of $2.86 billion, a P/E ratio of 7.44, a PEG ratio of 2.33 and a beta of 1.77.

NCR (NYSE:NCR) last issued its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. NCR had a positive return on equity of 73.82% and a negative net margin of 0.80%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.93 earnings per share. NCR’s revenue was down 6.8% on a year-over-year basis. Equities research analysts forecast that NCR will post 2.61 earnings per share for the current year.

NCR declared that its Board of Directors has approved a share buyback program on Thursday, July 26th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to buy up to 6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

A number of research analysts recently commented on NCR shares. ValuEngine cut NCR from a sell rating to a strong sell rating in a research report on Friday, October 12th. Benchmark reiterated a buy rating and issued a $44.00 target price on shares of NCR in a research report on Wednesday, July 25th. Zacks Investment Research upgraded NCR from a sell rating to a hold rating in a research report on Tuesday, July 24th. JPMorgan Chase & Co. decreased their target price on NCR from $38.00 to $35.00 and set an overweight rating on the stock in a research report on Friday, July 27th. Finally, TheStreet cut NCR from a b- rating to a c- rating in a research report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $37.80.

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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