NCR Co. Forecasted to Earn Q4 2018 Earnings of $0.74 Per Share (NCR)

NCR Co. (NYSE:NCR) – Equities researchers at Oppenheimer decreased their Q4 2018 earnings estimates for NCR in a research report issued to clients and investors on Wednesday, October 31st. Oppenheimer analyst I. Zaffino now expects that the information technology services provider will post earnings per share of $0.74 for the quarter, down from their previous estimate of $0.89. Oppenheimer currently has a “Hold” rating on the stock.

NCR (NYSE:NCR) last issued its quarterly earnings results on Tuesday, October 30th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. NCR had a positive return on equity of 71.51% and a negative net margin of 1.33%. NCR’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share.



NCR has been the topic of a number of other research reports. ValuEngine upgraded NCR from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 28th. Zacks Investment Research cut NCR from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. UBS Group cut NCR from an “outperform” rating to a “market perform” rating in a research note on Friday, July 27th. Benchmark reissued a “buy” rating and set a $44.00 target price on shares of NCR in a research note on Wednesday, July 25th. Finally, Morgan Stanley cut their target price on NCR from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.80.

NYSE NCR opened at $26.85 on Thursday. The company has a market capitalization of $2.81 billion, a PE ratio of 8.39, a PEG ratio of 2.29 and a beta of 1.77. NCR has a 1-year low of $23.41 and a 1-year high of $38.68. The company has a current ratio of 1.46, a quick ratio of 1.01 and a debt-to-equity ratio of 7.89.

NCR declared that its board has initiated a share buyback plan on Thursday, July 26th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in NCR in the second quarter valued at $202,000. Dorsey & Whitney Trust CO LLC purchased a new position in NCR in the third quarter valued at $222,000. Financial Counselors Inc. boosted its holdings in NCR by 29.6% in the second quarter. Financial Counselors Inc. now owns 9,206 shares of the information technology services provider’s stock valued at $276,000 after purchasing an additional 2,104 shares during the period. GAM Holding AG purchased a new position in NCR in the second quarter valued at $296,000. Finally, BB&T Corp boosted its holdings in NCR by 22.0% in the second quarter. BB&T Corp now owns 13,284 shares of the information technology services provider’s stock valued at $398,000 after purchasing an additional 2,393 shares during the period. 91.26% of the stock is owned by institutional investors and hedge funds.

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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