NCR (NYSE:NCR) announced its earnings results on Thursday. The information technology services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02, Bloomberg Earnings reports. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.78 billion. NCR had a negative net margin of 1.36% and a positive return on equity of 81.90%. NCR’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. NCR updated its FY 2019 guidance to $2.75-2.85 EPS and its FY19 guidance to $2.75-2.85 EPS.
Shares of NCR opened at $26.42 on Friday. NCR has a 52-week low of $20.93 and a 52-week high of $35.96. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.42 and a quick ratio of 0.97. The stock has a market capitalization of $3.12 billion, a P/E ratio of 10.08, a P/E/G ratio of 2.37 and a beta of 1.89.
NCR has been the subject of a number of recent analyst reports. Zacks Investment Research reiterated a “hold” rating on shares of NCR in a research report on Wednesday, November 14th. ValuEngine lowered shares of NCR from a “sell” rating to a “strong sell” rating in a research report on Friday, October 12th. Morgan Stanley decreased their target price on shares of NCR from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 31st. DA Davidson upgraded shares of NCR from a “neutral” rating to a “buy” rating and increased their target price for the company from $27.50 to $30.00 in a research report on Tuesday, January 8th. Finally, Royal Bank of Canada upgraded shares of NCR from an “outperform” rating to a “top pick” rating and set a $40.00 target price for the company in a research report on Tuesday, December 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. NCR presently has a consensus rating of “Hold” and a consensus price target of $36.00.
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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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