NCR (NCR) Announces Earnings Results, Beats Estimates By $0.02 EPS

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.



In other NCR news, EVP J. Robert Ciminera sold 17,298 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $27.50, for a total value of $475,695.00. Following the completion of the sale, the executive vice president now directly owns 2,495 shares of the company’s stock, valued at approximately $68,612.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Adrian Button sold 3,645 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $28.53, for a total transaction of $103,991.85. Following the completion of the sale, the senior vice president now directly owns 26,561 shares of the company’s stock, valued at $757,785.33. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This news story was reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://dakotafinancialnews.com/2019/02/09/ncr-ncr-announces-earnings-results-beats-estimates-by-0-02-eps.html.

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.

Recommended Story: What are retained earnings?

Earnings History for NCR (NYSE:NCR)

Receive News & Ratings for NCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply