Analysts Anticipate NCR Co. (NYSE:NCR) Will Post Quarterly Sales of $1.62 Billion

Brokerages expect NCR Co. (NYSE:NCR) to post $1.62 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for NCR’s earnings. NCR posted sales of $1.48 billion in the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, August 3rd.

According to Zacks, analysts expect that NCR will report full year sales of $7.02 billion for the current year, with estimates ranging from $6.74 billion to $7.16 billion. For the next fiscal year, analysts forecast that the company will post sales of $7.73 billion, with estimates ranging from $7.20 billion to $8.01 billion. Zacks’ sales averages are an average based on a survey of analysts that cover NCR.

NCR (NYSE:NCR) last released its quarterly earnings results on Tuesday, April 27th. The information technology services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.04. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. NCR had a positive return on equity of 23.42% and a negative net margin of 1.25%.

Several research firms have recently commented on NCR. Benchmark lifted their price objective on NCR from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Morgan Stanley lifted their price objective on NCR from $53.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, May 10th. Wells Fargo & Company lifted their price objective on NCR from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, April 20th. Finally, Oppenheimer lifted their price objective on NCR from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $44.33.

In other NCR news, EVP Adrian Button sold 8,812 shares of NCR stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $45.80, for a total transaction of $403,589.60. Also, COO Owen J. Sullivan sold 102,267 shares of NCR stock in a transaction that occurred on Wednesday, May 19th. The shares were sold at an average price of $47.29, for a total value of $4,836,206.43. Following the sale, the chief operating officer now directly owns 259,615 shares in the company, valued at $12,277,193.35. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Vantage Consulting Group Inc bought a new stake in shares of NCR in the 4th quarter worth approximately $28,000. Carroll Financial Associates Inc. boosted its position in shares of NCR by 44.9% in the 1st quarter. Carroll Financial Associates Inc. now owns 855 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 265 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of NCR by 69.0% in the 1st quarter. Global Retirement Partners LLC now owns 928 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 379 shares in the last quarter. Freedman Financial Associates Inc. bought a new stake in shares of NCR in the 4th quarter worth approximately $50,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of NCR by 165.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,456 shares of the information technology services provider’s stock worth $55,000 after purchasing an additional 908 shares in the last quarter. 91.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of NCR traded down $1.12 during trading hours on Friday, hitting $44.30. The company had a trading volume of 31,091 shares, compared to its average volume of 1,069,268. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of -55.47 and a beta of 1.80. The company’s 50 day moving average is $46.68. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 3.04. NCR has a 52-week low of $16.64 and a 52-week high of $50.00.

About NCR

NCR Corporation provides software and services worldwide. It operates through Banking, Retail, Hospitality, and Telecommunications and Technology segments. The Banking segment offers managed services and ATM-as-a-Service that allow banks to run their end-to-end ATM channels; software, services, and hardware, including interactive teller machines (ITM), as well as recycling, multi-function, and cash dispense ATMs; and digital banking solutions for financial institution's consumer and business customers.

Featured Article: Stock Symbols and CUSIP Explained

Get a free copy of the Zacks research report on NCR (NCR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.