NCR Voyix (NYSE:VYX) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

NCR Voyix (NYSE:VYX) released its quarterly earnings data on Tuesday. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07), Briefing.com reports. NCR Voyix had a positive return on equity of 27.60% and a negative net margin of 7.88%. The firm had revenue of $876.00 million during the quarter, compared to analyst estimates of $886.60 million. During the same period last year, the business earned $0.73 EPS. The firm’s revenue was down 7.4% on a year-over-year basis. NCR Voyix updated its FY 2024 guidance to EPS.

NCR Voyix Price Performance

Shares of NYSE:VYX traded up $0.35 on Thursday, reaching $11.33. 2,924,521 shares of the company traded hands, compared to its average volume of 2,431,563. The company has a debt-to-equity ratio of 102.52, a current ratio of 0.93 and a quick ratio of 0.73. The stock has a market capitalization of $1.64 billion, a PE ratio of -3.26 and a beta of 1.64. The company’s 50 day moving average is $13.34 and its 200-day moving average is $13.35. NCR Voyix has a fifty-two week low of $10.94 and a fifty-two week high of $19.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VYX shares. Stephens reaffirmed an “overweight” rating and set a $16.00 price target on shares of NCR Voyix in a report on Monday, May 13th. Royal Bank of Canada cut their target price on NCR Voyix from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Nicolaus assumed coverage on NCR Voyix in a research note on Wednesday, June 12th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of NCR Voyix in a research note on Wednesday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, NCR Voyix has a consensus rating of “Moderate Buy” and an average target price of $17.00.

About NCR Voyix

NCR Voyix Corporation provides various software and services in the United States, the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Retail; Restaurants; and Digital Banking. It offers software, services, and hardware; and digital banking solutions for financial institution's consumer and business customers.