NCR Co. (NYSE:NCR) – Equities research analysts at DA Davidson lifted their Q3 2019 EPS estimates for NCR in a research note issued to investors on Wednesday, October 31st. DA Davidson analyst M. Summerville now forecasts that the information technology services provider will post earnings of $0.83 per share for the quarter, up from their prior estimate of $0.80.
NCR (NYSE:NCR) last posted its earnings results on Tuesday, October 30th. The information technology services provider reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. NCR had a negative net margin of 1.33% and a positive return on equity of 75.44%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $0.93 EPS. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis.
Several other research firms have also recently issued reports on NCR. ValuEngine cut shares of NCR from a “sell” rating to a “strong sell” rating in a research note on Friday, October 12th. Benchmark reaffirmed a “buy” rating and set a $44.00 price target on shares of NCR in a research note on Wednesday, July 25th. Oppenheimer reaffirmed a “hold” rating on shares of NCR in a research note on Tuesday, October 30th. Zacks Investment Research raised shares of NCR from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of NCR from $38.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. NCR has an average rating of “Hold” and an average target price of $35.80.
NCR stock opened at $26.57 on Monday. NCR has a 12-month low of $23.41 and a 12-month high of $38.68. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 2.63 and a beta of 1.73. The company has a debt-to-equity ratio of 6.43, a quick ratio of 0.97 and a current ratio of 1.42.
Several institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new stake in shares of NCR in the second quarter worth approximately $202,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of NCR in the third quarter worth approximately $222,000. Financial Counselors Inc. boosted its position in shares of NCR by 29.6% in the second quarter. Financial Counselors Inc. now owns 9,206 shares of the information technology services provider’s stock worth $276,000 after acquiring an additional 2,104 shares during the last quarter. GAM Holding AG acquired a new stake in shares of NCR in the second quarter worth approximately $296,000. Finally, Bbva Compass Bancshares Inc. boosted its position in shares of NCR by 37.8% in the third quarter. Bbva Compass Bancshares Inc. now owns 12,341 shares of the information technology services provider’s stock worth $350,000 after acquiring an additional 3,388 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors.
NCR announced that its board has initiated a stock buyback program on Thursday, July 26th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
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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