NCR (NYSE:NCR) Issues Quarterly Earnings Results

NCR (NYSE:NCR) posted its quarterly earnings results on Thursday. The information technology services provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06, reports. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.62 billion. NCR had a return on equity of 86.80% and a net margin of 2.47%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS. NCR updated its FY19 guidance to $2.75-2.85 EPS.

Shares of NCR traded up $1.44 during mid-day trading on Friday, reaching $31.46. The company had a trading volume of 2,374,264 shares, compared to its average volume of 956,911. NCR has a 52-week low of $20.93 and a 52-week high of $35.08. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 6.05. The stock has a market capitalization of $3.88 billion, a P/E ratio of 12.01 and a beta of 1.62. The stock has a 50 day moving average of $30.14 and a two-hundred day moving average of $30.85.

Several analysts have weighed in on the company. Benchmark set a $40.00 price target on NCR and gave the company a “buy” rating in a research note on Wednesday, July 31st. ValuEngine downgraded NCR from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley boosted their price target on NCR from $31.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday. Wells Fargo & Co started coverage on NCR in a research note on Wednesday, September 18th. They issued an “outperform” rating and a $45.00 target price on the stock. Finally, TheStreet upgraded NCR from a “c” rating to a “b” rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $38.00.

In other news, major shareholder Ncr Holdco L.P. Blackstone sold 9,129,966 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $32.75, for a total value of $299,006,386.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP J. Robert Ciminera sold 16,888 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $30.32, for a total value of $512,044.16. Following the completion of the transaction, the executive vice president now directly owns 33,278 shares of the company’s stock, valued at approximately $1,008,988.96. The disclosure for this sale can be found here. Insiders sold 9,175,687 shares of company stock worth $300,453,197 in the last 90 days. Company insiders own 1.00% of the company’s stock.

NCR Company Profile

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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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Earnings History for NCR (NYSE:NCR)

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