Zacks: Brokerages Expect NCR Co. (NCR) Will Post Quarterly Sales of $1.79 Billion

Analysts forecast that NCR Co. (NYSE:NCR) will post $1.79 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for NCR’s earnings. The lowest sales estimate is $1.77 billion and the highest is $1.81 billion. NCR reported sales of $1.78 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that NCR will report full year sales of $6.39 billion for the current financial year, with estimates ranging from $6.37 billion to $6.41 billion. For the next fiscal year, analysts forecast that the company will post sales of $6.50 billion, with estimates ranging from $6.45 billion to $6.57 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover NCR.

NCR (NYSE:NCR) last announced its quarterly 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. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. NCR had a negative net margin of 1.33% and a positive return on equity of 75.44%. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share.

Several brokerages recently weighed in on NCR. Zacks Investment Research reissued a “hold” rating on shares of NCR in a research report on Wednesday, November 14th. ValuEngine raised shares of NCR from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Morgan Stanley cut 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. Royal Bank of Canada raised 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. Finally, DA Davidson raised shares of NCR from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $27.50 to $30.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $36.00.

Large investors have recently bought and sold shares of the business. First Hawaiian Bank grew its position in NCR by 142.7% in the 4th quarter. First Hawaiian Bank now owns 1,648 shares of the information technology services provider’s stock worth $38,000 after purchasing an additional 969 shares during the period. Bell Rock Capital LLC bought a new stake in shares of NCR during the 3rd quarter valued at $118,000. Dorsey & Whitney Trust CO LLC bought a new stake in shares of NCR during the 3rd quarter valued at $222,000. GAM Holding AG bought a new stake in shares of NCR during the 2nd quarter valued at $296,000. Finally, Janney Montgomery Scott LLC grew its position in shares of NCR by 51.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 10,244 shares of the information technology services provider’s stock valued at $291,000 after acquiring an additional 3,493 shares during the period. 95.05% of the stock is owned by institutional investors and hedge funds.

Shares of NCR traded up $0.12 on Friday, hitting $25.95. 837,475 shares of the stock traded hands, compared to its average volume of 1,017,984. The company has a market capitalization of $3.01 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 2.20 and a beta of 1.77. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of 6.43. NCR has a one year low of $20.93 and a one year high of $38.68.

About NCR

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.

Further Reading: What is cost of equity?

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

Earnings History and Estimates 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