$1.60 Billion in Sales Expected for NCR Co. (NYSE:NCR) This Quarter

Analysts forecast that NCR Co. (NYSE:NCR) will post $1.60 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for NCR’s earnings, with the highest sales estimate coming in at $1.62 billion and the lowest estimate coming in at $1.59 billion. NCR posted sales of $1.55 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The company is scheduled to report its next earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that NCR will report full year sales of $6.60 billion for the current year, with estimates ranging from $6.50 billion to $6.66 billion. For the next year, analysts expect that the company will report sales of $6.70 billion, with estimates ranging from $6.69 billion to $6.75 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow NCR.

NCR (NYSE:NCR) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.10. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.57 billion. NCR had a return on equity of 86.80% and a net margin of 2.47%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share.

A number of equities analysts recently weighed in on NCR shares. Zacks Investment Research lowered shares of NCR from a “hold” rating to a “sell” rating and set a $34.00 target price for the company. in a research note on Wednesday, June 12th. TheStreet raised shares of NCR from a “c” rating to a “b” rating in a report on Tuesday, July 30th. ValuEngine raised shares of NCR from a “hold” rating to a “buy” rating in a report on Monday, July 29th. Morgan Stanley upped their target price on shares of NCR from $28.00 to $31.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, Benchmark set a $40.00 target price on shares of NCR and gave the company a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $34.50.

Shares of NCR stock traded down $1.94 on Monday, hitting $30.97. 50,542 shares of the company’s stock traded hands, compared to its average volume of 743,486. The firm has a 50-day moving average price of $31.13. The company has a market cap of $3.95 billion, a PE ratio of 11.92, a PEG ratio of 2.94 and a beta of 1.61. NCR has a one year low of $20.93 and a one year high of $35.08. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 6.05.

In other NCR news, VP Daniel William Campbell sold 31,029 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $29.98, for a total value of $930,249.42. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

Institutional investors have recently modified their holdings of the business. World Asset Management Inc raised its stake in shares of NCR by 3.8% during the second quarter. World Asset Management Inc now owns 9,214 shares of the information technology services provider’s stock valued at $287,000 after acquiring an additional 338 shares during the last quarter. Aperio Group LLC raised its stake in shares of NCR by 1.2% during the second quarter. Aperio Group LLC now owns 30,312 shares of the information technology services provider’s stock valued at $943,000 after acquiring an additional 345 shares during the last quarter. MetLife Investment Advisors LLC raised its stake in shares of NCR by 0.6% during the first quarter. MetLife Investment Advisors LLC now owns 72,503 shares of the information technology services provider’s stock valued at $1,979,000 after acquiring an additional 429 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of NCR by 2.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 21,990 shares of the information technology services provider’s stock valued at $684,000 after acquiring an additional 440 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of NCR by 3.3% during the second quarter. Advisory Services Network LLC now owns 14,094 shares of the information technology services provider’s stock valued at $438,000 after acquiring an additional 453 shares during the last quarter. Hedge funds and other institutional investors own 94.32% 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 and Estimates for NCR (NYSE:NCR)

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