$1.58 Billion in Sales Expected for NCR Co. (NYSE:NCR) This Quarter

Wall Street analysts forecast that NCR Co. (NYSE:NCR) will report sales of $1.58 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for NCR’s earnings. The lowest sales estimate is $1.57 billion and the highest is $1.59 billion. NCR posted sales of $1.54 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The firm is expected to report its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that NCR will report full year sales of $6.51 billion for the current year, with estimates ranging from $6.49 billion to $6.54 billion. For the next fiscal year, analysts forecast that the business will post sales of $6.62 billion, with estimates ranging from $6.57 billion to $6.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow NCR.

NCR (NYSE:NCR) last announced its quarterly earnings data on Tuesday, May 7th. The information technology services provider reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.52 billion. NCR had a negative net margin of 1.09% and a positive return on equity of 91.22%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share.

A number of research firms have weighed in on NCR. JPMorgan Chase & Co. set a €21.00 ($24.42) target price on shares of Signify and gave the stock a “sell” rating in a research note on Monday, March 25th. Zacks Investment Research upgraded shares of Eutelsat Communications from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.29.

In related news, VP Daniel William Campbell sold 31,029 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $29.98, for a total value of $930,249.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP J. Robert Ciminera sold 5,430 shares of NCR stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $28.58, for a total transaction of $155,189.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,098 shares of company stock worth $1,218,161. 1.00% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Carroll Financial Associates Inc. increased its stake in NCR by 998.9% in the second quarter. Carroll Financial Associates Inc. now owns 956 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 869 shares in the last quarter. Tortoise Index Solutions LLC bought a new stake in NCR in the first quarter valued at $47,000. Quantamental Technologies LLC increased its stake in NCR by 71.1% in the first quarter. Quantamental Technologies LLC now owns 2,406 shares of the information technology services provider’s stock valued at $66,000 after purchasing an additional 1,000 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in NCR by 48.7% in the first quarter. Valeo Financial Advisors LLC now owns 2,679 shares of the information technology services provider’s stock valued at $73,000 after purchasing an additional 877 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in NCR by 30.4% in the fourth quarter. Advisor Group Inc. now owns 2,875 shares of the information technology services provider’s stock valued at $66,000 after purchasing an additional 670 shares in the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE NCR traded up $0.18 during midday trading on Friday, reaching $30.86. 599,329 shares of the company were exchanged, compared to its average volume of 1,022,378. The company’s 50-day moving average price is $31.21. The stock has a market capitalization of $3.69 billion, a PE ratio of 11.78, a P/E/G ratio of 2.76 and a beta of 1.63. NCR has a one year low of $20.93 and a one year high of $33.18. The company has a current ratio of 1.27, a quick ratio of 0.90 and a debt-to-equity ratio of 7.31.

About NCR

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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