NCR (NYSE:NCR) Announces Quarterly Earnings Results

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

NYSE NCR traded up $1.44 on Friday, hitting $31.46. 2,374,264 shares of the company were exchanged, compared to its average volume of 956,911. The firm has a 50 day moving average of $30.14 and a two-hundred day moving average of $30.85. The company has a market cap of $3.88 billion, a P/E ratio of 12.01 and a beta of 1.62. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 6.05. NCR has a 1-year low of $20.93 and a 1-year high of $35.08.

In other NCR news, EVP J. Robert Ciminera sold 16,888 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $30.32, for a total transaction of $512,044.16. Following the transaction, the executive vice president now directly owns 33,278 shares in the company, valued at approximately $1,008,988.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Paul Langenbahn sold 28,833 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.42, for a total transaction of $934,765.86. Following the transaction, the vice president now owns 86,925 shares in the company, valued at $2,818,108.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,175,687 shares of company stock worth $300,453,197. 1.00% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on NCR. Benchmark set a $40.00 target price on shares of NCR and gave the stock a “buy” rating in a report on Wednesday, July 31st. ValuEngine lowered shares of NCR from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Wells Fargo & Co began coverage on shares of NCR in a report on Wednesday, September 18th. They issued an “outperform” rating and a $45.00 target price on the stock. TheStreet raised shares of NCR from a “c” rating to a “b” rating in a report on Tuesday, July 30th. Finally, DA Davidson upped their target price on shares of NCR from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. NCR presently has an average rating of “Hold” and a consensus price target of $38.00.

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 for NCR (NYSE:NCR)

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