NCR Co. (NYSE:NCR) Expected to Announce Quarterly Sales of $1.33 Billion

Analysts forecast that NCR Co. (NYSE:NCR) will announce sales of $1.33 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for NCR’s earnings, with the highest sales estimate coming in at $1.39 billion and the lowest estimate coming in at $1.28 billion. NCR posted sales of $1.71 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 22.2%. The firm is expected to issue its next earnings report on Tuesday, August 4th.

On average, analysts expect that NCR will report full year sales of $6.13 billion for the current financial year, with estimates ranging from $6.00 billion to $6.29 billion. For the next financial year, analysts expect that the firm will report sales of $6.52 billion, with estimates ranging from $6.44 billion to $6.63 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow NCR.

NCR (NYSE:NCR) last announced its earnings results on Thursday, April 30th. The information technology services provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. NCR had a return on equity of 46.19% and a net margin of 6.84%. NCR’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share.

Several equities research analysts have commented on NCR shares. DA Davidson cut their price target on shares of NCR from $41.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, April 3rd. Benchmark cut their price target on shares of NCR from $43.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Morgan Stanley dropped their target price on shares of NCR from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. JPMorgan Chase & Co. dropped their target price on shares of NCR from $32.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $28.00 target price on shares of NCR in a report on Thursday, April 23rd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.13.

Shares of NYSE NCR opened at $17.60 on Friday. The company has a fifty day moving average price of $18.44 and a 200 day moving average price of $24.15. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 4.31. NCR has a 1-year low of $10.55 and a 1-year high of $35.87. The firm has a market cap of $2.25 billion, a PE ratio of 5.45 and a beta of 1.69.

In other NCR news, CAO Beth Potter sold 19,534 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $19.95, for a total transaction of $389,703.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Profund Advisors LLC boosted its position in shares of NCR by 4.2% during the 4th quarter. Profund Advisors LLC now owns 9,795 shares of the information technology services provider’s stock worth $344,000 after acquiring an additional 395 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in NCR by 1.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 46,814 shares of the information technology services provider’s stock valued at $829,000 after purchasing an additional 641 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in NCR by 54.6% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,957 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 691 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in NCR by 8.6% in the 1st quarter. Valeo Financial Advisors LLC now owns 10,410 shares of the information technology services provider’s stock valued at $203,000 after purchasing an additional 828 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in NCR in the 4th quarter valued at approximately $8,245,000. Hedge funds and other institutional investors own 90.05% 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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