NCR Corporation (NYSE:NCR) posted its quarterly earnings results on Thursday. The information technology services provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04, Bloomberg Earnings reports. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. NCR Corporation had a return on equity of 88.93% and a net margin of 4.49%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. NCR Corporation updated its Q3 guidance to $0.88-0.93 EPS and its FY17 guidance to $3.32-3.42 EPS.

Shares of NCR Corporation (NYSE:NCR) traded up 1.94% during midday trading on Thursday, hitting $42.98. The stock had a trading volume of 2,042,731 shares. The firm has a 50 day moving average price of $40.39 and a 200-day moving average price of $42.81. The stock has a market cap of $5.21 billion, a PE ratio of 30.08 and a beta of 1.90. NCR Corporation has a 52-week low of $26.21 and a 52-week high of $49.90.

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In related news, EVP J. Robert Ciminera sold 3,086 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $42.48, for a total value of $131,093.28. Following the transaction, the executive vice president now directly owns 9,888 shares of the company’s stock, valued at approximately $420,042.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

A number of equities research analysts have commented on NCR shares. Zacks Investment Research cut NCR Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Compass Point started coverage on NCR Corporation in a report on Tuesday. They set a “buy” rating and a $48.00 price target on the stock. Royal Bank Of Canada reissued a “buy” rating on shares of NCR Corporation in a report on Sunday. Benchmark Co. started coverage on NCR Corporation in a report on Thursday, April 13th. They set a “buy” rating and a $55.00 price target on the stock. Finally, TheStreet cut NCR Corporation from a “b” rating to a “c+” rating in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.50.

NCR Corporation Company Profile

NCR Corporation is a provider of Omni-channel technology solutions that enable businesses connect, interact and transact with their customers. The Company operates through three segments: Software, Services and Hardware. It sells a portfolio of hardware, software and services that combine to provide businesses with solutions.

Earnings History for NCR Corporation (NYSE:NCR)

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