NCR Corporation (NCR) Announces Earnings Results
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.
WARNING: “NCR Corporation (NCR) Announces Earnings Results” was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.dailypolitical.com/2017/07/20/ncr-corporation-ncr-announces-earnings-results.html.
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.
Receive News & Ratings for NCR Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR Corporation and related companies with MarketBeat.com's FREE daily email newsletter.