NCR (NCR) Releases FY18 Earnings Guidance
NCR (NYSE:NCR) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.30-3.45 for the period, compared to the Thomson Reuters consensus estimate of $3.34. The company issued revenue guidance of $6515-6711.5, compared to the consensus revenue estimate of $6.68 billion.NCR also updated its Q1 guidance to $0.41-0.47 EPS.
Shares of NCR (NCR) traded down $0.90 on Thursday, reaching $33.51. 2,295,088 shares of the company traded hands, compared to its average volume of 1,250,000. NCR has a 12 month low of $29.20 and a 12 month high of $49.90. The company has a market capitalization of $4,080.00, a PE ratio of 22.95 and a beta of 1.83. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.42 and a quick ratio of 1.01.
NCR has been the topic of several research reports. Zacks Investment Research cut shares of NCR from a hold rating to a strong sell rating in a research report on Monday, October 23rd. Royal Bank of Canada restated an average rating and issued a $44.00 price target on shares of NCR in a research report on Friday, October 20th. They noted that the move was a valuation call. Morgan Stanley reduced their price target on shares of NCR from $43.00 to $39.00 and set an equal weight rating on the stock in a research report on Friday, October 20th. JPMorgan Chase & Co. set a $45.00 price target on shares of NCR and gave the stock a buy rating in a research report on Saturday, October 21st. Finally, ValuEngine upgraded shares of NCR from a hold rating to a buy rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $45.13.
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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.
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