Brokerages predict that NCR Co. (NYSE:NCR) will report $0.52 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for NCR’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.45. NCR reported earnings per share of $0.93 in the same quarter last year, which would suggest a negative year-over-year growth rate of 44.1%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, October 30th.

On average, analysts expect that NCR will report full-year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.65. For the next year, analysts forecast that the company will post earnings of $2.94 per share, with EPS estimates ranging from $2.75 to $3.08. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow NCR.

NCR (NYSE:NCR) last announced its earnings results on Thursday, July 26th. The information technology services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. NCR had a negative net margin of 0.80% and a positive return on equity of 73.82%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the company earned $0.80 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis.

A number of analysts have commented on the stock. ValuEngine raised shares of NCR from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 28th. Oppenheimer cut shares of NCR from an “outperform” rating to a “market perform” rating and set a $37.00 target price for the company. in a report on Friday, July 27th. UBS Group cut shares of NCR from an “outperform” rating to a “market perform” rating in a report on Friday, July 27th. TheStreet cut shares of NCR from a “b-” rating to a “c-” rating in a report on Friday, July 27th. Finally, Zacks Investment Research raised shares of NCR from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. NCR has a consensus rating of “Hold” and a consensus price target of $37.80.

NCR stock traded down $0.86 during midday trading on Tuesday, reaching $24.26. 1,322,569 shares of the company’s stock traded hands, compared to its average volume of 958,568. NCR has a 52-week low of $24.14 and a 52-week high of $38.68. The stock has a market cap of $2.86 billion, a P/E ratio of 7.93, a P/E/G ratio of 2.33 and a beta of 1.77. The company has a current ratio of 1.46, a quick ratio of 1.01 and a debt-to-equity ratio of 7.89.

NCR announced that its Board of Directors has initiated a share buyback program on Thursday, July 26th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the information technology services provider to repurchase up to 6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank boosted its stake in NCR by 6.5% in the 1st quarter. Amalgamated Bank now owns 26,995 shares of the information technology services provider’s stock worth $851,000 after purchasing an additional 1,652 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of NCR by 1.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 97,933 shares of the information technology services provider’s stock valued at $3,086,000 after purchasing an additional 1,700 shares in the last quarter. Eagle Boston Investment Management Inc. increased its holdings in shares of NCR by 3.9% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 47,669 shares of the information technology services provider’s stock valued at $1,429,000 after purchasing an additional 1,809 shares in the last quarter. Cascade Investment Advisors Inc. increased its holdings in shares of NCR by 8.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 27,300 shares of the information technology services provider’s stock valued at $818,000 after purchasing an additional 2,040 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of NCR by 4.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 45,393 shares of the information technology services provider’s stock valued at $1,361,000 after purchasing an additional 2,059 shares in the last quarter. 91.25% of the stock is owned by hedge funds and other institutional investors.

About NCR

NCR Corporation provides omni-channel technology solutions for businesses to connect, interact, and transact with their customers worldwide. The company's Software segment offers industry-based software platforms and 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.

Featured Story: Cash Flow

Get a free copy of the Zacks research report on NCR (NCR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for NCR (NYSE:NCR)

Receive News & Ratings for NCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCR and related companies with MarketBeat.com's FREE daily email newsletter.