NCR Atleos (NYSE:NATL) Releases Earnings Results, Misses Estimates By $0.24 EPS

NCR Atleos (NYSE:NATL) issued its quarterly earnings results on Wednesday. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.24), FiscalAI reports. NCR Atleos had a net margin of 3.98% and a return on equity of 80.51%. The business had revenue of $1.04 billion for the quarter. During the same quarter last year, the company earned $0.64 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year.

NCR Atleos Stock Up 0.5%

NATL traded up $0.24 during trading on Friday, reaching $44.49. 172,919 shares of the stock traded hands, compared to its average volume of 896,006. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 19.18 and a beta of 0.61. NCR Atleos has a fifty-two week low of $23.56 and a fifty-two week high of $48.50. The company has a debt-to-equity ratio of 6.65, a current ratio of 0.96 and a quick ratio of 0.78. The stock’s 50-day simple moving average is $44.32 and its two-hundred day simple moving average is $40.33.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NATL shares. Wedbush downgraded NCR Atleos from an “outperform” rating to a “hold” rating and lifted their price target for the company from $45.00 to $50.40 in a report on Friday, February 27th. DA Davidson reiterated a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of NCR Atleos in a report on Friday, February 27th. Weiss Ratings upgraded NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 24th. Stifel Nicolaus set a $50.40 price target on NCR Atleos in a report on Wednesday, March 4th. Finally, Zacks Research upgraded NCR Atleos from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, NCR Atleos presently has an average rating of “Moderate Buy” and a consensus target price of $50.27.

Institutional Trading of NCR Atleos

A number of institutional investors have recently bought and sold shares of NATL. Fourth Sail Capital LP acquired a new stake in NCR Atleos during the fourth quarter valued at $33,597,000. Simcoe Capital Management LLC acquired a new stake in NCR Atleos during the second quarter valued at $20,282,000. Capital International Investors acquired a new stake in NCR Atleos during the third quarter valued at $16,466,000. Millennium Management LLC acquired a new stake in NCR Atleos during the third quarter valued at $14,900,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in NCR Atleos during the third quarter valued at $14,188,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

About NCR Atleos

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.