NCR (NYSE:NCR) Releases Earnings Results, Beats Expectations By $0.06 EPS

NCR (NYSE:NCR) released its earnings results on Thursday. The information technology services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06, reports. NCR had a net margin of 2.47% and a return on equity of 86.80%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. NCR updated its FY19 guidance to $2.75-2.85 EPS.

Shares of NCR stock traded up $1.44 on Friday, hitting $31.46. 2,374,264 shares of the stock traded hands, compared to its average volume of 956,911. The firm’s 50-day moving average price is $30.14 and its two-hundred day moving average price is $30.85. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.94 and a current ratio of 1.32. The stock has a market capitalization of $3.88 billion, a PE ratio of 12.01 and a beta of 1.62. NCR has a twelve month low of $20.93 and a twelve month high of $35.08.

A number of equities research analysts have recently issued reports on NCR shares. Wells Fargo & Co started coverage on shares of NCR in a report on Wednesday, September 18th. They set an “outperform” rating and a $45.00 target price for the company. Morgan Stanley upped their target price on shares of NCR from $31.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday. DA Davidson upped their target price on shares of NCR from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Benchmark set a $40.00 target price on shares of NCR and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, ValuEngine lowered shares of NCR from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $38.00.

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In other news, EVP J. Robert Ciminera sold 16,888 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $30.32, for a total transaction of $512,044.16. Following the transaction, the executive vice president now owns 33,278 shares of the company’s stock, valued at approximately $1,008,988.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Paul Langenbahn sold 28,833 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $32.42, for a total transaction of $934,765.86. Following the completion of the transaction, the vice president now directly owns 86,925 shares in the company, valued at approximately $2,818,108.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,175,687 shares of company stock worth $300,453,197. Corporate insiders own 1.00% of the company’s stock.

About NCR

NCR Corporation provides software and services for the financial, retail, hospitality, telecommunications, and technology industries worldwide. The company's Software segment offers industry-based software platforms, 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.

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Earnings History for NCR (NYSE:NCR)

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