NCR Co. (NCR) Updates Q2 Earnings Guidance
NCR Co. (NYSE:NCR) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.72-0.77 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.78. NCR also updated its FY17 guidance to $3.32-3.42 EPS.
Shares of NCR Co. (NYSE:NCR) traded up 2.79% during midday trading on Thursday, reaching $44.64. 3,118,886 shares of the company traded hands. The firm has a market capitalization of $5.49 billion, a P/E ratio of 26.27 and a beta of 1.82. NCR Co. has a 12 month low of $25.20 and a 12 month high of $49.90. The company has a 50 day moving average of $45.11 and a 200 day moving average of $40.90.
NCR (NYSE:NCR) last posted its quarterly earnings results on Thursday, April 20th. The information technology services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.10. NCR had a net margin of 4.13% and a return on equity of 76.86%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts predict that NCR Co. will post $3.31 earnings per share for the current fiscal year.
NCR has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of NCR from a buy rating to a hold rating in a research report on Tuesday, December 27th. Citigroup Inc upgraded shares of NCR to an outperform rating and set a $51.00 price target on the stock in a research report on Thursday, March 16th. CIBC upgraded shares of NCR from a market perform rating to an outperform rating in a research report on Thursday, March 16th. Oppenheimer Holdings Inc. upgraded shares of NCR from a market perform rating to an outperform rating and set a $51.00 price target on the stock in a research report on Thursday, March 16th. Finally, Royal Bank of Canada restated a buy rating on shares of NCR in a research report on Tuesday, March 14th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. NCR has an average rating of Buy and a consensus target price of $47.00.
In other NCR news, Chairman William Nuti sold 386,637 shares of the firm’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $45.80, for a total transaction of $17,707,974.60. Following the transaction, the chairman now owns 386,227 shares of the company’s stock, valued at approximately $17,689,196.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Holdings L.P. Blackstone III sold 3,002,753 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $48.47, for a total transaction of $145,543,437.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,398,030 shares of company stock worth $163,671,555. Corporate insiders own 1.20% of the company’s stock.
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NCR 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.
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