NCR Co. (NCR) Posts Earnings Results, Beats Expectations By $0.10 EPS
NCR Co. (NYSE:NCR) issued its earnings results on Thursday. The information technology services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.10. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. NCR had a return on equity of 76.86% and a net margin of 4.13%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. NCR updated its Q2 guidance to $0.72-0.77 EPS and its FY17 guidance to $3.32-3.42 EPS.
NCR (NYSE:NCR) traded up 2.79% on Thursday, reaching $44.64. The company’s stock had a trading volume of 3,118,886 shares. NCR has a 1-year low of $25.20 and a 1-year high of $49.90. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 26.27 and a beta of 1.82. The stock has a 50 day moving average price of $45.11 and a 200-day moving average price of $40.90.
In other news, major shareholder Holdings L.P. Blackstone III sold 3,002,753 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman William Nuti sold 386,637 shares of the company’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 directly owns 386,227 shares of the company’s stock, valued at approximately $17,689,196.60. The disclosure for this sale can be found here. Insiders have sold 3,398,030 shares of company stock valued at $163,671,555 in the last ninety days. 1.20% of the stock is owned by company insiders.
NCR has been the topic of several research reports. Zacks Investment Research lowered NCR from a “buy” rating to a “hold” rating in a research report on Tuesday, December 27th. Royal Bank of Canada reissued a “buy” rating on shares of NCR in a research report on Tuesday, March 14th. Citigroup Inc raised NCR to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Thursday, March 16th. CIBC raised NCR from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 16th. Finally, Oppenheimer Holdings Inc. raised NCR from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Thursday, March 16th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $47.00.
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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