Wall Street analysts expect that NCR Co. (NYSE:NCR) will report sales of $1.58 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for NCR’s earnings, with the lowest sales estimate coming in at $1.56 billion and the highest estimate coming in at $1.61 billion. NCR reported sales of $1.66 billion during the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The firm is scheduled to issue its next earnings results on Thursday, October 18th.

According to Zacks, analysts expect that NCR will report full-year sales of $6.41 billion for the current fiscal year, with estimates ranging from $6.38 billion to $6.44 billion. For the next fiscal year, analysts anticipate that the business will report sales of $6.57 billion per share, with estimates ranging from $6.46 billion to $6.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover NCR.

NCR (NYSE:NCR) last issued its quarterly earnings results on Thursday, July 26th. The information technology services provider reported $0.65 EPS for the quarter, topping the 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 company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year.

Several equities research analysts have issued reports on the stock. TheStreet cut shares of NCR from a “b-” rating to a “c-” rating in a research note on Friday, July 27th. Benchmark reaffirmed a “buy” rating and set a $44.00 target price on shares of NCR in a research note on Wednesday, July 25th. ValuEngine raised shares of NCR from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 28th. Zacks Investment Research raised shares of NCR from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, UBS Group cut shares of NCR from an “outperform” rating to a “market perform” rating in a research note on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $38.83.

NCR traded down $0.67 on Friday, hitting $28.50. 840,535 shares of the company’s stock were exchanged, compared to its average volume of 1,159,885. NCR has a fifty-two week low of $26.00 and a fifty-two week high of $38.68. The company has a quick ratio of 1.01, a current ratio of 1.46 and a debt-to-equity ratio of 7.89. The stock has a market cap of $3.44 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 2.80 and a beta of 1.81.

NCR declared that its board has approved a share buyback plan on Thursday, July 26th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank increased its stake in NCR by 6.5% during the first 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 during the period. Amundi Pioneer Asset Management Inc. increased its stake in NCR by 1.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 97,933 shares of the information technology services provider’s stock worth $3,086,000 after purchasing an additional 1,700 shares during the period. Eagle Boston Investment Management Inc. increased its stake in NCR by 3.9% during the second quarter. Eagle Boston Investment Management Inc. now owns 47,669 shares of the information technology services provider’s stock worth $1,429,000 after purchasing an additional 1,809 shares during the period. Cascade Investment Advisors Inc. increased its stake in NCR by 8.1% during the second quarter. Cascade Investment Advisors Inc. now owns 27,300 shares of the information technology services provider’s stock worth $818,000 after purchasing an additional 2,040 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in NCR by 4.8% during the second quarter. Public Employees Retirement System of Ohio now owns 45,393 shares of the information technology services provider’s stock worth $1,361,000 after purchasing an additional 2,059 shares during the period. 91.29% of the stock is currently owned by institutional investors.

NCR Company Profile

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.

Read More: What is a Leveraged Buyout (LBO)?

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.