NCR Co. to Post Q1 2020 Earnings of $0.39 Per Share, Northcoast Research Forecasts (NYSE:NCR)

NCR Co. (NYSE:NCR) – Equities research analysts at Northcoast Research issued their Q1 2020 earnings per share estimates for shares of NCR in a report released on Wednesday, February 12th. Northcoast Research analyst K. Mehta anticipates that the information technology services provider will earn $0.39 per share for the quarter. Northcoast Research also issued estimates for NCR’s Q2 2020 earnings at $0.75 EPS, Q3 2020 earnings at $0.72 EPS, Q4 2020 earnings at $0.95 EPS, FY2020 earnings at $2.80 EPS and FY2021 earnings at $3.08 EPS.

NCR (NYSE:NCR) last released its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.73 billion. NCR had a return on equity of 79.96% and a net margin of 1.30%. During the same quarter in the previous year, the business earned $0.84 earnings per share.

Other research analysts also recently issued research reports about the company. Standpoint Research began coverage on NCR in a report on Monday, December 23rd. They issued an “accumulate” rating on the stock. Royal Bank of Canada lifted their price objective on NCR to $48.00 and gave the stock a “top pick” rating in a report on Thursday, December 19th. Stephens started coverage on NCR in a report on Tuesday, December 3rd. They issued an “equal weight” rating and a $38.00 price objective on the stock. Finally, TheStreet raised NCR from a “c” rating to a “b-” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. NCR currently has an average rating of “Hold” and a consensus target price of $38.63.

NCR opened at $33.27 on Thursday. The company has a market cap of $4.37 billion, a P/E ratio of 92.42 and a beta of 1.62. The business’s 50-day moving average price is $34.62 and its 200-day moving average price is $32.42. The company has a current ratio of 1.35, a quick ratio of 0.98 and a debt-to-equity ratio of 5.20. NCR has a 12 month low of $25.93 and a 12 month high of $35.87.

A number of institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System boosted its position in NCR by 1.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 30,900 shares of the information technology services provider’s stock valued at $1,086,000 after acquiring an additional 300 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of NCR by 2.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 11,040 shares of the information technology services provider’s stock valued at $388,000 after purchasing an additional 300 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of NCR by 6.5% during the third quarter. World Asset Management Inc now owns 9,809 shares of the information technology services provider’s stock valued at $310,000 after purchasing an additional 595 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of NCR by 1.6% during the fourth quarter. State of Michigan Retirement System now owns 37,540 shares of the information technology services provider’s stock valued at $1,320,000 after purchasing an additional 600 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of NCR by 9.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,144 shares of the information technology services provider’s stock valued at $225,000 after purchasing an additional 637 shares during the last quarter. 92.00% of the stock is currently owned by institutional investors and hedge funds.

In other NCR news, SVP Adrian Button sold 8,238 shares of NCR stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $33.29, for a total transaction of $274,243.02. Following the sale, the senior vice president now directly owns 11,654 shares of the company’s stock, valued at approximately $387,961.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James Bedore sold 2,707 shares of NCR stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $32.45, for a total value of $87,842.15. Following the sale, the executive vice president now directly owns 48,700 shares in the company, valued at $1,580,315. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

NCR Company Profile

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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