NCR (NYSE:NCR) Releases FY19 Earnings Guidance

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NCR (NYSE:NCR) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.75-2.85 for the period, compared to the Thomson Reuters consensus estimate of $2.82.

Shares of NCR stock traded up $1.44 on Friday, hitting $31.46. The stock had a trading volume of 2,374,264 shares, compared to its average volume of 956,911. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 12.01 and a beta of 1.62. The stock’s 50 day moving average is $30.14 and its 200-day moving average 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. NCR has a 52-week low of $20.93 and a 52-week high of $35.08.

NCR (NYSE:NCR) last announced its earnings results on Thursday, November 7th. The information technology services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.06. The business had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.62 billion. NCR had a net margin of 2.47% and a return on equity of 86.80%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities analysts expect that NCR will post 2.82 earnings per share for the current year.

Several research analysts have recently weighed in on NCR shares. Wells Fargo & Co started coverage on shares of NCR in a research note on Wednesday, September 18th. They issued 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 company an equal weight rating in a research note on Friday. DA Davidson upped their target price on shares of NCR from $40.00 to $41.00 and gave the company a buy rating in a research note on Tuesday, September 24th. ValuEngine downgraded shares of NCR from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Finally, TheStreet upgraded shares of NCR from a c rating to a b rating in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $38.00.

In other NCR news, major shareholder Ncr Holdco L.P. Blackstone sold 9,129,966 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $32.75, for a total transaction of $299,006,386.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Paul Langenbahn sold 28,833 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $32.42, for a total transaction of $934,765.86. Following the transaction, the vice president now owns 86,925 shares in the company, valued at $2,818,108.50. The disclosure for this sale can be found here. Insiders have sold a total of 9,175,687 shares of company stock worth $300,453,197 over the last quarter. 1.00% of the stock is currently owned by insiders.

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 and Estimates for NCR (NYSE:NCR)

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