NCR (NYSE:NCR) released its quarterly earnings results on Tuesday, May 7th. The information technology services provider reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48, RTT News reports. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. NCR had a positive return on equity of 91.22% and a negative net margin of 1.09%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. NCR updated its FY19 guidance to $2.75-2.85 EPS.
NCR stock traded down $0.55 during trading on Friday, reaching $30.60. 728,700 shares of the stock were exchanged, compared to its average volume of 889,712. NCR has a twelve month low of $20.93 and a twelve month high of $33.00. The company has a debt-to-equity ratio of 7.31, a quick ratio of 0.90 and a current ratio of 1.27. The company has a market cap of $3.72 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 2.78 and a beta of 1.94.
Several equities analysts have weighed in on the company. Zacks Investment Research raised NCR from a “sell” rating to a “hold” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. lowered NCR from an “overweight” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. NCR has a consensus rating of “Hold” and a consensus price target of $35.00.
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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