NCR (NCR) Posts Quarterly Earnings Results, Hits Estimates

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.

In other NCR news, SVP Adrian Button sold 4,639 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $28.61, for a total transaction of $132,721.79. Following the completion of the transaction, the senior vice president now directly owns 24,357 shares of the company’s stock, valued at $696,853.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Daniel William Campbell sold 31,029 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $29.98, for a total value of $930,249.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,098 shares of company stock worth $1,218,161. 1.00% of the stock is owned by company insiders.

ILLEGAL ACTIVITY NOTICE: “NCR (NCR) Posts Quarterly Earnings Results, Hits Estimates” was published by Rockland Register and is the property of of Rockland Register. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://rocklandregister.com/2019/06/01/ncr-ncr-posts-earnings-results-hits-expectations.html.

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.

Further Reading: Backdoor Roth IRA

Earnings History 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.