NCR (NYSE:NCR) Releases FY 2019 After-Hours Earnings Guidance

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NCR (NYSE:NCR) issued an update on its FY 2019
After-Hours earnings guidance on Monday 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 $2.83. The company issued revenue guidance of $$6.725-6.789 billion, compared to the consensus revenue estimate of $$6.64 billion.

NYSE NCR traded up $0.37 on Wednesday, hitting $32.35. 732,217 shares of the stock were exchanged, compared to its average volume of 958,919. The company’s 50-day moving average price is $31.31 and its two-hundred day moving average price is $31.25. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.35 and a quick ratio of 0.98. NCR has a 52-week low of $20.93 and a 52-week high of $35.08. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 12.35 and a beta of 1.64.

NCR (NYSE:NCR) last posted its quarterly earnings results on Thursday, November 7th. The information technology services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.67 by $0.06. NCR had a net margin of 1.30% and a return on equity of 79.96%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the company posted $0.58 EPS. NCR’s revenue was up 15.0% on a year-over-year basis. Equities analysts predict that NCR will post 2.8 EPS for the current fiscal year.

NCR has been the topic of several research analyst reports. Morgan Stanley restated a hold rating and set a $31.00 price target on shares of NCR in a report on Sunday, September 22nd. TheStreet cut shares of NCR from a b- rating to a c rating in a report on Friday, November 8th. Stephens started coverage on shares of NCR in a report on Tuesday. They issued an equal weight rating and a $38.00 price objective for the company. ValuEngine cut shares of NCR from a hold rating to a sell rating in a report on Wednesday, October 2nd. Finally, DA Davidson upped their price objective on shares of NCR from $40.00 to $41.00 and gave the stock a buy rating in a report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. NCR presently has an average rating of Hold and a consensus target price of $37.63.

In related news, major shareholder Ncr Holdco L.P. Blackstone sold 9,129,966 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James Bedore sold 2,707 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $32.45, for a total transaction of $87,842.15. Following the sale, the executive vice president now owns 48,700 shares in the company, valued at $1,580,315. The disclosure for this sale can be found here. Insiders sold 9,169,744 shares of company stock worth $300,303,238 over the last 90 days. 1.00% of the stock is currently 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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Earnings History and Estimates for NCR (NYSE:NCR)

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