Research Analysts Offer Predictions for NCR Corporation’s Q1 2017 Earnings (NCR)

NCR Corporation (NYSE:NCR) – Equities research analysts at Oppenheimer Holdings issued their Q1 2017 earnings estimates for NCR Corporation in a report issued on Thursday. Oppenheimer Holdings analyst I. Zaffino anticipates that the brokerage will post earnings of $0.45 per share for the quarter. Oppenheimer Holdings also issued estimates for NCR Corporation’s Q3 2017 earnings at $0.93 EPS, Q4 2017 earnings at $1.05 EPS, FY2017 earnings at $3.30 EPS and FY2018 earnings at $3.57 EPS.

Several other equities research analysts also recently issued reports on NCR. Wedbush raised their price objective on shares of NCR Corporation from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 26th. Zacks Investment Research upgraded shares of NCR Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, October 27th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. NCR Corporation presently has an average rating of “Buy” and an average target price of $36.25.

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NCR Corporation (NYSE:NCR) opened at 45.51 on Monday. NCR Corporation has a one year low of $19.24 and a one year high of $46.95. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 26.79 and a beta of 1.82. The company’s 50-day moving average price is $42.63 and its 200-day moving average price is $36.68.

NCR Corporation (NYSE:NCR) last announced its quarterly earnings data on Thursday, February 9th. The company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.03. NCR Corporation had a return on equity of 76.86% and a net margin of 4.13%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. NCR Corporation’s quarterly revenue was up 7.3% on a year-over-year basis.

In related news, SVP Paul Langenbahn sold 18,169 shares of NCR Corporation stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $41.22, for a total value of $748,926.18. Following the transaction, the senior vice president now directly owns 26,792 shares of the company’s stock, valued at $1,104,366.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward P. Boykin sold 92,083 shares of NCR Corporation stock in a transaction that occurred on Monday, December 5th. The shares were sold at an average price of $38.98, for a total transaction of $3,589,395.34. Following the completion of the transaction, the director now directly owns 53,053 shares in the company, valued at $2,068,005.94. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

This piece was first reported by sleekmoney and is the sole property of of sleekmoney. If you are viewing this piece on another website, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this piece can be accessed at http://sleekmoney.com/research-analysts-offer-predictions-for-ncr-corporations-q1-2017-earnings-ncr/1659490.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in NCR. Washington Trust Bank boosted its position in shares of NCR Corporation by 420.8% in the third quarter. Washington Trust Bank now owns 3,151 shares of the company’s stock worth $101,000 after buying an additional 2,546 shares during the period. Integrated Wealth Management raised its stake in shares of NCR Corporation by 13,604.3% in the third quarter. Integrated Wealth Management now owns 3,152 shares of the company’s stock worth $101,000 after buying an additional 3,129 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of NCR Corporation during the third quarter worth $102,000. Riverhead Capital Management LLC raised its stake in shares of NCR Corporation by 64.6% in the third quarter. Riverhead Capital Management LLC now owns 4,400 shares of the company’s stock worth $142,000 after buying an additional 1,727 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of NCR Corporation by 18.1% in the third quarter. Tower Research Capital LLC TRC now owns 6,082 shares of the company’s stock worth $196,000 after buying an additional 933 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

About NCR Corporation

NCR Corporation is a technology company that provides products and services that enable businesses to connect, interact and transact with their customers. The Company operates through four segments: Financial Services, Retail Solutions, Hospitality and Emerging Industries. Its portfolio of self-service and assisted-service solutions serve customers in the financial services, retail, hospitality, travel and telecommunications and technology industries.

5 Day Chart for NYSE:NCR

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