NCR Atleos (NYSE:NATL) Posts Earnings Results, Misses Expectations By $0.24 EPS

NCR Atleos (NYSE:NATL) issued its quarterly earnings results on Wednesday. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.24), FiscalAI reports. The firm had revenue of $1.04 billion during the quarter. NCR Atleos had a return on equity of 84.28% and a net margin of 3.92%.NCR Atleos’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 earnings per share.

NCR Atleos Trading Down 1.3%

NCR Atleos stock traded down $0.57 during trading on Thursday, reaching $44.21. 975,543 shares of the company were exchanged, compared to its average volume of 904,495. NCR Atleos has a 52-week low of $23.56 and a 52-week high of $48.50. The company has a market capitalization of $3.26 billion, a P/E ratio of 19.56 and a beta of 0.61. The company has a debt-to-equity ratio of 6.65, a current ratio of 0.96 and a quick ratio of 0.78. The stock’s 50 day simple moving average is $44.32 and its two-hundred day simple moving average is $40.33.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NATL. Wolfe Research lowered NCR Atleos from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $50.00 price target (down from $60.00) on shares of NCR Atleos in a research note on Friday, February 27th. Wedbush lowered NCR Atleos from an “outperform” rating to a “hold” rating and lifted their price target for the stock from $45.00 to $50.40 in a research note on Friday, February 27th. Weiss Ratings upgraded NCR Atleos from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 24th. Finally, Zacks Research upgraded NCR Atleos from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, NCR Atleos presently has an average rating of “Moderate Buy” and a consensus price target of $50.27.

Hedge Funds Weigh In On NCR Atleos

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in NCR Atleos by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,636,083 shares of the company’s stock worth $71,293,000 after buying an additional 58,745 shares in the last quarter. Swiss National Bank lifted its stake in shares of NCR Atleos by 4.3% in the 1st quarter. Swiss National Bank now owns 146,180 shares of the company’s stock valued at $6,371,000 after purchasing an additional 6,000 shares during the last quarter. Crescent Grove Advisors LLC lifted its stake in shares of NCR Atleos by 3.4% in the 1st quarter. Crescent Grove Advisors LLC now owns 401,456 shares of the company’s stock valued at $17,495,000 after purchasing an additional 13,048 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of NCR Atleos by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 361,335 shares of the company’s stock valued at $15,747,000 after purchasing an additional 7,963 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of NCR Atleos by 7,982.4% in the 1st quarter. Fifth Third Bancorp now owns 39,442 shares of the company’s stock valued at $1,719,000 after purchasing an additional 38,954 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

About NCR Atleos

NCR Atleos Corporation operates as a financial technology company in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Self-Service Banking, Network, and Telecommunications & Technology (T&T). The Self-Service Banking segment offers solutions, including a line of automated teller machine (ATM) and interactive teller machine (ITM) hardware and software, as well as related installation, maintenance, and managed and professional services; and solutions to manage and run the ATM channel end-to-end for financial institutions comprising back office, cash management, software management and ATM deployment, and others.