Topic: Growth Stocks

NCR CORP. $24 – New York symbol NCR

NCR CORP. $24 (New York symbol NCR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 169.8 million; Market cap: $4.1 billion; Price-to-sales ratio: 0.6; No dividends paid; TSINetwork Rating: Average; www.ncr.com) makes automated teller machines, cash registers, self-serve checkouts and kiosks. The company set up Teradata (see right) as a separate firm in October 2007. It’s now conducting a strategic review, which could lead to more divisions being sold or spun off.

Meanwhile, NCR lost $344 million, or $2.03 a share, in the three months ended June 30, 2015. A year earlier, it earned $90 million, or $0.53 a share.

The loss mainly came from a one-time charge stemming from NCR’s transfer of an underfunded U.K. pension plan to an insurance company. Without unusual items, it earned $0.66 a share in the latest quarter, down 2.9% from $0.68.

Revenue fell 3.3%, to $1.60 billion from $1.66 billion. Setting aside the negative impact of currency exchange rates, revenue rose 4%. The company continues to make progress with a restructuring that includes layoffs and eliminating unprofitable products. That should cut $70 million from its yearly costs in 2015, rising to $105 million when it completes the plan in 2016.

NCR is still a buy.

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