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4-Traders Homepage  >  Equities  >  Nyse  >  NCR Corporation    NCR

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NCR : announces US pension de-risking move

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11/10/2017 | 09:11pm CET

Under an agreement with Principal Life Insurance Co., a Principal company, NCR Corp. will purchase a single premium group annuity contract to secure approximately $190 million of benefits for approximately 6,000 former employees or their related beneficiaries whose monthly pension benefit under the plan on Jan. 1 was $500 or less.

"This group annuity contract purchase is consistent with our overall strategy to address our legacy pension liabilities," NCR Treasurer John Boudreau said in a press release. "Because this contract was purchased with existing plan assets, no additional funding of the plan was required for this purchase."

No action is required by affected former employees or their related beneficiaries at this time; they will receive details and instructions in letters and other materials to be sent In December, the release said.

Copyright © 2017 Networld Media. All rights reserved., source Industry News

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Financials ($)
Sales 2017 6 488 M
EBIT 2017 855 M
Net income 2017 268 M
Debt 2017 2 854 M
Yield 2017 -
P/E ratio 2017 17,53
P/E ratio 2018 11,73
EV / Sales 2017 1,01x
EV / Sales 2018 0,91x
Capitalization 3 716 M
Chart NCR CORPORATION
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NCR Corporation Technical Analysis Chart | NCR | US62886E1082 | 4-Traders
Technical analysis trends NCR CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 43,3 $
Spread / Average Target 42%
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NameTitle
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William T. VanCuren Chief Information Officer & Senior Vice President
Eli Rosner Chief Technology Officer-Software Solutions & SVP
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