ServiceNow (NOW) Scheduled to Post Earnings on Wednesday

ServiceNow (NYSE:NOW) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $3.15 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.34. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the firm posted $0.88 EPS. ServiceNow’s quarterly revenue was up 25.6% on a year-over-year basis. On average, analysts expect ServiceNow to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ServiceNow Price Performance

Shares of NOW stock opened at $744.64 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.20. The company has a market cap of $152.93 billion, a P/E ratio of 88.54, a P/E/G ratio of 4.86 and a beta of 0.97. ServiceNow has a twelve month low of $427.68 and a twelve month high of $815.32. The business has a fifty day simple moving average of $768.63 and a 200 day simple moving average of $700.17.

Insider Buying and Selling at ServiceNow

In other news, insider Paul John Smith sold 1,180 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the transaction, the insider now directly owns 1,392 shares of the company’s stock, valued at $1,067,831.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total value of $3,787,992.40. Following the transaction, the chief executive officer now owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total value of $905,201.60. Following the completion of the sale, the insider now directly owns 1,392 shares in the company, valued at approximately $1,067,831.04. The disclosure for this sale can be found here. Insiders sold 13,164 shares of company stock valued at $9,940,303 over the last 90 days. 0.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in ServiceNow by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 18,118,773 shares of the information technology services provider’s stock valued at $12,800,732,000 after purchasing an additional 364,992 shares during the period. State Street Corp grew its position in ServiceNow by 1.8% during the 1st quarter. State Street Corp now owns 8,082,154 shares of the information technology services provider’s stock worth $3,755,904,000 after acquiring an additional 141,744 shares during the last quarter. Morgan Stanley grew its position in ServiceNow by 4.3% during the 4th quarter. Morgan Stanley now owns 7,071,786 shares of the information technology services provider’s stock worth $2,745,763,000 after acquiring an additional 288,522 shares during the last quarter. Geode Capital Management LLC grew its position in shares of ServiceNow by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 3,589,941 shares of the information technology services provider’s stock valued at $1,663,879,000 after buying an additional 79,037 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of ServiceNow by 0.4% during the 1st quarter. Northern Trust Corp now owns 2,254,159 shares of the information technology services provider’s stock valued at $1,255,320,000 after purchasing an additional 8,477 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NOW shares. Barclays lifted their price target on ServiceNow from $765.00 to $870.00 and gave the company an “overweight” rating in a research report on Tuesday, January 23rd. KeyCorp initiated coverage on shares of ServiceNow in a research report on Thursday, March 21st. They set an “overweight” rating and a $1,000.00 price objective on the stock. JMP Securities lifted their price objective on ServiceNow from $665.00 to $825.00 and gave the stock a “market outperform” rating in a research note on Monday, January 22nd. UBS Group boosted their price objective on shares of ServiceNow from $885.00 to $920.00 and gave the company a “buy” rating in a research report on Monday. Finally, Robert W. Baird increased their target price on shares of ServiceNow from $780.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $780.00.

ServiceNow Company Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.