Wall Street brokerages expect NOW Inc. (NYSE:DNOW) to post $734.07 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for NOW’s earnings, with estimates ranging from $714.60 million to $750.00 million. NOW reported sales of $538.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 36.4%. The company is scheduled to announce its next earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that NOW will report full-year sales of $734.07 million for the current year, with estimates ranging from $2.69 billion to $2.74 billion. For the next financial year, analysts forecast that the business will post sales of $3.16 billion per share, with estimates ranging from $3.00 billion to $3.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for NOW.

NOW (NYSE:DNOW) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.01. NOW had a negative return on equity of 7.83% and a negative net margin of 7.14%. The company had revenue of $697.00 million during the quarter, compared to the consensus estimate of $701.29 million. During the same period last year, the business earned ($0.34) EPS. The business’s quarterly revenue was up 34.0% on a year-over-year basis.

Several analysts recently issued reports on the company. Stifel Nicolaus set a $18.00 target price on NOW and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Robert W. Baird reiterated a “neutral” rating and set a $15.00 target price (down previously from $20.00) on shares of NOW in a report on Monday, October 9th. UBS AG lowered NOW from a “positive” rating to a “neutral” rating in a report on Thursday. Zacks Investment Research upgraded NOW from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, BidaskClub lowered NOW from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.70.

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Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in NOW by 9.2% during the first quarter. Vanguard Group Inc. now owns 8,787,117 shares of the oil and gas company’s stock worth $149,030,000 after buying an additional 739,256 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of NOW by 30.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,162,033 shares of the oil and gas company’s stock valued at $53,626,000 after purchasing an additional 745,677 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in shares of NOW by 13.0% in the 2nd quarter. Federated Investors Inc. PA now owns 517,150 shares of the oil and gas company’s stock valued at $8,316,000 after purchasing an additional 59,461 shares in the last quarter. State Street Corp boosted its holdings in shares of NOW by 1.7% in the 1st quarter. State Street Corp now owns 3,468,501 shares of the oil and gas company’s stock valued at $58,823,000 after purchasing an additional 59,238 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of NOW in the 1st quarter valued at $293,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

NOW Company Profile

NOW Inc (NOW) is a global distributor to the oil and gas and industrial markets. The Company operates under the DistributionNOW and Wilson Export brands. Its segments include the United States, Canada and International. As of December 31, 2016, its segments, the United States, Canada and International, had over 200, 55 and 35 locations, respectively.

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