Brokerages expect NOW Inc. (NYSE:DNOW) to post sales of $698.95 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for NOW’s earnings. The lowest sales estimate is $685.92 million and the highest is $744.00 million. NOW reported sales of $538.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 29.9%. The firm is expected to report its next quarterly earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that NOW will report full year sales of $698.95 million for the current fiscal year, with estimates ranging from $2.66 billion to $2.74 billion. For the next year, analysts forecast that the business will report sales of $3.08 billion per share, with estimates ranging from $2.98 billion to $3.19 billion. Zacks’ sales calculations are an average based on a survey of sell-side 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) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. NOW had a negative net margin of 4.77% and a negative return on equity of 5.17%. The company had revenue of $697.00 million during the quarter, compared to analysts’ expectations of $701.29 million. During the same quarter in the previous year, the business posted ($0.34) EPS. The firm’s revenue was up 34.0% on a year-over-year basis.

DNOW has been the subject of several recent analyst reports. BidaskClub downgraded shares of NOW from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded shares of NOW from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Susquehanna Bancshares restated a “neutral” rating and set a $24.00 price objective on shares of NOW in a research report on Thursday, November 2nd. Cowen set a $14.00 price objective on shares of NOW and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, Robert W. Baird restated a “hold” rating and set a $13.00 price objective on shares of NOW in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.20.

Several large investors have recently modified their holdings of the company. Bank of Montreal Can raised its position in NOW by 130.2% in the 2nd quarter. Bank of Montreal Can now owns 6,966 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 3,940 shares during the last quarter. Riverhead Capital Management LLC raised its position in NOW by 70.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 7,990 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 3,290 shares during the last quarter. Shell Asset Management Co. purchased a new stake in NOW in the 3rd quarter valued at $137,000. ETRADE Capital Management LLC purchased a new stake in NOW in the 3rd quarter valued at $165,000. Finally, HighTower Advisors LLC purchased a new stake in NOW in the 2nd quarter valued at $170,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

NOW (DNOW) opened at $10.03 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.72 and a quick ratio of 1.39. NOW has a twelve month low of $9.75 and a twelve month high of $23.53.

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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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Earnings History and Estimates for NOW (NYSE:DNOW)

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