Brokerages expect NOW Inc (NYSE:DNOW) to post earnings per share (EPS) of $0.11 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for NOW’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.13. NOW reported earnings per share of ($0.03) during the same quarter last year, which indicates a positive year over year growth rate of 466.7%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, November 1st.
On average, analysts expect that NOW will report full-year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.37. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.62 per share, with EPS estimates ranging from $0.40 to $0.80. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow NOW.
NOW (NYSE:DNOW) last issued its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.07. The firm had revenue of $777.00 million during the quarter, compared to the consensus estimate of $761.78 million. NOW had a return on equity of 0.76% and a net margin of 0.14%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.10) EPS.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded NOW from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday. Susquehanna Bancshares set a $16.00 price target on NOW and gave the company a “hold” rating in a research report on Friday, August 3rd. Robert W. Baird reiterated a “hold” rating and set a $17.00 price target on shares of NOW in a research report on Friday, August 3rd. Stifel Nicolaus lifted their price target on NOW from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Finally, Cowen lifted their price target on NOW from $12.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.90.
Shares of DNOW traded up $0.17 during trading hours on Friday, reaching $15.83. 818,000 shares of the company’s stock traded hands, compared to its average volume of 1,352,547. The company has a market cap of $1.79 billion, a PE ratio of -58.63 and a beta of 1.06. The company has a current ratio of 2.89, a quick ratio of 1.45 and a debt-to-equity ratio of 0.16. NOW has a 12 month low of $9.12 and a 12 month high of $18.56.
A number of large investors have recently added to or reduced their stakes in DNOW. Icon Wealth Partners LLC bought a new stake in NOW in the 2nd quarter worth approximately $105,000. NumerixS Investment Technologies Inc bought a new stake in NOW in the 2nd quarter worth approximately $120,000. Neuburgh Advisers LLC lifted its position in NOW by 51.7% in the 2nd quarter. Neuburgh Advisers LLC now owns 10,560 shares of the oil and gas company’s stock worth $141,000 after buying an additional 3,600 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in NOW in the 2nd quarter worth approximately $146,000. Finally, Glen Harbor Capital Management LLC lifted its position in NOW by 51.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 14,520 shares of the oil and gas company’s stock worth $194,000 after buying an additional 4,950 shares during the last quarter.
NOW Company Profile
NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment, process equipment, pumps, OEM parts, coatings, mill supplies, and safety supplies, as well as provides application systems, work processes, parts integration, optimization solutions, and after-sales support services.
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