Analysts expect NOW Inc (NYSE:DNOW) to post $768.71 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for NOW’s earnings. The highest sales estimate is $790.20 million and the lowest is $747.90 million. NOW posted sales of $822.00 million during the same quarter last year, which suggests a negative year over year growth rate of 6.5%. The company is expected to issue its next quarterly earnings results before the market opens on Wednesday, November 6th.
According to Zacks, analysts expect that NOW will report full-year sales of $3.05 billion for the current year, with estimates ranging from $3.00 billion to $3.13 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.08 billion, with estimates ranging from $2.95 billion to $3.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover NOW.
NOW (NYSE:DNOW) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. NOW had a net margin of 2.16% and a return on equity of 4.13%. The business had revenue of $776.00 million during the quarter, compared to the consensus estimate of $767.19 million. During the same quarter last year, the firm posted $0.10 EPS. NOW’s revenue was down .1% compared to the same quarter last year.
NYSE DNOW traded up $0.11 during mid-day trading on Thursday, hitting $10.63. The company’s stock had a trading volume of 539,919 shares, compared to its average volume of 765,951. The company’s 50 day simple moving average is $11.29 and its 200 day simple moving average is $12.99. NOW has a twelve month low of $10.00 and a twelve month high of $16.24. The company has a current ratio of 2.55, a quick ratio of 1.28 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 29.53 and a beta of 1.39.
Large investors have recently modified their holdings of the business. Capital Fund Management S.A. bought a new position in NOW during the 2nd quarter valued at $297,000. Nuveen Asset Management LLC bought a new position in NOW during the 2nd quarter valued at $6,975,000. Alpha Windward LLC bought a new position in NOW during the 2nd quarter valued at $404,000. JPMorgan Chase & Co. lifted its stake in NOW by 15.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,112,701 shares of the oil and gas company’s stock valued at $30,317,000 after acquiring an additional 287,223 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in NOW by 7.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 101,674 shares of the oil and gas company’s stock valued at $1,501,000 after acquiring an additional 6,616 shares in 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, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as applied products and applications, such as artificial lift systems, coatings, and other expendable items.
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