NOW Inc (NYSE:DNOW) Expected to Announce Quarterly Sales of $768.71 Million

Share on StockTwits

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.

Several analysts recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of NOW from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, July 15th. Cowen reissued a “market perform” rating and issued a $10.00 price target (down previously from $11.00) on shares of NOW in a research report on Monday, August 5th. Capital One Financial raised shares of NOW from an “equal weight” rating to an “overweight” rating and set a $16.00 price target for the company in a research report on Friday, August 2nd. Zacks Investment Research raised shares of NOW from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, ValuEngine raised shares of NOW from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. NOW presently has a consensus rating of “Hold” and a consensus price target of $13.80.

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.

Featured Article: What is the price-sales ratio?

Get a free copy of the Zacks research report on NOW (DNOW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for NOW (NYSE:DNOW)

Receive News & Ratings for NOW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NOW and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

NOW Inc  Expected to Announce Quarterly Sales of $768.71 Million
NOW Inc Expected to Announce Quarterly Sales of $768.71 Million
Allianz SE  Receives Consensus Recommendation of “Hold” from Analysts
Allianz SE Receives Consensus Recommendation of “Hold” from Analysts
Great Portland Estates PLC  Receives Consensus Rating of “Hold” from Brokerages
Great Portland Estates PLC Receives Consensus Rating of “Hold” from Brokerages
Decentralized Crypto Token Price Up 89.2% Over Last Week
Decentralized Crypto Token Price Up 89.2% Over Last Week
XMCT Price Down 15% Over Last 7 Days
XMCT Price Down 15% Over Last 7 Days
Darcrus Price Up 33.4% Over Last Week
Darcrus Price Up 33.4% Over Last Week


© 2006-2019 Ticker Report