NOW Inc (DNOW) Expected to Announce Earnings of $0.11 Per Share

Equities research analysts expect NOW Inc (NYSE:DNOW) to report earnings per share (EPS) of $0.11 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for NOW’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.10. NOW reported earnings of ($0.03) per share during the same quarter last year, which would indicate a positive year over year growth rate of 466.7%. The company is scheduled to report its next earnings results before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that NOW will report full-year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.16 to $0.37. For the next year, analysts anticipate that the firm will post earnings of $0.61 per share, with EPS estimates ranging from $0.39 to $0.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for NOW.

NOW (NYSE:DNOW) last released its 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 company had revenue of $777.00 million for the quarter, compared to analyst estimates of $761.78 million. NOW had a net margin of 0.14% and a return on equity of 0.76%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) EPS.

Several brokerages have recently issued reports on DNOW. Robert W. Baird reiterated a “hold” rating and set a $17.00 price target on shares of NOW in a report on Friday, August 3rd. Susquehanna Bancshares set a $16.00 price objective on NOW and gave the stock a “hold” rating in a report on Friday, August 3rd. Cowen boosted their price target on NOW from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, August 3rd. ValuEngine upgraded NOW from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Finally, Stifel Nicolaus raised their price objective on NOW from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $14.50.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. boosted its stake in shares of NOW by 0.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 729,581 shares of the oil and gas company’s stock valued at $9,725,000 after purchasing an additional 2,911 shares during the period. CWM LLC boosted its stake in shares of NOW by 8.2% in the second quarter. CWM LLC now owns 46,417 shares of the oil and gas company’s stock valued at $619,000 after purchasing an additional 3,518 shares during the period. Neuburgh Advisers LLC boosted its stake in shares of NOW by 51.7% in the second quarter. Neuburgh Advisers LLC now owns 10,560 shares of the oil and gas company’s stock valued at $141,000 after purchasing an additional 3,600 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of NOW by 6.5% in the second quarter. Janney Montgomery Scott LLC now owns 65,078 shares of the oil and gas company’s stock valued at $867,000 after purchasing an additional 3,998 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of NOW by 2.1% in the second quarter. Rhumbline Advisers now owns 203,245 shares of the oil and gas company’s stock valued at $2,709,000 after purchasing an additional 4,183 shares during the period.

Shares of NOW stock traded up $0.20 on Friday, hitting $17.25. 2,272,481 shares of the company’s stock traded hands, compared to its average volume of 1,368,739. NOW has a 52-week low of $9.12 and a 52-week high of $18.56. The stock has a market cap of $1.85 billion, a P/E ratio of 189.44 and a beta of 0.97. 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 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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