ServiceNow Inc (NOW) to Post FY2019 Earnings of $0.55 Per Share, William Blair Forecasts
ServiceNow Inc (NYSE:NOW) – Investment analysts at William Blair issued their FY2019 earnings per share estimates for shares of ServiceNow in a research report issued to clients and investors on Thursday. William Blair analyst J. Furby forecasts that the information technology services provider will post earnings of $0.55 per share for the year.
ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, January 31st. The information technology services provider reported $0.35 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.35. ServiceNow had a negative return on equity of 24.97% and a negative net margin of 7.71%. The firm had revenue of $546.37 million for the quarter, compared to analyst estimates of $532.74 million. During the same quarter last year, the company earned $0.25 EPS. The company’s revenue was up 41.7% on a year-over-year basis.
ServiceNow (NYSE:NOW) traded down $2.52 during trading on Monday, reaching $144.87. The company’s stock had a trading volume of 1,709,512 shares, compared to its average volume of 1,864,017. ServiceNow has a 12-month low of $83.42 and a 12-month high of $157.00. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $25,160.00, a price-to-earnings ratio of -166.63 and a beta of 1.26.
In related news, Director Anita M. Sands sold 1,636 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $150.51, for a total transaction of $246,234.36. Following the sale, the director now owns 12,704 shares of the company’s stock, valued at approximately $1,912,079.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frederic B. Luddy sold 170,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $129.43, for a total value of $22,003,100.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 481,810 shares of company stock worth $62,175,884. 3.30% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NOW. Schwab Charles Investment Management Inc. lifted its holdings in ServiceNow by 6.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 305,581 shares of the information technology services provider’s stock worth $35,915,000 after buying an additional 18,537 shares during the period. Investec Asset Management LTD lifted its holdings in ServiceNow by 42.9% during the 3rd quarter. Investec Asset Management LTD now owns 66,635 shares of the information technology services provider’s stock worth $7,832,000 after buying an additional 20,014 shares during the period. Jasper Ridge Partners L.P. acquired a new position in ServiceNow during the 3rd quarter worth about $1,525,000. Rockefeller Financial Services Inc. acquired a new position in ServiceNow during the 3rd quarter worth about $138,000. Finally, British Airways Pensions Investment Management Ltd lifted its holdings in ServiceNow by 84.5% during the 3rd quarter. British Airways Pensions Investment Management Ltd now owns 218,243 shares of the information technology services provider’s stock worth $25,643,000 after buying an additional 99,938 shares during the period.
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ServiceNow Company Profile
ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.
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