Analysts expect that NOW Inc (NYSE:DNOW) will report earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for NOW’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.15. NOW posted earnings of $0.01 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 700%. The company is expected to issue its next earnings report on Wednesday, February 13th.

On average, analysts expect that NOW will report full-year earnings of $0.33 per share for the current year, with EPS estimates ranging from $0.29 to $0.42. For the next fiscal year, analysts anticipate that the business will post earnings of $0.65 per share, with EPS estimates ranging from $0.55 to $0.84. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover NOW.

NOW (NYSE:DNOW) last posted its quarterly earnings results on Thursday, November 1st. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. NOW had a net margin of 1.09% and a return on equity of 2.43%. The company had revenue of $822.00 million for the quarter, compared to analyst estimates of $805.80 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The company’s quarterly revenue was up 17.9% compared to the same quarter last year.

Several analysts have recently issued reports on DNOW shares. ValuEngine raised shares of NOW from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Zacks Investment Research raised shares of NOW from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, October 9th. Stifel Nicolaus boosted their price target on shares of NOW from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Cowen started coverage on shares of NOW in a research report on Saturday, October 13th. They issued a “hold” rating and a $17.00 price target on the stock. Finally, Susquehanna Bancshares set a $16.00 price target on shares of NOW and gave the company a “hold” rating in a research report on Friday, August 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. NOW has an average rating of “Hold” and a consensus target price of $15.44.

Shares of NYSE DNOW traded down $0.19 during midday trading on Tuesday, hitting $13.58. The company’s stock had a trading volume of 977,600 shares, compared to its average volume of 1,358,839. NOW has a one year low of $9.12 and a one year high of $18.56. The company has a quick ratio of 1.44, a current ratio of 2.72 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.53 billion, a P/E ratio of -50.30 and a beta of 1.28.

A number of large investors have recently modified their holdings of DNOW. Icon Wealth Partners LLC purchased a new position in NOW during the second quarter valued at approximately $105,000. NumerixS Investment Technologies Inc purchased a new position in NOW during the second quarter valued at approximately $120,000. Neuburgh Advisers LLC grew its stake in NOW by 51.7% during the second quarter. Neuburgh Advisers LLC now owns 10,560 shares of the oil and gas company’s stock valued at $141,000 after acquiring an additional 3,600 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in NOW during the second quarter valued at approximately $146,000. Finally, FDx Advisors Inc. purchased a new position in NOW during the third quarter valued at approximately $189,000.

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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Earnings History and Estimates for NOW (NYSE:DNOW)

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