$0.03 EPS Expected for NOW Inc (DNOW) This Quarter

Wall Street analysts predict that NOW Inc (NYSE:DNOW) will report $0.03 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for NOW’s earnings, with estimates ranging from $0.01 to $0.05. NOW reported earnings per share of ($0.10) in the same quarter last year, which would indicate a positive year-over-year growth rate of 130%. The company is expected to report its next quarterly earnings results before the market opens on Thursday, August 2nd.

According to Zacks, analysts expect that NOW will report full year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.23. For the next financial year, analysts anticipate that the firm will post earnings of $0.45 per share, with EPS estimates ranging from $0.25 to $0.66. Zacks’ EPS averages are a mean average based on a survey of research firms that cover NOW.

NOW (NYSE:DNOW) last announced its quarterly earnings results on Wednesday, May 2nd. The oil and gas company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. NOW had a negative net margin of 0.97% and a negative return on equity of 1.01%. The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $720.22 million. During the same period in the previous year, the business posted ($0.15) earnings per share. The business’s revenue for the quarter was up 21.1% on a year-over-year basis.



A number of brokerages have recently commented on DNOW. Stifel Nicolaus lifted their price target on shares of NOW from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, May 3rd. ValuEngine upgraded shares of NOW from a “strong sell” rating to a “sell” rating in a research report on Friday, May 18th. TheStreet upgraded shares of NOW from a “d+” rating to a “c” rating in a research report on Wednesday, May 16th. Cowen restated a “market perform” rating and set a $11.00 target price (up from $9.00) on shares of NOW in a research report on Thursday, May 3rd. Finally, Susquehanna Bancshares set a $11.00 target price on shares of NOW and gave the company a “hold” rating in a research report on Friday, April 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in DNOW. Schwab Charles Investment Management Inc. grew its position in NOW by 13.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,280,038 shares of the oil and gas company’s stock valued at $14,119,000 after buying an additional 151,540 shares during the period. Boston Partners lifted its holdings in NOW by 19.2% during the fourth quarter. Boston Partners now owns 204,768 shares of the oil and gas company’s stock valued at $2,259,000 after purchasing an additional 32,945 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in NOW during the fourth quarter valued at approximately $399,000. Teacher Retirement System of Texas purchased a new position in NOW during the fourth quarter valued at approximately $400,000. Finally, California Public Employees Retirement System lifted its holdings in NOW by 13.1% during the fourth quarter. California Public Employees Retirement System now owns 546,670 shares of the oil and gas company’s stock valued at $6,030,000 after purchasing an additional 63,320 shares in the last quarter.

Shares of DNOW stock traded down $0.17 during trading hours on Thursday, reaching $13.76. The company had a trading volume of 889,700 shares, compared to its average volume of 1,508,810. NOW has a one year low of $9.12 and a one year high of $17.20. The firm has a market capitalization of $1.46 billion, a PE ratio of -50.96 and a beta of 0.89. The company has a quick ratio of 1.35, a current ratio of 2.72 and a debt-to-equity ratio of 0.15.

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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