Equities research analysts expect that NOW Inc (NYSE:DNOW) will announce earnings per share (EPS) of $0.10 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for NOW’s earnings, with estimates ranging from $0.09 to $0.14. NOW posted earnings of $0.15 per share during the same quarter last year, which suggests a negative year over year growth rate of 33.3%. The firm is expected to announce its next earnings results before the market opens on Wednesday, November 6th.

According to Zacks, analysts expect that NOW will report full year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.32 to $0.47. For the next financial year, analysts expect that the business will report earnings of $0.55 per share, with EPS estimates ranging from $0.38 to $0.64. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for NOW.

NOW (NYSE:DNOW) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. NOW had a return on equity of 4.13% and a net margin of 2.16%. The company had revenue of $776.00 million for the quarter, compared to the consensus estimate of $767.19 million. During the same quarter in the prior year, the business earned $0.10 EPS. NOW’s revenue was down .1% on a year-over-year basis.

Several equities research analysts have weighed in on DNOW shares. Capital One Financial upgraded NOW from an “equal weight” rating to an “overweight” rating and set a $16.00 price target on the stock in a report on Friday, August 2nd. ValuEngine downgraded NOW from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. Zacks Investment Research upgraded NOW from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus dropped their price objective on NOW from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, July 15th. Finally, Cowen reiterated a “market perform” rating and issued a $10.00 price objective (down previously from $11.00) on shares of NOW in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. NOW has a consensus rating of “Hold” and an average target price of $13.80.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of NOW by 54.3% in the 4th quarter. FMR LLC now owns 2,199 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 774 shares during the last quarter. Investors Research Corp increased its holdings in shares of NOW by 61.6% in the 2nd quarter. Investors Research Corp now owns 2,362 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 900 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of NOW in the 1st quarter valued at about $66,000. Icon Wealth Partners LLC purchased a new position in shares of NOW in the 1st quarter valued at about $91,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of NOW in the 2nd quarter valued at about $99,000.

NYSE DNOW traded down $0.16 during trading hours on Thursday, hitting $11.82. 878,331 shares of the company were exchanged, compared to its average volume of 756,598. The company’s 50 day simple moving average is $13.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.28 and a current ratio of 2.55. NOW has a 52-week low of $10.36 and a 52-week high of $17.58. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 32.83 and a beta of 1.41.

About NOW

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.

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Earnings History and Estimates for NOW (NYSE:DNOW)

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