Todays Report: The Now Inc. (DNOW) to Release Earnings on Wednesday

The Now Inc. (DNOW) to Release Earnings on Wednesday

Now Inc. (NYSE:DNOW) is scheduled to release its Q316 earnings data on Wednesday, November 2nd. Analysts expect Now to post earnings of ($0.40) per share and revenue of $530.19 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Now (NYSE:DNOW) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.40) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.06. Now had a negative return on equity of 8.92% and a negative net margin of 23.71%. The company earned $501 million during the quarter, compared to analysts’ expectations of $456.96 million. During the same quarter in the previous year, the firm posted ($0.16) EPS. The firm’s revenue was down 33.2% compared to the same quarter last year. On average, analysts expect Now to post $-1.50 EPS for the current fiscal year and $-0.68 EPS for the next fiscal year.

Shares of Now Inc. (NYSE:DNOW) opened at 21.69 on Monday. The firm’s 50-day moving average price is $21.01 and its 200-day moving average price is $19.32. Now Inc. has a 12 month low of $12.03 and a 12 month high of $22.81. The firm’s market cap is $2.33 billion.

Institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. bought a new position in Now during the second quarter valued at about $138,000. US Bancorp DE increased its position in Now by 2.2% in the second quarter. US Bancorp DE now owns 10,886 shares of the company’s stock valued at $198,000 after buying an additional 239 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Now by 12.1% in the second quarter. Thrivent Financial for Lutherans now owns 15,387 shares of the company’s stock valued at $279,000 after buying an additional 1,657 shares in the last quarter. Sei Investments Co. increased its position in Now by 83.3% in the second quarter. Sei Investments Co. now owns 16,285 shares of the company’s stock valued at $295,000 after buying an additional 7,403 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in Now during the second quarter valued at about $383,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on DNOW shares. Cowen and Company started coverage on Now in a research report on Friday, September 16th. They set a “market perform” rating and a $22.00 price objective on the stock. KeyCorp reissued a “hold” rating on shares of Now in a report on Tuesday, September 27th. Five analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $18.00.

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