$787.94 Million in Sales Expected for NOW Inc (DNOW) This Quarter

Analysts expect NOW Inc (NYSE:DNOW) to report sales of $787.94 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for NOW’s earnings, with the highest sales estimate coming in at $808.00 million and the lowest estimate coming in at $768.00 million. NOW posted sales of $764.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The company is expected to report its next earnings report before the market opens on Thursday, May 2nd.

On average, analysts expect that NOW will report full year sales of $3.20 billion for the current fiscal year, with estimates ranging from $3.10 billion to $3.54 billion. For the next year, analysts expect that the firm will report sales of $3.43 billion, with estimates ranging from $3.28 billion to $3.79 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for NOW.

NOW (NYSE:DNOW) last issued its quarterly earnings results on Thursday, February 14th. The oil and gas company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $772.87 million. NOW had a net margin of 1.66% and a return on equity of 3.24%. NOW’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $0.01 EPS.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of NOW from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, December 12th. ValuEngine lowered shares of NOW from a “hold” rating to a “sell” rating in a research note on Thursday, December 20th. Finally, Stifel Nicolaus lowered shares of NOW from a “buy” rating to a “hold” rating and decreased their price target for the company from $17.00 to $13.00 in a research note on Wednesday, December 19th. Seven investment analysts have rated the stock with a hold rating, NOW has a consensus rating of “Hold” and an average target price of $15.40.

A number of institutional investors have recently modified their holdings of DNOW. FMR LLC lifted its stake in NOW by 54.3% in the 4th quarter. FMR LLC now owns 2,199 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 774 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in NOW by 1,090.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 501,882 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 459,739 shares in the last quarter. First Hawaiian Bank lifted its stake in NOW by 27.6% in the 4th quarter. First Hawaiian Bank now owns 6,581 shares of the oil and gas company’s stock worth $77,000 after purchasing an additional 1,425 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in NOW in the 4th quarter worth approximately $117,000. Finally, Koshinski Asset Management Inc. purchased a new position in NOW in the 4th quarter worth approximately $128,000.

NOW stock traded down $0.41 during midday trading on Tuesday, reaching $13.96. The company had a trading volume of 666,583 shares, compared to its average volume of 776,651. The firm has a market capitalization of $1.51 billion, a PE ratio of 38.78 and a beta of 1.40. NOW has a 12-month low of $9.81 and a 12-month high of $18.56. The company has a current ratio of 2.76, a quick ratio of 1.40 and a debt-to-equity ratio of 0.11.

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, 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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