Equities analysts expect that NOW Inc (NYSE:DNOW) will report sales of $807.82 million for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for NOW’s earnings, with the lowest sales estimate coming in at $800.08 million and the highest estimate coming in at $813.90 million. NOW reported sales of $697.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 15.9%. The firm is scheduled to report its next earnings results before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that NOW will report full year sales of $3.13 billion for the current year, with estimates ranging from $3.09 billion to $3.15 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.43 billion per share, with estimates ranging from $3.24 billion to $3.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for NOW.

NOW (NYSE:DNOW) last issued its quarterly earnings data on Thursday, August 2nd. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.07. NOW had a return on equity of 0.76% and a net margin of 0.14%. The business had revenue of $777.00 million during the quarter, compared to analyst estimates of $761.78 million. During the same period in the previous year, the firm earned ($0.10) EPS. NOW’s quarterly revenue was up 19.4% compared to the same quarter last year.

Several equities research analysts have commented on the company. ValuEngine cut NOW from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Susquehanna Bancshares set a $16.00 target price on NOW and gave the company a “hold” rating in a research note on Friday, August 3rd. Robert W. Baird restated a “hold” rating and issued a $17.00 target price on shares of NOW in a research note on Friday, August 3rd. Stifel Nicolaus boosted their target price on NOW from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Finally, Cowen boosted their target price on NOW from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. NOW currently has an average rating of “Hold” and a consensus price target of $14.50.

Several institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. raised its stake in shares of NOW by 6.5% during the 2nd quarter. Baillie Gifford & Co. now owns 14,343,559 shares of the oil and gas company’s stock worth $191,199,000 after purchasing an additional 880,642 shares in the last quarter. BlackRock Inc. raised its stake in shares of NOW by 3.8% during the 2nd quarter. BlackRock Inc. now owns 11,741,100 shares of the oil and gas company’s stock worth $156,509,000 after purchasing an additional 425,281 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NOW by 20.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,636,170 shares of the oil and gas company’s stock worth $88,460,000 after purchasing an additional 1,122,053 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of NOW by 11.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,598,846 shares of the oil and gas company’s stock worth $21,313,000 after purchasing an additional 162,625 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of NOW by 117.4% during the 2nd quarter. Bank of Montreal Can now owns 1,347,033 shares of the oil and gas company’s stock worth $17,956,000 after purchasing an additional 727,326 shares in the last quarter.

Shares of DNOW traded up $0.34 on Monday, hitting $16.18. The company’s stock had a trading volume of 955,149 shares, compared to its average volume of 1,083,439. The firm has a market capitalization of $1.74 billion, a PE ratio of -59.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.45 and a current ratio of 2.89. NOW has a fifty-two week low of $9.12 and a fifty-two week high of $18.56.

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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