Brokers Issue Forecasts for NOW Inc’s Q1 2020 Earnings (NYSE:DNOW)

NOW Inc (NYSE:DNOW) – Equities researchers at Capital One Financial issued their Q1 2020 earnings estimates for NOW in a note issued to investors on Wednesday, January 8th. Capital One Financial analyst L. Lemoine anticipates that the oil and gas company will post earnings of $0.04 per share for the quarter. Capital One Financial also issued estimates for NOW’s Q2 2020 earnings at $0.07 EPS, Q3 2020 earnings at $0.10 EPS, Q4 2020 earnings at $0.08 EPS, FY2020 earnings at $0.30 EPS and FY2021 earnings at $0.40 EPS.

DNOW has been the topic of a number of other reports. ValuEngine upgraded NOW from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded NOW from a “hold” rating to a “sell” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.25.

DNOW opened at $11.17 on Friday. The business’s fifty day moving average is $11.32 and its two-hundred day moving average is $11.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.28 and a current ratio of 2.44. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 31.03 and a beta of 1.42. NOW has a one year low of $10.00 and a one year high of $15.93.

NOW (NYSE:DNOW) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $751.00 million for the quarter, compared to the consensus estimate of $764.07 million. NOW had a return on equity of 3.45% and a net margin of 1.89%. NOW’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share.

Large investors have recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in shares of NOW in the second quarter valued at $99,000. Dupont Capital Management Corp lifted its position in shares of NOW by 10.2% in the third quarter. Dupont Capital Management Corp now owns 12,897 shares of the oil and gas company’s stock valued at $148,000 after acquiring an additional 1,197 shares in the last quarter. Bank of Montreal Can lifted its position in shares of NOW by 144.4% in the second quarter. Bank of Montreal Can now owns 14,676 shares of the oil and gas company’s stock valued at $216,000 after acquiring an additional 8,670 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of NOW in the third quarter valued at $221,000. Finally, Baxter Bros Inc. purchased a new stake in shares of NOW in the fourth quarter valued at $225,000.

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, 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.

Further Reading: Price to Earnings Ratio (PE) Basics

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