Equities research analysts predicted that ServiceNow, Inc. (NYSE: NOW – Get Rating) will post earnings of $ 1.69 per share for the current fiscal quarter, according to Zacks Investment Research. Ten analysts made estimates for ServiceNow’s earnings, with the highest EPS estimate coming in at $ 1.80 and the lowest estimate coming in at $ 1.66. ServiceNow posted earnings per share of $ 1.52 in the same quarter last year, which would suggest a positive year-on-year growth rate of 11.2%. The company is set to report the results of its next quarterly earnings on Monday, January 1st.
According to Zacks, analysts expect ServiceNow to report full-year earnings of $ 7.35 per share for the current fiscal year, with EPS estimates ranging from $ 7.20 to $ 7.88. For the next financial year, analysts predict that the company will post earnings of $ 9.36 per share, with EPS estimates ranging from $ 8.97 to $ 10.34. Zacks EPS averages are an average based on a survey of research analysts providing coverage for ServiceNow.
ServiceNow (NYSE: NOW-Get Rating) last posted its earnings results on Wednesday, January 26th. The information technology service provider reported $ 0.29 earnings per share (EPS) for the quarter, beating analysts ’consensus estimates of $ 0.22 by $ 0.07. ServiceNow had a return on equity of 9.43% and a net margin of 3.90%. The business had revenue of $ 1.61 billion in the quarter, compared to analyst estimates of $ 1.60 billion. In the same quarter last year, the company earned $ 0.16 profit per share.
NOW has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target on ServiceNow from $ 820.00 to $ 700.00 and set a “buy” rating for the company in a research note on Friday, January 21st. Robert W. Baird lowered their price target on ServiceNow from $ 650.00 to $ 600.00 in a research note on Thursday, January 27th. Jefferies Financial Group lowered their price target on ServiceNow from $ 765.00 to $ 700.00 and set a “buy” rating for the company in a research note on Thursday, January 27th. Piper Sandler upgraded ServiceNow from a “neutral” rating to an “overweight” rating and set a $ 650.00 price target for the company in a research note on Thursday, January 27th. Finally, Credit Suisse Group lowered their price target on ServiceNow from $ 850.00 to $ 800.00 and set an “outperform” rating for the company in a research note on Thursday, January 27th. Two analysts rated the stock with a hold rating and twenty-eight gave the company a buy rating. According to data from MarketBeat, the stock has an average “Buy” rating and a consensus target price of $ 694.07.
In other news, General Counsel Russell S. Elmer sold 2,092 shares of stock in a transaction dated Monday, Feb. 7th. The stock was sold at an average price of $ 577.99, for a total transaction of $ 1,209,155.08. The sale was disclosed in a document filed with the SEC, available at this link. Also, CFO Gina Mastantuono sold 738 shares of stock in a transaction dated Monday, January 10th. The shares were sold at an average price of $ 550.10, for a total value of $ 405,973.80. The disclosure for this sale can be found here. Insiders have sold a total of 40,386 shares of the company’s stock worth $ 23,239,132 in the last three months. Company insiders own 0.35% of the company’s stock.
Some large investors have recently made changes to their positions NOW. Morgan Stanley boosted its stake in ServiceNow by 1.2% in the 2nd quarter. Morgan Stanley now owns 7,277,395 shares of the information technology services provider’s stock worth $ 3,999,292,000 after buying an additional 86,441 shares during the period. Capital Investment Advisors LLC bought a new stake in shares of ServiceNow in the 3rd quarter worth approximately $ 236,000. Veracity Capital LLC bought a new stake in shares of ServiceNow in the 3rd quarter worth approximately $ 286,000. Columbia Trust Co 01012016 lifted its position in ServiceNow shares by 5.9% in the 3rd quarter. Columbia Trust Co 01012016 now owns 2,448 shares of the information technology services provider’s stock worth $ 1,523,000 after acquiring an additional 136 shares during the period. Finally, Triangle Securities Wealth Management lifted its position on shares of ServiceNow by 3.6% in the 3rd quarter. Triangle Securities Wealth Management now owns 546 shares of the information technology services provider’s stock worth $ 340,000 after acquiring an additional 19 shares during the period. Hedge funds and other institutional investors own 86.63% of the company’s stock.
NOW the stock opened at $ 581.09 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.05. ServiceNow has a 1 year low of $ 448.27 and a year high of $ 707.60. The company has a market cap of $ 116.22 billion, a P/E ratio of 509.73, a price-to-earnings-growth ratio of 11.06 and a beta of 1.06. The stock has a 50-day simple moving average of $ 556.14 and a 200-day simple moving average of $ 614.57.
About ServiceNow (Get a Rating)
ServiceNow, Inc. provides enterprise cloud computing solutions that define, develop, integrate, manage, and automate services for businesses around the world. It runs the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.
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