ServiceNow (NYSE: NOW) is set to post its quarterly earnings results after the market closes on Wednesday, January 26th. Analysts expect ServiceNow to post earnings of $ 0.22 per share for the quarter. Parties wishing to register for the company conference call can do so using this link.
ServiceNow (NYSE: NOW) last released its quarterly earnings results on Wednesday, October 27th. The information technology service provider reported $ 1.55 EPS for the quarter, beating Thomson Reuters ’consensus estimate of $ 1.39 by $ 0.16. The business had revenue of $ 1.51 billion in the quarter, compared to the agreed $ 1.48 billion. ServiceNow has a net margin of 3.99% and a return on equity of 9.31%. The company’s quarterly revenue rose 31.3% on a year-over-year basis. In the same quarter last year, the company earned $ 0.30 EPS. On average, analysts expect ServiceNow to post $ 1 EPS for the current financial year and $ 2 EPS for the next financial year.
NYSE: NOW shares opened at $ 522.34 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $ 103.95 billion, a PE ratio of 479.21, a price-to-earnings-growth ratio of 9.60 and a beta of 1.01. ServiceNow has a 52 week low of $ 448.27 and a 52 week high of $ 707.60. The company has a 50 day simple moving average of $ 629.37 and a 200 day simple moving average of $ 626.57.
Several equities research analysts recently commented on NOW shares. Needham & Company LLC raised their target price on ServiceNow shares from $ 641.00 to $ 780.00 and gave the company a “buy” rating in a research report on Monday, November 1st. Stifel Nicolaus raised their target price on ServiceNow shares from $ 650.00 to $ 725.00 and gave the company a “buy” rating in a research report on Thursday, October 28th. Jefferies Financial Group raised their price target on shares of ServiceNow from $ 675.00 to $ 765.00 and gave the company a “buy” rating in a research note on Thursday, October 28th. Citigroup raised their price target on ServiceNow shares from $ 746.00 to $ 770.00 and gave the company a “buy” rating in a research note on Thursday, October 28th. Finally, Argus raised their price target on ServiceNow shares from $ 760.00 to $ 805.00 and gave the company a “buy” rating in a research note on Tuesday, November 2nd. Three research analysts rated the stock with a hold rating, twenty-eight assigned a buy rating and one gave a strong buy rating to the stock. According to data from MarketBeat, ServiceNow has a consensus rating of “Buy” and a consensus target price of $ 719.43.
In other ServiceNow news, General Counsel Russell S. Elmer sold 1,777 shares of stock in a transaction on Wednesday, Nov. 10th. The shares were sold at an average price of $ 676.98, for a total value of $ 1,202,993.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis Woodside bought 2,861 shares of ServiceNow stock in a transaction on Monday, November 8th. The stock was purchased at an average value of $ 694.58 per share, with a total value of $ 1,987,193.38. The disclosure for this purchase can be found here. In the past three months, insiders have sold 24,655 shares of the company’s stock worth $ 15,161,081. Insiders own 0.35% of the company’s stock.
An institutional investor recently raised its position in ServiceNow stock. Morgan Stanley has lifted its holdings on shares of ServiceNow, Inc. (NYSE: NOW) by 1.2% in the second quarter, according to its most recent filing with the SEC. The company owns 7,277,395 shares of the information technology services provider’s stock after acquiring an additional 86,441 shares during the period. Morgan Stanley owned approximately 3.67% of ServiceNow worth $ 3,999,292,000 in its most recent filing with the SEC. Institutional investors and hedge funds own 86.14% of the company’s stock.
ServiceNow Company Profile
ServiceNow, Inc. is engaged in providing enterprise cloud computing solutions. The company delivers digital workflows on an enterprise cloud platform called Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. It offers its solutions for industries under the categories of government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products. .
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