Analysts expect ServiceNow, Inc. (NYSE: NOW-Get Rating) will post earnings per share of $ 1.69 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts released estimates for ServiceNow’s earnings. The highest EPS estimate is $ 1.80 and the lowest is $ 1.66. ServiceNow reported earnings per share of $ 1.52 in the same quarter last year, which would indicate a positive annual growth rate of 11.2%. The company is expected to announce its next earnings report after the market closes 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 expect the company to report earnings of $ 9.36 per share, with EPS estimates ranging from $ 8.97 to $ 10.34. The earnings averages per share of Zacks Investment Research are an average based on a survey of analysts covering ServiceNow.
ServiceNow (NYSE: NOW-Get Rating) last announced its quarterly earnings results on Wednesday, January 26th. The information technology service provider reported $ 0.29 revenue per share for the quarter, ahead of analysts ’consensus estimates of $ 0.22 of $ 0.07. ServiceNow has a net margin of 3.90% and a return on equity of 9.43%. The company had revenue of $ 1.61 billion in the quarter, compared to analysts ’expectations of $ 1.60 billion. In the same period last year, the company earned $ 0.16 EPS.
A number of analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of ServiceNow from $ 600.00 to $ 635.00 and gave the stock an “outperform” rating in a research report on Thursday, January 27th. Credit Suisse Group reduced their price target on ServiceNow shares from $ 850.00 to $ 800.00 and set an “outperform” rating for the company in a research report on Thursday, January 27th. Bank of America lowered their price target on ServiceNow shares from $ 725.00 to $ 680.00 and set a “buy” rating for the company in a research report on Thursday, January 27th. Exane BNP Paribas downgraded ServiceNow shares from a “neutral” rating to an “underperform” rating in a research report on Tuesday, March 29th. Finally, Citigroup raised their price target on ServiceNow shares from $ 657.00 to $ 675.00 and gave the company a “buy” rating in a research report on Thursday, January 27th. Two research analysts rated the stock with a sell rating, three assigned a hold rating and twenty-seven gave the stock a buy rating. According to data from MarketBeat.com, the stock has an average “Buy” rating and a consensus target price of $ 686.52.
Shares of ServiceNow stock opened at $ 507.33 on Thursday. The company has a fifty day moving average price of $ 556.71 and a 200 day moving average price of $ 602.45. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. ServiceNow has a twelve -month low of $ 448.27 and a twelve -month high of $ 707.60. The stock has a market cap of $ 101.47 billion, a price-to-earnings ratio of 445.03, a price-to-earnings-growth ratio of 9.72 and a beta of 1.04.
In other ServiceNow news, CFO Gina Mastantuono sold 2,102 shares of the company’s stock in a transaction dated Tuesday, February 8th. The shares were sold at an average price of $ 564.20, for a total value of $ 1,185,948.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible through the SEC website. Also, Director Frederic B. Luddy sold 6,600 shares of the company’s stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $ 582.16, for a total transaction of $ 3,842,256.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,141 shares of the company’s stock worth $ 18,355,758. 0.35% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of ServiceNow by 3.9% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 431 shares of the information technology services provider’s stock worth $ 268,000 after acquiring an additional 16 shares in the last quarter. Nwam LLC strengthened its holdings in shares of ServiceNow by 4.5% in the third quarter. Nwam LLC now owns 415 shares of the information technology services provider’s stock worth $ 258,000 after acquiring an additional 18 shares in the last quarter. Baystate Wealth Management LLC boosted its holdings in ServiceNow shares by 60.0% in the third quarter. Baystate Wealth Management LLC now owns 48 shares of the information technology services provider’s stock worth $ 30,000 after acquiring an additional 18 shares in the last quarter. Eagle Bay Advisors LLC boosted its holdings in ServiceNow shares by 75.0% in the third quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after acquiring an additional 18 shares in the last quarter. Finally, Cavalier Investments LLC increased its holdings in shares of ServiceNow by 0.7% in the fourth quarter. Cavalier Investments LLC now owns 2,475 shares of the information technology services provider’s stock worth $ 1,607,000 after acquiring an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 86.63% of the company’s stock.
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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