ServiceNow (NYSE: NOW-Get Rating) is scheduled to announce its earnings results after the market closes on Wednesday, April 27th. Analysts expect the company to report earnings of $ 0.34 per share for the quarter. Investors who want to listen to the company’s conference call can do so using this link.
ServiceNow (NYSE: NOW-Get Rating) last released its earnings results on Wednesday, January 26th. The information technology service provider reported $ 0.29 earnings per share (EPS) for the quarter, beating Thomson Reuters ’consensus estimate of $ 0.22 by $ 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 analyst estimates of $ 1.60 billion. In the same period last year, the business earned $ 0.16 revenue per share. On average, analysts expect ServiceNow to post $ 2 EPS for the current financial year and $ 3 EPS for the next financial year.
NOW the stock opened at $ 471.40 on Monday. The company has a 50-day moving average price of $ 546.73 and a 200-day moving average price of $ 597.58. ServiceNow has a 52-week low of $ 448.27 and a 52-week high of $ 707.60. The company has a market capitalization of $ 94.28 billion, a price-to-earnings ratio of 413.51, a PEG ratio of 9.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.05.
Several equities analysts recently released reports on NOW shares. BMO Capital Markets raised their target price on ServiceNow shares from $ 600.00 to $ 635.00 and gave the company an “outperform” rating in a report on Thursday, January 27th. Morgan Stanley boosted their price target on shares of ServiceNow from $ 807.00 to $ 810.00 and gave the stock an “overweight” rating in a report on Thursday, January 27th. Canaccord Genuity Group reduced their price target on ServiceNow shares from $ 715.00 to $ 615.00 and set a “buy” rating for the company in a report on Thursday, January 27th. Citigroup lowered their price target on ServiceNow shares from $ 675.00 to $ 623.00 and set a “buy” rating for the company in a report on Tuesday, April 19th. Finally, StockNews.com began coverage of ServiceNow shares in a report on Thursday, March 31st. They issued a “hold” rating for the company. Two research analysts rated the stock with a sell rating, three gave a hold rating and twenty-seven gave a buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow has an average “Buy” rating and an average price target of $ 685.00.
In other ServiceNow news, CFO Gina Mastantuono sold 193 shares of the business’s stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $ 525.00, for a total value of $ 101,325.00. Following the sale, the chief financial officer now owns 4,011 shares in the company, valued at approximately $ 2,105,775. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Chirantan Jitendra Desai sold 3,000 shares of the business’s stock in a transaction on Monday, February 14th. The stock was sold at an average price of $ 578.48, for a total transaction of $ 1,735,440.00. The disclosure for this sale can be found here. Insiders have sold a total of 32,141 shares of the company’s stock worth $ 18,355,758 over the past ninety days. 0.35% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new stake in shares of ServiceNow in the 4th quarter worth approximately $ 52,000. Titleist Asset Management LTD. bought a new stake in shares of ServiceNow in the 4th quarter worth approximately $ 258,000. Wealthsource Partners LLC bought a new stake in shares of ServiceNow in the 4th quarter worth approximately $ 265,000. Forum Financial Management LP bought a new stake in shares of ServiceNow in the 4th quarter worth approximately $ 417,000. Finally, EP Wealth Advisors LLC raised its position in ServiceNow shares by 3.5% in the 4th quarter. EP Wealth Advisors LLC now owns 688 shares of the information technology services provider’s stock worth $ 447,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 86.63% of the company’s stock.
ServiceNow Company Profile (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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