Equities analysts predict that ServiceNow, Inc. (NYSE: NOW-Get Rating) will announce $ 1.77 billion in sales for the current quarter, according to Zacks Investment Research. Ten analysts provided estimates for ServiceNow’s revenues, with the lowest estimate of sales coming in at $ 1.76 billion and the highest estimate coming in at $ 1.80 billion. ServiceNow reported sales of $ 1.41 billion in the same quarter last year, suggesting a positive annual growth rate of 25.5%. The business is set to announce its next earnings report on Monday, January 1st.
On average, analysts expect ServiceNow to report full-year sales of $ 7.42 billion for the current financial year, with estimates ranging from $ 7.37 billion to $ 7.45 billion. For the next financial year, analysts expect the company to post sales of $ 9.22 billion, with estimates ranging from $ 9.08 billion to $ 9.39 billion. Zacks’s sales calculations are an average based on a survey of seller -side research analysts covering ServiceNow.
ServiceNow (NYSE: NOW-Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 0.47 earnings per share (EPS) for the quarter, ahead of analysts ’consensus estimates of $ 0.34 of $ 0.13. The company had revenue of $ 1.72 billion in the quarter, compared to analysts ’expectations of $ 1.70 billion. ServiceNow has a return on equity of 8.66% and a net margin of 3.56%. The company’s revenue for the quarter rose 26.6% compared to the same quarter last year. In the same period last year, the business earned $ 0.50 EPS.
Several equities analysts recently weighed in on the company. Morgan Stanley lowered their target price on ServiceNow to $ 594.00 and set an “already” rating on the stock in a research report on Wednesday, May 18th. Mizuho lowered their target price on ServiceNow from $ 650.00 to $ 550.00 and set a “buy” rating on the stock in a report on Wednesday. TheStreet cut ServiceNow from a “b-” rating to a “c+” rating in a report on Tuesday, April 26th. Barclays lowered their price target on ServiceNow from $ 652.00 to $ 613.00 in a research note on Thursday, April 28th. Finally, Exane BNP Paribas downgraded ServiceNow from a “neutral” rating to an “underperform” rating in a research report on Tuesday, March 29th. Two research analysts rated the stock with a sell rating, three issued a hold rating and twenty-seven gave the stock a buy rating. According to MarketBeat, the company has an average “Buy” rating and an average price target of $ 638.59.
In other ServiceNow news, insider Paul John Smith sold 125 shares of the company’s stock in a transaction that took place on Friday, May 13th. The stock was sold at an average price of $ 446.04, for a total transaction of $ 55,755.00. Following the completion of the transaction, the insider now owns 1,446 shares of the company’s stock, valued at approximately $ 644,973.84. The transaction was disclosed in a legal filing with the SEC, available at this hyperlink. Also, CFO Gina Mastantuono sold 193 shares of the stock in a transaction that took place 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 completion of the sale, the chief financial officer now directly owns 4,011 shares of the company’s stock, valued at approximately $ 2,105,775. The disclosure for this sale can be found here. Insiders have sold a total of 15,370 shares of the company’s stock worth $ 8,436,928 over the past three months. Company insiders own 0.35% of the company’s stock.
Several large investors have recently increased or decreased their stakes NOW. Morgan Stanley raised its stake in shares of ServiceNow by 1.2% in the second quarter. Morgan Stanley now owns 7,277,395 shares of the information technology services provider’s stock worth $ 3,999,292,000 after acquiring an additional 86,441 shares during the period. New World Advisors LLC bought a new position in parts of ServiceNow in the third quarter worth approximately $ 350,000. Powered by Assetmark Inc. its position in ServiceNow by 1,260.0% in the third quarter. Assetmark Inc. now owns 204 shares of the information technology services provider’s stock worth $ 127,000 after buying an additional 189 shares last quarter. Rockefeller Capital Management LP strengthened its position in ServiceNow by 13.3% in the third quarter. Rockefeller Capital Management LP now owns 23,422 shares of the information technology services provider’s stock worth $ 14,574,000 after buying an additional 2,758 shares last quarter. Finally, Smithfield Trust Co. strengthened its position in ServiceNow by 28.8% in the third quarter. Smithfield Trust Co. now owns 497 shares of the information technology services provider’s stock worth $ 309,000 after buying an additional 111 shares last quarter. 87.20% of the stock is currently owned by institutional investors and hedge funds.
NYSE: NOW shares opened at $ 476.29 on Friday. ServiceNow has a 52-week low of $ 406.47 and a 52-week high of $ 707.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $ 95.48 billion, a P/E ratio of 432.99, a P/E/G ratio of 8.35 and a beta of 1.09. The stock has a 50-day moving average price of $ 495.54 and a 200-day moving average price of $ 560.36.
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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