Equities analysts expect ServiceNow, Inc. (NYSE: NOW-Get Rating) to post earnings of $ 1.69 per share for the current quarter, according to Zacks Investment Research. Ten analysts provided estimates for ServiceNow’s earnings. The highest EPS estimate is $ 1.80 and the lowest is $ 1.66. ServiceNow posted earnings per share of $ 1.52 in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.2%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.
On average, 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 next year, analysts expect the company to post earnings of $ 9.36 per share, with EPS estimates ranging from $ 8.97 to $ 10.34. Zacks’s EPS averages are an average based on a survey of selling -side research firms covering ServiceNow.
ServiceNow (NYSE: NOW-Get Rating) last posted its quarterly earnings results on Wednesday, January 26th. The information technology service provider reported $ 0.29 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $ 1.61 billion in the quarter, compared to the agreed $ 1.60 billion. In the same quarter last year, the company posted $ 0.16 EPS.
NOW has been the subject of several recent analyst reports. Barclays lowered their target price on shares of ServiceNow from $ 680.00 to $ 652.00 and set an “overweight” rating on the stock in a research report on Thursday, January 27th. Canaccord Genuity Group reduced their target price on ServiceNow shares from $ 715.00 to $ 615.00 and set a “buy” rating for the company in a research note on Thursday, January 27th. Citigroup lowered their price target on ServiceNow from $ 675.00 to $ 623.00 and set a “buy” rating on the stock in a research note on Tuesday. BNP Paribas downgraded ServiceNow shares from a “neutral” rating to an “underperform” rating and set a $ 460.00 price target for the company. in a research note on Tuesday, March 29th. Finally, Mizuho raised their price target on ServiceNow from $ 615.00 to $ 650.00 and gave the stock a “buy” rating in a report on Thursday, January 27th. Two investment analysts rated the stock with a sell rating, three issued a hold rating and twenty-seven gave the company a buy rating. Based on data from MarketBeat.com, ServiceNow currently has a consensus rating of “Buy” and an average price target of $ 684.84.
ServiceNow stock traded $ 16.92 during trading on Thursday, reaching $ 514.45. 15,107 shares of the company were exchanged, compared to its average volume of 1,783,282. The company has a market capitalization of $ 102.89 billion, a P/E ratio of 432.59, a PEG ratio of 9.72 and a beta of 1.04. The 50 day moving average of the business is $ 554.83 and its 200 day moving average is $ 601.35. ServiceNow has a 52 week low of $ 448.27 and a 52 week high of $ 707.60. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.
In related news, COO Chirantan Jitendra Desai sold 3,000 shares of the company’s stock in a transaction on Monday, February 14th. The stock was sold at an average price of $ 578.48, for a total value of $ 1,735,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this link. Also, 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 transaction of $ 101,325.00. Following the transaction, the chief financial officer now owns 4,011 shares in the company, valued at approximately $ 2,105,775. The disclosure for this sale can be found here. In the past quarter, insiders sold 32,141 shares of the company’s stock worth $ 18,355,758. 0.35% of the stock is currently owned by insiders.
Some institutional investors and hedge funds have recently made changes to their positions in NOW. Chilton Capital Management LLC bought a new position in ServiceNow in the 4th quarter worth approximately $ 25,000. Eagle Bay Advisors LLC lifted its position on ServiceNow shares by 75.0% in the 3rd quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after purchasing an additional 18 shares during the period. Baystate Wealth Management LLC increased its holdings in ServiceNow 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 purchasing an additional 18 shares during the period. PFG Private Wealth Management LLC bought a new position in ServiceNow in the third quarter worth approximately $ 31,000. Finally, MV Capital Management Inc. lifted. its holdings in ServiceNow by 96.2% in the third quarter. MV Capital Management Inc. now owns 51 shares of the information technology services provider’s stock worth $ 32,000 after purchasing an additional 25 shares during the period. 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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