Equities research analysts expect ServiceNow, Inc. (NYSE: NOW) to announce earnings of $ 1.69 per share for the current quarter, Zacks Investment Research reports. Ten analysts provided estimates for ServiceNow’s earnings. The minimum EPS estimate is $ 1.66 and the maximum is $ 1.80. ServiceNow reported earnings per share of $ 1.52 in the same quarter last year, indicating a positive annual growth rate of 11.2%. The company is scheduled to release next quarterly earnings results on Wednesday, April 27th.
According to Zacks, analysts expect ServiceNow to report full-year revenue of $ 7.36 per share for the current year, with EPS estimates ranging from $ 7.20 to $ 7.88. For the next financial year, analysts expect the business to report earnings of $ 9.41 per share, with EPS estimates ranging from $ 9.11 to $ 10.34. Zacks Investment Research’s EPS calculations are an average based on a survey of seller -side research analysts covering ServiceNow.
ServiceNow (NYSE: NOW) last announced its earnings results on Wednesday, January 26th. The information technology service provider reported $ 1.46 EPS for the quarter, ahead of Thomson Reuters ’consensus estimate of $ 1.43 of $ 0.03. ServiceNow has a net margin of 3.90% and a return on equity of 9.43%. In the same quarter last year, the business earned $ 0.16 revenue per share.
Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group lowered their price target on ServiceNow shares from $ 715.00 to $ 615.00 in a research report on Thursday, January 27th. BMO Capital Markets raised their price target on ServiceNow shares from $ 600.00 to $ 635.00 and gave the company an “outperform” rating in a research report on Thursday, January 27th. Stifel Nicolaus raised their target price on ServiceNow shares from $ 650.00 to $ 725.00 and gave the stock a “buy” rating in a research report on Thursday, October 28th. Citigroup raised their target price on ServiceNow shares from $ 657.00 to $ 675.00 and gave the stock a “buy” rating in a research report on Thursday, January 27th. Finally, Royal Bank of Canada lowered their target price on ServiceNow shares from $ 785.00 to $ 700.00 in a research report on Monday, January 24th. Two analysts rated the stock with a hold rating and twenty-eight gave a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average “Buy” rating and a consensus target price of $ 694.07.
Shares of NOW stock opened at $ 583.72 on Friday. The stock has a market cap of $ 116.74 billion, a P/E ratio of 512.04, a P/E/G ratio of 10.36 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, current ratio of 1.05 and quick ratio of 1.13. The company has a fifty-day average turnover price of $ 592.42 and a two-hundred-day average turnover price of $ 624.61. ServiceNow has a one -year low of $ 448.27 and a one -year high of $ 707.60.
In related news, General Counsel Russell S. Elmer sold 2,092 shares of ServiceNow stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $ 577.99, for a total transaction of $ 1,209,155.08. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Also, Director Frederic B. Luddy sold 15,000 shares of ServiceNow stock in a transaction that occurred on Wednesday, January 12th. The stock was sold at an average price of $ 577.36, for a total transaction of $ 8,660,400.00. The disclosure for this sale can be found here. Over the past 90 days, insiders have sold 29,953 shares of the company’s stock worth $ 17,420,327. 0.35% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Sugarloaf Wealth Management LLC lifted its position in ServiceNow shares by 150.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the information technology services provider’s stock worth $ 25,000 after purchasing an additional 24 shares during the period. 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 lifted its position in ServiceNow shares by 60.0% in the 3rd 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 acquired a new position in shares of ServiceNow in the 3rd quarter valued at approximately $ 31,000. Finally, MV Capital Management Inc. lifted. its position in ServiceNow shares of 96.2% in the 3rd 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 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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