ServiceNow (NYSE: NOW-Get Rating) is set to release its earnings data after the market closes on Wednesday, April 27th. Analysts expect ServiceNow to post earnings of $ 0.34 per share for the quarter. People interested in participating in the company’s revenue 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, ahead of Zacks ’consensus estimate of $ 0.22 of $ 0.07. ServiceNow had a return on equity of 9.43% and a net margin of 3.90%. The business 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 posted $ 0.16 EPS. On average, analysts expect ServiceNow to post $ 2 EPS for the current financial year and $ 3 EPS for the next financial year.
NOW shares opened at $ 514.40 on Wednesday. ServiceNow has a 1 year low of $ 448.27 and a year 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. The stock has a 50-day simple moving average of $ 552.84 and a 200-day simple moving average of $ 600.75. The stock has a market cap of $ 102.88 billion, a PE ratio of 451.23, a PEG ratio of 9.72 and a beta of 1.04.
Some brokerages have recently released reports on NOW. BMO Capital Markets raised their target price on ServiceNow from $ 600.00 to $ 635.00 and gave the stock an “outperform” rating in a report on Thursday, January 27th. Exane BNP Paribas cut ServiceNow from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 29th. Piper Sandler raised ServiceNow from a “neutral” rating to an “overweight” rating and set a $ 650.00 target price for the company in a report on Thursday, January 27th. Jefferies Financial Group lowered their price target on ServiceNow from $ 765.00 to $ 700.00 and set a “buy” rating for the company in a report on Thursday, January 27th. Finally, Canaccord Genuity Group lowered their target price on ServiceNow from $ 715.00 to $ 615.00 and set a “buy” rating for the company in a report on Thursday, January 27th. Two equities research analysts rated the stock with a sell rating, three assigned a hold rating and twenty-seven gave a buy rating to the company’s stock. According to MarketBeat.com, the company has an average “Buy” rating and a consensus target price of $ 684.84.
In other 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 transaction was disclosed in a document filed with the SEC, available via this link. Also, CFO Gina Mastantuono sold 193 shares of ServiceNow stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $ 525.00, for a total value of $ 101,325.00. Following the transaction, the chief financial officer now owns 4,011 shares in the company, valued at $ 2,105,775. 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 90 days. 0.35% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Lifted by American International Group Inc. its holdings in ServiceNow were up 4.1% in the third quarter. American International Group Inc. now owns 73,631 shares of the information technology services provider’s stock worth $ 45,818,000 after acquiring an additional 2,910 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in ServiceNow by 36.7% in the fourth quarter. NewEdge Advisors LLC now owns 11,585 shares of the information technology services provider’s stock worth $ 7,520,000 after acquiring an additional 3,110 shares in the last quarter. Toroso Investments LLC raised its holdings in ServiceNow by 37.9% in the fourth quarter. Toroso Investments LLC now owns 7,718 shares of the information technology services provider’s stock worth $ 5,010,000 after acquiring an additional 2,123 shares in the last quarter. Peapack Gladstone Financial Corp lifted its holdings in ServiceNow by 3.4% in the fourth quarter. Peapack Gladstone Financial Corp. now owns 1,965 shares of the information technology services provider’s stock worth $ 1,276,000 after acquiring an additional 65 shares in the last quarter. Finally, Horizon Investments LLC lifted its holdings in ServiceNow by 10.2% in the fourth quarter. Horizon Investments LLC now owns 1,410 shares of the information technology services provider’s stock worth $ 915,000 after acquiring an additional 130 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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