ServiceNow (NYSE:NOW) will release its earnings data after the market closes on Wednesday, October 28. Analysts expect ServiceNow’s earnings per share for the quarter to be $0.14. Those interested in participating in the company’s earnings conference call can use this link to do so.
ServiceNow (NYSE: NOW) released its latest quarterly performance report on July 29 (Wednesday). The information technology service provider reported earnings per share (EPS) of $1.23 for the quarter, which was $1.03 higher than the Zacks consensus estimate of $0.20. ServiceNow’s return on equity is 11.09%, and its net interest rate is 18.42%. The company’s revenue this quarter was 1.07 billion U.S. dollars, while the market generally expected it to be 1.05 billion U.S. dollars. In the same period last year, the company posted earnings of $0.71 per share. The company’s revenue this quarter increased by 28.4% year-on-year. Analysts on average expect ServiceNow’s earnings per share for this fiscal year to be US$1 and earnings per share for the next fiscal year to be US$1.
On Wednesday, the stock opened at $518.19. ServiceNow has a one-year low of $213.99 and a one-year high of $533.37. The stock’s fifty-day moving average is $480.83, and its 200-day moving average is $410.09. The stock has a market capitalization of US$99.39 billion, a P/E ratio of 140.81, a P/E ratio of 18.62, and a beta of 1.27. The company’s debt-to-equity ratio is 0.28, quick ratio is 1.17, and current ratio is 1.17.
Recently, many stock analysts have commented on the company. Canaccord Genuity raised its target price for ServiceNow from US$375.00 to US$475.00 and gave the stock a “buy” rating in its report on Thursday, July 30. Needham & Company LLC raised the target price of ServiceNow from $440.00 to $481.00 in its report on Monday, July 27, and gave the stock a “buy” rating. Goldman Sachs raised the target price of ServiceNow from $403.00 to $538.00 in its report on Monday, June 29. Credit Suisse Group raised ServiceNow’s price target from US$460.00 to US$465.00 in its report on Thursday, July 30, and gave the company an “outperform” rating. In the end, Stifel Nicolaus raised ServiceNow’s price target from $460.00 to $500.00 in a report on Friday, September 25, and gave the company a “buy” rating. Seven stock research analysts rated the stock as hold, 22 stocks were rated as buy, and one stock was rated as strong. ServiceNow’s current average rating is “Buy” and the average price target is $465.42.
In other ServiceNow news, director Susan L. Bostrom sold 1,500 shares in trading on Friday, August 7. The average price of the stock is $434.30 and the total value is $651,450.00. After the sale, the directors now own 6,888 shares of the company, valued at US$2,991,458.40. The transaction has been disclosed in the SEC legal documents and can be accessed through the SEC website. In addition, CRO Kevin Haverty sold 6,601 shares in trading on Thursday, August 20. The average price of the stock is US$440.43 and the total value is US$2,907,278.43. After the sale is complete, the executives now own 16,337 shares of the company, valued at approximately US$7,195,304.91. The disclosure of this sale can be found here. In the past 90 days, insiders sold a total of 102,787 shares of the company, valued at $48,034,144. Insiders currently own 0.72% of the stock.
ServiceNow company profile
ServiceNow, Inc provides enterprise cloud computing solutions that define, organize, manage and automate services for global enterprises. The company provides information technology (IT) service management applications and digital workflow products for customer service, human resources, security operations, integrated risk management, and other corporate departments.
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