Equities research analysts expect ServiceNow, Inc. (NYSE: NOW-Get Rating) will post sales of $ 1.69 billion for the current quarter, according to Zacks Investment Research. Ten analysts provided estimates for ServiceNow’s earnings. The highest estimated sales were $ 1.71 billion and the lowest was $ 1.68 billion. ServiceNow posted sales of $ 1.36 billion in the same quarter last year, which would indicate a positive annual growth rate of 24.3%. The company is scheduled to announce its next earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect ServiceNow to report full-year sales of $ 7.39 billion for the current fiscal year, with estimates ranging from $ 7.31 billion to $ 7.42 billion. For the next financial year, analysts forecast that the company will report sales of $ 9.18 billion, with estimates ranging from $ 9.08 billion to $ 9.29 billion. Zacks ’sales averages are an average based on a survey of research analysts covering ServiceNow.
ServiceNow (NYSE: NOW-Get Rating) last released its earnings results on Wednesday, January 26th. The information technology service provider reported $ 0.29 EPS for the quarter, ahead of analysts ’consensus estimates of $ 0.22 of $ 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 for the quarter, compared to the consensus estimate of $ 1.60 billion. In the same period last year, the company earned $ 0.16 EPS.
A number of analysts recently commented on the stock. Barclays lowered their target price on ServiceNow shares from $ 680.00 to $ 652.00 and set an “overweight” rating on the stock in a report on Thursday, January 27th. Citigroup boosted their price target on ServiceNow shares from $ 657.00 to $ 675.00 and gave the stock a “buy” rating in a report on Thursday, January 27th. Morgan Stanley boosted their price target on shares of ServiceNow from $ 807.00 to $ 810.00 and gave the stock an “overweight” rating in a report on Thursday, January 27th. Canaccord Genuity Group lowered their target price on ServiceNow shares from $ 715.00 to $ 615.00 and set a “buy” rating on the stock in a research report on Thursday, January 27th. Finally, Exane BNP Paribas downgraded ServiceNow shares from a “neutral” rating to an “underperform” rating in a research report on Tuesday, March 29th. Two investment analysts rated the stock with a sell rating, three issued a hold rating and twenty-seven gave a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average “Buy” rating and an average price target of $ 686.52.
In other news, 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 value of $ 101,325.00. Following the completion of the sale, the chief financial officer now directly owns 4,011 shares in the company, valued at $ 2,105,775. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this link. Also, insider Christopher Bedi sold 700 shares of the business’s stock in a transaction on Friday, January 28th. The stock was sold at an average price of $ 528.69, for a total transaction of $ 370,083.00. The disclosure for this sale can be found here. Insiders have sold 32,141 shares of the company’s stock worth $ 18,355,758 over the past three months. Insiders own 0.35% of the company’s stock.
Some institutional investors have recently changed their holdings in the company. Halbert Hargrove Global Advisors LLC strengthened its position in ServiceNow shares by 3.9% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 431 shares of the information technology services provider’s stock worth $ 268,000 after buying an additional 16 shares in the last quarter. Nwam LLC lifted its holdings in ServiceNow by 4.5% in the third quarter. Nwam LLC now owns 415 shares of the information technology services provider’s stock worth $ 258,000 after acquiring an additional 18 shares in the last quarter. Baystate Wealth Management LLC increased its stake 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 acquiring an additional 18 shares during the period. Eagle Bay Advisors LLC increased its stake in ServiceNow by 75.0% in the third quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after acquiring an additional 18 shares during the period. Finally, Cavalier Investments LLC increased its holdings in ServiceNow shares by 0.7% in the fourth quarter. Cavalier Investments LLC now owns 2,475 shares of the information technology services provider’s stock worth $ 1,607,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 86.63% of the company’s stock.
The NYSE NOW opened at $ 507.33 on Friday. The company has a debt-to-equity ratio of 0.40, current ratio of 1.05 and quick ratio of 1.05. The company’s 50 day simple moving average is $ 556.71 and its 200 day simple moving average is $ 602.55. ServiceNow has a 12 -month low of $ 448.27 and a 12 -month high of $ 707.60. The company has a market capitalization of $ 101.47 billion, a P/E ratio of 445.03, a PEG ratio of 10.08 and a beta of 1.04.
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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