Wall Street brokerages expect that NOW Inc (NYSE:DNOW) will report sales of $807.24 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for NOW’s earnings, with the lowest sales estimate coming in at $800.08 million and the highest estimate coming in at $813.90 million. NOW posted sales of $697.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.8%. The firm is scheduled to report its next quarterly earnings results before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that NOW will report full year sales of $3.12 billion for the current year, with estimates ranging from $3.04 billion to $3.15 billion. For the next year, analysts forecast that the firm will report sales of $3.41 billion per share, with estimates ranging from $3.24 billion to $3.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow NOW.

NOW (NYSE:DNOW) last posted its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.07. NOW had a return on equity of 0.76% and a net margin of 0.14%. The company had revenue of $777.00 million during the quarter, compared to the consensus estimate of $761.78 million. During the same period last year, the business earned ($0.10) EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis.

A number of brokerages recently weighed in on DNOW. Stifel Nicolaus raised their price objective on NOW from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. Cowen raised their price objective on NOW from $12.00 to $15.00 and gave the company a “market perform” rating in a research note on Friday, August 3rd. Robert W. Baird reissued a “hold” rating and issued a $17.00 price objective on shares of NOW in a research note on Friday, August 3rd. Northcoast Research began coverage on NOW in a research note on Tuesday, July 31st. They issued a “neutral” rating on the stock. Finally, ValuEngine raised NOW from a “strong sell” rating to a “sell” rating in a research note on Friday, May 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. NOW has an average rating of “Hold” and an average target price of $14.50.

Shares of DNOW traded up $0.20 during midday trading on Tuesday, reaching $17.25. 2,272,481 shares of the stock were exchanged, compared to its average volume of 1,368,739. NOW has a 12-month low of $9.12 and a 12-month high of $18.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.89 and a quick ratio of 1.45. The company has a market capitalization of $1.85 billion, a PE ratio of 189.44 and a beta of 0.97.

Several large investors have recently made changes to their positions in DNOW. Alliancebernstein L.P. grew its holdings in shares of NOW by 3.5% during the 4th quarter. Alliancebernstein L.P. now owns 169,976 shares of the oil and gas company’s stock worth $1,875,000 after purchasing an additional 5,710 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of NOW by 389.1% during the 4th quarter. Renaissance Technologies LLC now owns 170,700 shares of the oil and gas company’s stock worth $1,883,000 after buying an additional 135,800 shares during the period. Deutsche Bank AG lifted its position in shares of NOW by 40.2% during the 4th quarter. Deutsche Bank AG now owns 625,510 shares of the oil and gas company’s stock worth $6,896,000 after buying an additional 179,212 shares during the period. Jane Street Group LLC bought a new position in shares of NOW during the 4th quarter worth approximately $133,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of NOW during the 4th quarter worth approximately $1,317,000.

About NOW

NOW Inc distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, gaskets, fasteners, electrical products, instrumentations, artificial lift, pumping solutions, valve actuation and modular process, measurement and control equipment, process equipment, pumps, OEM parts, coatings, mill supplies, and safety supplies, as well as provides application systems, work processes, parts integration, optimization solutions, and after-sales support services.

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