DNOW (DNOW) to Release Earnings on Thursday

DNOW (NYSE:DNOW) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

DNOW (NYSE:DNOW) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). DNOW had a return on equity of 9.93% and a net margin of 9.70%. The company had revenue of $633.00 million for the quarter, compared to the consensus estimate of $638.20 million. On average, analysts expect DNOW to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DNOW Stock Down 0.0 %

Shares of DNOW stock opened at $11.65 on Thursday. DNOW has a 12 month low of $9.44 and a 12 month high of $15.65. The company has a market cap of $1.24 billion, a PE ratio of 5.62 and a beta of 1.43. The business’s 50 day moving average is $12.51 and its two-hundred day moving average is $13.42.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DNOW. StockNews.com upgraded shares of DNOW from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Susquehanna dropped their price objective on DNOW from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Finally, Stifel Nicolaus increased their target price on DNOW from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 18th.

DNOW Company Profile

DNOW Inc distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations in the United States, Canada, and internationally. The company provides consumable maintenance, repair, and operating supplies; pipes, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical instrumentations, artificial lift, pumping solutions, valve actuation and modular process, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as artificial lift systems, coatings, and miscellaneous expendable items.