DNOW (DNOW) to Release Earnings on Friday

DNOW (NYSE:DNOW) is scheduled to release its earnings data before the market opens on Friday, May 10th. Analysts expect DNOW to post earnings of $0.23 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

DNOW (NYSE:DNOW) last posted its earnings results on Thursday, February 15th. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. DNOW had a return on equity of 11.60% and a net margin of 10.64%. The firm had revenue of $555.00 million for the quarter, compared to analysts’ expectations of $540.83 million. During the same period last year, the firm earned $0.25 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. On average, analysts expect DNOW to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DNOW Stock Performance

Shares of DNOW stock opened at $14.71 on Thursday. The firm has a market capitalization of $1.60 billion, a PE ratio of 6.51 and a beta of 1.48. DNOW has a 1 year low of $8.83 and a 1 year high of $15.57. The stock has a fifty day moving average of $14.72 and a two-hundred day moving average of $12.13.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DNOW shares. StockNews.com cut shares of DNOW from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Susquehanna increased their price objective on DNOW from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus increased their price target on DNOW from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, March 28th.

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.