NOW Inc (NYSE:DNOW) – Capital One Financial issued their Q1 2020 earnings per share (EPS) estimates for NOW in a report released on Wednesday, January 8th, Zacks Investment Research reports. Capital One Financial analyst L. Lemoine anticipates that the oil and gas company will post earnings of $0.04 per share for the quarter. Capital One Financial also issued estimates for NOW’s Q2 2020 earnings at $0.07 EPS, Q3 2020 earnings at $0.10 EPS, Q4 2020 earnings at $0.08 EPS, FY2020 earnings at $0.30 EPS and FY2021 earnings at $0.40 EPS.

NOW (NYSE:DNOW) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. NOW had a return on equity of 3.45% and a net margin of 1.89%. The firm had revenue of $751.00 million during the quarter, compared to analysts’ expectations of $764.07 million. During the same quarter last year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year.

Shares of NOW stock traded down $0.19 during trading hours on Friday, hitting $10.37. 740,606 shares of the company’s stock traded hands, compared to its average volume of 787,742. The company has a fifty day simple moving average of $11.32 and a 200-day simple moving average of $11.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.44 and a quick ratio of 1.28. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 20.33 and a beta of 1.42. NOW has a 12-month low of $10.00 and a 12-month high of $15.93.

Hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP raised its holdings in shares of NOW by 51.5% in the 3rd quarter. First Trust Advisors LP now owns 93,582 shares of the oil and gas company’s stock valued at $1,073,000 after acquiring an additional 31,816 shares in the last quarter. Dupont Capital Management Corp grew its holdings in NOW by 10.2% in the 3rd quarter. Dupont Capital Management Corp now owns 12,897 shares of the oil and gas company’s stock worth $148,000 after acquiring an additional 1,197 shares during the last quarter. Strs Ohio bought a new stake in NOW in the 3rd quarter worth $346,000. SG Americas Securities LLC grew its holdings in NOW by 24.2% in the 3rd quarter. SG Americas Securities LLC now owns 163,847 shares of the oil and gas company’s stock worth $1,879,000 after acquiring an additional 31,881 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of NOW by 1.6% in the third quarter. California State Teachers Retirement System now owns 169,416 shares of the oil and gas company’s stock valued at $1,943,000 after acquiring an additional 2,647 shares during the period.

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, and measurement and control equipment; and mill supplies, tools, safety supplies, and personal protective equipment, as well as applied products and applications, such as artificial lift systems, coatings, and other expendable items.

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