ServiceNow (NOW) Set to Announce Earnings on Wednesday

ServiceNow (NYSE:NOW) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 24th. Analysts expect ServiceNow to post earnings of $2.85 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.41 by $0.41. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. On average, analysts expect ServiceNow to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ServiceNow Trading Up 0.7 %

NYSE:NOW opened at $756.50 on Tuesday. ServiceNow has a one year low of $527.24 and a one year high of $815.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50-day simple moving average is $741.08 and its 200 day simple moving average is $748.97. The firm has a market capitalization of $155.08 billion, a P/E ratio of 80.91, a PEG ratio of 4.71 and a beta of 0.99.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. William Blair reissued an “outperform” rating on shares of ServiceNow in a research note on Tuesday, May 7th. Wolfe Research reiterated an “outperform” rating and issued a $830.00 target price on shares of ServiceNow in a research note on Friday, May 10th. Wells Fargo & Company upped their target price on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. BMO Capital Markets dropped their target price on shares of ServiceNow from $850.00 to $830.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $820.00 target price on shares of ServiceNow in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $817.50.

Insider Activity at ServiceNow

In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $738.88, for a total transaction of $1,329,984.00. Following the completion of the sale, the chief financial officer now directly owns 13,290 shares of the company’s stock, valued at $9,819,715.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other ServiceNow news, insider Paul John Smith sold 125 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $727.38, for a total transaction of $90,922.50. Following the completion of the sale, the insider now directly owns 3,112 shares of the company’s stock, valued at $2,263,606.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Gina Mastantuono sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $738.88, for a total transaction of $1,329,984.00. Following the sale, the chief financial officer now directly owns 13,290 shares of the company’s stock, valued at $9,819,715.20. The disclosure for this sale can be found here. Insiders have sold a total of 5,530 shares of company stock worth $3,997,012 over the last quarter. Company insiders own 0.25% of the company’s stock.

ServiceNow Company Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.