DNOW (DNOW) to Release Quarterly Earnings on Wednesday

DNOW (NYSE:DNOW - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $587.17 million for the quarter.

DNOW (NYSE:DNOW - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The oil and gas company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.11 by $0.14. DNOW had a return on equity of 9.04% and a net margin of 3.41%. On average, analysts expect DNOW to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DNOW Stock Up 2.9 %

Shares of DNOW stock traded up $0.46 on Friday, hitting $16.55. The stock had a trading volume of 516,965 shares, compared to its average volume of 925,801. DNOW has a one year low of $11.42 and a one year high of $18.45. The business has a 50 day moving average price of $15.72 and a 200 day moving average price of $14.65. The company has a market cap of $1.75 billion, a PE ratio of 22.67 and a beta of 1.21.

DNOW declared that its Board of Directors has approved a share repurchase program on Friday, January 24th that allows the company to repurchase $160.00 million in shares. This repurchase authorization allows the oil and gas company to reacquire up to 10% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stifel Nicolaus increased their target price on DNOW from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Susquehanna cut their target price on DNOW from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com raised shares of DNOW from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th.

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.