DNOW (DNOW) to Release Earnings on Wednesday

DNOW (NYSE:DNOW - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect DNOW to post earnings of $0.19 per share and revenue of $587.17 million for the quarter.

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

DNOW Trading Down 1.7 %

NYSE:DNOW traded down $0.28 during trading hours on Monday, hitting $16.25. 208,201 shares of the company traded hands, compared to its average volume of 924,840. DNOW has a twelve month low of $11.42 and a twelve month high of $18.45. The firm has a 50-day moving average of $15.72 and a 200 day moving average of $14.68. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 22.27 and a beta of 1.20.

DNOW declared that its board has initiated a stock repurchase program on Friday, January 24th that authorizes the company to buyback $160.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire up to 10% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have commented on DNOW. Stifel Nicolaus raised their price objective on DNOW from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. StockNews.com upgraded shares of DNOW from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Finally, Susquehanna dropped their price target on shares of DNOW from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, April 14th.

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.