FY2025 Earnings Estimate for NOV Issued By Zacks Research

Key Points

• Zacks Research has raised its FY2025 earnings estimate for NOV Inc., projecting earnings per share (EPS) to be $0.94, an increase from the previous estimate of $0.93.
• The company's quarterly earnings report showed an EPS of $0.29, which was a miss against the consensus estimate of $0.30, despite revenue surpassing expectations at $2.19 billion.
• Institutional investors hold 93.27% of NOV's stock, indicating strong institutional interest in the company.

NOV Inc. (NYSE:NOV - Free Report) - Equities research analysts at Zacks Research raised their FY2025 earnings per share (EPS) estimates for shares of NOV in a note issued to investors on Thursday, October 16th. Zacks Research analyst Team now anticipates that the oil and gas exploration company will post earnings per share of $0.94 for the year, up from their previous forecast of $0.93. Zacks Research has a "Hold" rating on the stock. The consensus estimate for NOV's current full-year earnings is $1.40 per share. Zacks Research also issued estimates for NOV's Q4 2025 earnings at $0.23 EPS, Q1 2026 earnings at $0.20 EPS and Q2 2026 earnings at $0.24 EPS.

NOV (NYSE:NOV - Get Free Report) last announced its earnings results on Monday, July 28th. The oil and gas exploration company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.16 billion. NOV had a return on equity of 7.25% and a net margin of 5.36%.The firm's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share. NOV has set its Q3 2025 guidance at EPS.

Other research analysts have also issued reports about the company. Stifel Nicolaus lowered their target price on NOV from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Citigroup lifted their price objective on NOV from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered their price objective on NOV from $19.00 to $18.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Piper Sandler lowered their price objective on NOV from $16.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of NOV in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $15.79.

NOV Stock Down 0.1%

Shares of NYSE:NOV opened at $12.68 on Monday. The firm has a market cap of $4.71 billion, a P/E ratio of 10.39, a P/E/G ratio of 3.77 and a beta of 1.26. The company has a quick ratio of 1.72, a current ratio of 2.58 and a debt-to-equity ratio of 0.26. NOV has a 12-month low of $10.84 and a 12-month high of $16.86. The business has a fifty day simple moving average of $12.95 and a 200 day simple moving average of $12.76.

NOV Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were paid a $0.075 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.30 annualized dividend and a dividend yield of 2.4%. NOV's dividend payout ratio (DPR) is currently 24.59%.

Institutional Trading of NOV

Large investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in shares of NOV in the 1st quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of NOV in the 1st quarter valued at about $36,000. CoreFirst Bank & Trust bought a new stake in NOV during the 2nd quarter worth approximately $35,000. Quarry LP increased its holdings in NOV by 119.7% during the 1st quarter. Quarry LP now owns 3,407 shares of the oil and gas exploration company's stock worth $52,000 after purchasing an additional 1,856 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in NOV by 395.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,660 shares of the oil and gas exploration company's stock worth $45,000 after purchasing an additional 2,921 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors and hedge funds.

NOV Company Profile

NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.

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