EPS for NOW (DNOW) Expected At $-0.02; Reliance Trust Has Cut General Electric Co (GE) Stake By $318,249

October 12, 2017 - By Henry Gaston

Reliance Trust decreased General Electric Co (GE) stake by 4.5% reported in 2017Q2 SEC filing. Reliance Trust sold 11,787 shares as General Electric Co (GE)’s stock declined 7.64%. The Reliance Trust holds 250,294 shares with $6.76M value, down from 262,081 last quarter. General Electric Co now has $198.83 billion valuation. The stock declined 0.39% or $0.09 reaching $22.98 per share. About 26.90 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since October 12, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Analysts expect NOW Inc (NYSE:DNOW) to report $-0.02 EPS on November, 1 before the open.They anticipate $0.32 EPS change or 94.12% from last quarter’s $-0.34 EPS. After having $-0.10 EPS previously, NOW Inc’s analysts see -80.00% EPS growth. About 410,980 shares traded. NOW Inc (NYSE:DNOW) has risen 9.86% since October 12, 2016 and is uptrending. It has underperformed by 6.84% the S&P500.

Since May 15, 2017, it had 3 buys, and 0 sales for $3.37 million activity. Beattie William G bought $448,800 worth of General Electric Company (NYSE:GE) on Monday, May 15. $2.81 million worth of stock was bought by IMMELT JEFFREY R on Monday, May 15.

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 20 before the open. They expect $0.50 earnings per share, up 56.25% or $0.18 from last year’s $0.32 per share. GE’s profit will be $4.33B for 11.49 P/E if the $0.50 EPS becomes a reality. After $0.28 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 78.57% EPS growth.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.03, from 0.82 in 2017Q1. It dived, as 85 investors sold GE shares while 816 reduced holdings. 111 funds opened positions while 598 raised stakes. 4.61 billion shares or 0.66% more from 4.58 billion shares in 2017Q1 were reported. Kenmare Prns Limited Liability Corporation accumulated 171,400 shares or 5.54% of the stock. Fincl Mngmt reported 8,558 shares. Sageworth Tru has 150 shares. Fiduciary holds 1.41% or 1.71 million shares in its portfolio. Torray Lc owns 549,160 shares. Court Place Advisors Ltd reported 2.64% stake. Meridian Investment Counsel Incorporated reported 66,300 shares stake. Btr Mngmt Inc accumulated 1.46% or 263,161 shares. Signaturefd Limited Liability Company stated it has 0.34% of its portfolio in General Electric Company (NYSE:GE). 13,917 are owned by Hm Ltd Liability Company. First Wilshire Secs Mgmt Incorporated reported 0.59% of its portfolio in General Electric Company (NYSE:GE). Tdam Usa has invested 1.43% in General Electric Company (NYSE:GE). Jarislowsky Fraser Limited owns 3.85M shares or 0.66% of their US portfolio. Chem Bank & Trust owns 331,397 shares or 0.98% of their US portfolio. Weybosset Research And Mgmt Lc holds 0.35% of its portfolio in General Electric Company (NYSE:GE) for 19,863 shares.

Among 23 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 9 Hold. Therefore 48% are positive. General Electric Company had 62 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by BMO Capital Markets on Thursday, March 23. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, July 25. Barclays Capital maintained General Electric Company (NYSE:GE) on Monday, October 5 with “Overweight” rating. The company was maintained on Monday, July 10 by RBC Capital Markets. The rating was maintained by Credit Suisse on Monday, November 23 with “Outperform”. The firm has “Buy” rating by UBS given on Friday, October 14. The stock of General Electric Company (NYSE:GE) has “Perform” rating given on Monday, September 21 by Oppenheimer. The rating was maintained by J.P. Morgan with “Sell” on Monday, October 9. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Tuesday, October 20 by S&P Research. The firm earned “Underweight” rating on Thursday, May 12 by JP Morgan.

Since May 24, 2017, it had 1 insider buy, and 0 selling transactions for $87,650 activity. Crandell James had bought 5,000 shares worth $87,650 on Wednesday, May 24.

NOW Inc. is a global distributor to the gas and oil and industrial markets. The company has market cap of $1.43 billion. The Firm operates under the DistributionNOW and Wilson Export brands. It currently has negative earnings. The Company’s divisions include the United States, Canada and International.

Among 11 analysts covering Now Inc (NYSE:DNOW), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Now Inc had 27 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Stephens given on Friday, May 5. KeyCorp maintained NOW Inc (NYSE:DNOW) on Monday, May 29 with “Overweight” rating. The stock has “Neutral” rating by Credit Suisse on Tuesday, September 15. Cowen & Co maintained NOW Inc (NYSE:DNOW) rating on Friday, October 6. Cowen & Co has “Hold” rating and $14.0 target. The stock of NOW Inc (NYSE:DNOW) earned “Buy” rating by Robert W. Baird on Friday, September 8. The stock of NOW Inc (NYSE:DNOW) has “Hold” rating given on Friday, July 7 by Cowen & Co. Susquehanna upgraded the shares of DNOW in report on Tuesday, January 10 to “Positive” rating. Stephens downgraded it to “Equal Weight” rating and $19 target in Thursday, August 6 report. The stock of NOW Inc (NYSE:DNOW) earned “Buy” rating by Stifel Nicolaus on Thursday, July 6. The stock of NOW Inc (NYSE:DNOW) has “Buy” rating given on Thursday, May 4 by Seaport Global.


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