Brokerages expect Gartner Inc (NYSE:IT) to post earnings per share (EPS) of $0.86 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Gartner’s earnings. The lowest EPS estimate is $0.77 and the highest is $1.03. Gartner reported earnings per share of $1.20 during the same quarter last year, which indicates a negative year over year growth rate of 28.3%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, February 4th.
On average, analysts expect that Gartner will report full-year earnings of $3.54 per share for the current fiscal year, with EPS estimates ranging from $3.49 to $3.62. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.04 per share, with EPS estimates ranging from $3.96 to $4.16. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Gartner.
Gartner (NYSE:IT) last issued its quarterly earnings data on Thursday, October 31st. The information technology services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.27. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $992.84 million. Gartner had a return on equity of 40.06% and a net margin of 6.04%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS.
Several equities analysts have recently issued reports on IT shares. ValuEngine cut Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. TheStreet cut Gartner from a “b” rating to a “c+” rating in a report on Thursday, October 31st. Jefferies Financial Group started coverage on Gartner in a report on Wednesday, November 27th. They issued a “hold” rating and a $178.00 price objective for the company. Finally, Barclays cut Gartner from an “overweight” rating to an “equal weight” rating and set a $165.00 price objective for the company. in a report on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $156.86.
Shares of IT stock opened at $160.57 on Thursday. The stock has a market cap of $14.36 billion, a PE ratio of 58.60, a price-to-earnings-growth ratio of 3.12 and a beta of 1.20. The business has a 50-day simple moving average of $157.21 and a 200-day simple moving average of $149.93. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 3.08. Gartner has a 52-week low of $124.77 and a 52-week high of $171.77.
In related news, Director Anne Sutherland Fuchs sold 2,000 shares of Gartner stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $158.77, for a total value of $317,540.00. Also, CEO Eugene A. Hall sold 35,020 shares of Gartner stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $160.17, for a total value of $5,609,153.40. Following the completion of the transaction, the chief executive officer now owns 1,269,635 shares of the company’s stock, valued at approximately $203,357,437.95. The disclosure for this sale can be found here. In the last three months, insiders sold 58,981 shares of company stock valued at $9,388,070. Insiders own 4.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in IT. US Bancorp DE increased its position in Gartner by 4.9% during the second quarter. US Bancorp DE now owns 5,727 shares of the information technology services provider’s stock valued at $922,000 after acquiring an additional 265 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Gartner during the second quarter valued at $322,000. Point72 Asset Management L.P. purchased a new stake in Gartner during the second quarter valued at $364,000. Cubist Systematic Strategies LLC purchased a new stake in Gartner during the second quarter valued at $462,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Gartner during the second quarter valued at $76,000. Hedge funds and other institutional investors own 97.09% of the company’s stock.
Gartner Company Profile
Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.
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