Brokerages Expect Gartner Inc (IT) to Announce $0.62 Earnings Per Share

Equities research analysts expect Gartner Inc (NYSE:IT) to announce $0.62 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Gartner’s earnings, with estimates ranging from $0.60 to $0.64. Gartner reported earnings of $0.65 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 4.6%. The company is expected to report its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Gartner will report full year earnings of $3.74 per share for the current fiscal year, with EPS estimates ranging from $3.71 to $3.86. For the next year, analysts forecast that the company will post earnings of $4.35 per share, with EPS estimates ranging from $4.16 to $4.47. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Gartner.

Gartner (NYSE:IT) last issued its quarterly earnings results on Wednesday, August 1st. The information technology services provider reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $985.98 million. Gartner had a return on equity of 35.04% and a net margin of 2.25%. Gartner’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS.

IT has been the topic of a number of analyst reports. ValuEngine cut Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. BMO Capital Markets lifted their price target on Gartner from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 9th. Morgan Stanley lifted their price target on Gartner from $133.00 to $140.00 and gave the stock a “$140.13” rating in a research note on Wednesday, July 18th. Zacks Investment Research cut Gartner from a “hold” rating to a “sell” rating in a research note on Tuesday, April 24th. Finally, TheStreet cut Gartner from a “b-” rating to a “c” rating in a research note on Tuesday, May 8th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $141.64.

IT traded up $1.80 during trading on Monday, reaching $144.92. The company had a trading volume of 574,400 shares, compared to its average volume of 663,596. The stock has a market capitalization of $12.74 billion, a P/E ratio of 43.80, a P/E/G ratio of 2.59 and a beta of 1.16. Gartner has a 12-month low of $111.57 and a 12-month high of $145.35. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.33.

In other Gartner news, EVP Alwyn Dawkins sold 566 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $139.69, for a total transaction of $79,064.54. Following the completion of the sale, the executive vice president now directly owns 30,254 shares in the company, valued at approximately $4,226,181.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robin B. Kranich sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $140.09, for a total value of $560,360.00. Following the sale, the executive vice president now owns 16,916 shares of the company’s stock, valued at $2,369,762.44. The disclosure for this sale can be found here. Insiders have sold a total of 48,011 shares of company stock valued at $6,678,216 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Aurora Investment Counsel boosted its position in Gartner by 5.2% during the 2nd quarter. Aurora Investment Counsel now owns 7,691 shares of the information technology services provider’s stock worth $1,022,000 after acquiring an additional 380 shares during the period. Profund Advisors LLC lifted its holdings in shares of Gartner by 14.7% during the 1st quarter. Profund Advisors LLC now owns 3,153 shares of the information technology services provider’s stock valued at $371,000 after buying an additional 403 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Gartner by 0.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 56,643 shares of the information technology services provider’s stock valued at $6,663,000 after buying an additional 406 shares during the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Gartner by 11.4% during the 1st quarter. Summit Trail Advisors LLC now owns 4,342 shares of the information technology services provider’s stock valued at $453,000 after buying an additional 443 shares during the last quarter. Finally, BBR Partners LLC lifted its holdings in shares of Gartner by 1.7% during the 1st quarter. BBR Partners LLC now owns 28,698 shares of the information technology services provider’s stock valued at $3,375,000 after buying an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. 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 our 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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