Analysts expect Gartner Inc (NYSE:IT) to post earnings per share of $0.62 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Gartner’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.60. Gartner reported earnings per share of $0.65 during the same quarter last year, which suggests a negative year-over-year growth rate of 4.6%. The company is scheduled to issue its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Gartner will report full year earnings of $3.75 per share for the current fiscal year, with EPS estimates ranging from $3.71 to $3.86. For the next financial year, analysts forecast that the company will report earnings of $4.35 per share, with EPS estimates ranging from $4.16 to $4.47. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Gartner.

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

A number of equities research analysts have commented on IT shares. ValuEngine lowered Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Morgan Stanley raised 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. Piper Jaffray Companies reaffirmed a “hold” rating and set a $116.00 price target on shares of Gartner in a research note on Thursday, August 2nd. TheStreet raised Gartner from a “c” rating to a “b” rating in a research note on Wednesday, August 1st. Finally, Barclays reaffirmed a “buy” rating and set a $155.00 price target on shares of Gartner in a research note on Sunday, August 12th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $143.73.

NYSE IT traded up $1.54 during trading on Friday, reaching $158.45. 1,042,603 shares of the company’s stock were exchanged, compared to its average volume of 476,172. Gartner has a fifty-two week low of $111.57 and a fifty-two week high of $159.92. The firm has a market capitalization of $14.39 billion, a PE ratio of 47.87, a PEG ratio of 2.82 and a beta of 1.19. 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 news, EVP Alwyn Dawkins sold 6,545 shares of Gartner stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $146.89, for a total transaction of $961,395.05. Following the sale, the executive vice president now owns 32,259 shares of the company’s stock, valued at approximately $4,738,524.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eugene A. Hall sold 38,995 shares of Gartner stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $139.26, for a total value of $5,430,443.70. Following the sale, the chief executive officer now directly owns 1,173,882 shares in the company, valued at approximately $163,474,807.32. The disclosure for this sale can be found here. Insiders sold a total of 55,306 shares of company stock worth $7,795,227 over the last three months. 4.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC increased its holdings in Gartner by 11.6% in the second quarter. Janus Henderson Group PLC now owns 5,238,694 shares of the information technology services provider’s stock valued at $696,223,000 after purchasing an additional 543,074 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Gartner by 766.4% in the second quarter. SG Americas Securities LLC now owns 71,986 shares of the information technology services provider’s stock worth $9,567,000 after purchasing an additional 63,677 shares during the period. FDx Advisors Inc. increased its holdings in shares of Gartner by 11.4% in the second quarter. FDx Advisors Inc. now owns 16,467 shares of the information technology services provider’s stock worth $2,188,000 after purchasing an additional 1,683 shares during the period. Burgundy Asset Management Ltd. increased its holdings in shares of Gartner by 3.0% in the second quarter. Burgundy Asset Management Ltd. now owns 423,637 shares of the information technology services provider’s stock worth $56,301,000 after purchasing an additional 12,316 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Gartner by 22.6% in the first quarter. Principal Financial Group Inc. now owns 3,589,077 shares of the information technology services provider’s stock worth $422,148,000 after purchasing an additional 662,107 shares during the period. 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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Earnings History and Estimates for Gartner (NYSE:IT)

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