Gartner (NYSE:IT) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.39-3.64 for the period, compared to the Thomson Reuters consensus estimate of $3.55. The company issued revenue guidance of $4.22-4.26 billion, compared to the consensus revenue estimate of $4.24 billion.
Several equities analysts have issued reports on the company. Morgan Stanley dropped their price objective on Gartner from $156.00 to $155.00 and set an equal weight rating on the stock in a report on Wednesday, July 31st. BMO Capital Markets decreased their target price on shares of Gartner to $142.00 and set a market perform rating for the company in a research note on Wednesday, July 31st. ValuEngine upgraded shares of Gartner from a hold rating to a buy rating in a research note on Friday, September 6th. TheStreet downgraded shares of Gartner from a b rating to a c+ rating in a research report on Thursday, October 31st. Finally, Bank of America raised their price objective on shares of Gartner from $150.00 to $172.00 and gave the company a buy rating in a research report on Monday, November 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Gartner presently has an average rating of Hold and a consensus target price of $155.40.
Shares of IT opened at $159.94 on Friday. The company has a debt-to-equity ratio of 3.08, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $148.07 and a 200-day simple moving average of $149.71. Gartner has a 1-year low of $120.89 and a 1-year high of $171.77. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 42.20, a price-to-earnings-growth ratio of 3.54 and a beta of 1.23.
Gartner (NYSE:IT) last released its earnings results on Thursday, October 31st. The information technology services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.27. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $992.84 million. Gartner had a net margin of 6.04% and a return on equity of 40.06%. Gartner’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. On average, equities analysts expect that Gartner will post 3.55 earnings per share for the current fiscal year.
In related news, CEO Eugene A. Hall sold 35,020 shares of Gartner stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $160.17, for a total transaction of $5,609,153.40. Following the transaction, the chief executive officer now owns 1,269,635 shares in the company, valued at approximately $203,357,437.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alwyn Dawkins sold 771 shares of Gartner stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $129.52, for a total transaction of $99,859.92. Following the transaction, the executive vice president now owns 34,235 shares in the company, valued at approximately $4,434,117.20. The disclosure for this sale can be found here. Insiders sold a total of 55,933 shares of company stock valued at $8,800,338 over the last ninety days. 4.00% of the stock is owned by corporate insiders.
About Gartner
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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