Gartner, Inc. (IT) Releases FY17 Earnings Guidance
Gartner, Inc. (NYSE:IT) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.32-3.49 for the period, compared to the Thomson Reuters consensus estimate of $3.48.
A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reaffirmed a top pick rating and issued a $142.00 target price (up from $130.00) on shares of Gartner in a report on Friday, July 21st. Zacks Investment Research raised shares of Gartner from a hold rating to a buy rating and set a $142.00 target price on the stock in a report on Wednesday, July 19th. Credit Suisse Group reaffirmed an outperform rating and issued a $138.00 target price (up from $130.00) on shares of Gartner in a report on Wednesday. BidaskClub cut shares of Gartner from a strong-buy rating to a buy rating in a report on Wednesday. Finally, TheStreet cut shares of Gartner from a b rating to a c+ rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $126.44.
Gartner, Inc. (NYSE:IT) opened at 120.10 on Thursday. Gartner, Inc. has a 52 week low of $84.54 and a 52 week high of $130.02. The company has a 50-day moving average of $125.93 and a 200-day moving average of $113.97. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 246.61 and a beta of 1.05.
Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, August 8th. The information technology services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.83 by $0.05. The business had revenue of $843.73 million for the quarter, compared to analyst estimates of $892.64 million. Gartner had a net margin of 1.50% and a return on equity of 508.22%. The company’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Equities research analysts forecast that Gartner, Inc. will post $3.44 earnings per share for the current fiscal year.
In other Gartner news, SVP Alwyn Dawkins sold 1,000 shares of Gartner stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $117.86, for a total value of $117,860.00. Following the sale, the senior vice president now owns 28,085 shares of the company’s stock, valued at $3,310,098.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Peter Sondergaard sold 4,172 shares of Gartner stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $111.90, for a total transaction of $466,846.80. Following the completion of the sale, the senior vice president now directly owns 93,765 shares in the company, valued at approximately $10,492,303.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,297 shares of company stock worth $5,793,254. Insiders own 4.40% of the company’s stock.
Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.
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