Gartner (IT) Releases FY18 Earnings Guidance
Gartner (NYSE:IT) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.71-4.11 for the period, compared to the Thomson Reuters consensus estimate of $3.89. The company issued revenue guidance of $4.105-4.210 billion, compared to the consensus revenue estimate of $4.15 billion.
Several equities analysts have recently issued reports on the company. Cantor Fitzgerald reiterated a buy rating and set a $139.00 price target on shares of Gartner in a research report on Thursday, November 2nd. Royal Bank of Canada reiterated a buy rating and set a $143.00 price target on shares of Gartner in a research report on Friday, November 3rd. Piper Jaffray Companies reiterated a hold rating and set a $130.00 price target on shares of Gartner in a research report on Tuesday, January 23rd. Zacks Investment Research cut Gartner from a hold rating to a sell rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley decreased their target price on Gartner from $131.00 to $127.00 and set an equal weight rating on the stock in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $134.30.
Shares of Gartner (NYSE IT) traded down $2.24 during midday trading on Thursday, hitting $118.22. The company had a trading volume of 388,318 shares, compared to its average volume of 682,364. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38. The firm has a market cap of $10,773.87, a PE ratio of 4,015.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06. Gartner has a twelve month low of $101.20 and a twelve month high of $142.16.
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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