Equities research analysts expect Gartner Inc (NYSE:IT) to report sales of $929.10 million for the current quarter, Zacks reports. Three analysts have issued estimates for Gartner’s earnings, with estimates ranging from $926.90 million to $933.50 million. Gartner posted sales of $625.17 million during the same quarter last year, which suggests a positive year-over-year growth rate of 48.6%. The company is scheduled to issue its next earnings report on Thursday, May 3rd.
On average, analysts expect that Gartner will report full year sales of $929.10 million for the current fiscal year, with estimates ranging from $4.13 billion to $4.17 billion. For the next year, analysts forecast that the company will post sales of $4.58 billion per share, with estimates ranging from $4.50 billion to $4.64 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Gartner.
Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.15). The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Gartner had a net margin of 0.10% and a return on equity of 42.47%. The business’s revenue for the quarter was up 44.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS.
Shares of Gartner (NYSE:IT) opened at $124.08 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.95. The firm has a market cap of $11,155.20, a P/E ratio of 37.22, a P/E/G ratio of 2.02 and a beta of 1.22. Gartner has a fifty-two week low of $107.00 and a fifty-two week high of $142.16.
In other Gartner news, EVP Peter Sondergaard sold 5,500 shares of Gartner stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $120.76, for a total transaction of $664,180.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robin B. Kranich sold 5,064 shares of Gartner stock in a transaction on Monday, March 5th. The stock was sold at an average price of $118.19, for a total transaction of $598,514.16. Following the sale, the executive vice president now directly owns 17,420 shares of the company’s stock, valued at approximately $2,058,869.80. The disclosure for this sale can be found here. Insiders have sold a total of 81,855 shares of company stock valued at $9,573,026 in the last ninety days. Company insiders own 4.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fiduciary Trust Co. boosted its position in shares of Gartner by 8.6% during the fourth quarter. Fiduciary Trust Co. now owns 4,949 shares of the information technology services provider’s stock worth $610,000 after purchasing an additional 393 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Gartner by 3.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 11,871 shares of the information technology services provider’s stock worth $1,462,000 after purchasing an additional 422 shares in the last quarter. Norinchukin Bank The boosted its position in shares of Gartner by 7.5% during the third quarter. Norinchukin Bank The now owns 6,744 shares of the information technology services provider’s stock worth $839,000 after purchasing an additional 468 shares in the last quarter. Strs Ohio boosted its position in shares of Gartner by 5.4% during the fourth quarter. Strs Ohio now owns 9,314 shares of the information technology services provider’s stock worth $1,147,000 after purchasing an additional 478 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Gartner by 32.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,021 shares of the information technology services provider’s stock worth $249,000 after purchasing an additional 491 shares in the last quarter. 96.78% of the stock is owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.