Equities research analysts forecast that Gartner Inc (NYSE:IT) will report $959.31 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Gartner’s earnings, with the highest sales estimate coming in at $970.50 million and the lowest estimate coming in at $948.12 million. Gartner reported sales of $1.07 billion during the same quarter last year, which would suggest a negative year over year growth rate of 10.3%. The firm is scheduled to announce its next earnings report on Tuesday, August 4th.
According to Zacks, analysts expect that Gartner will report full year sales of $3.84 billion for the current fiscal year, with estimates ranging from $3.81 billion to $3.91 billion. For the next financial year, analysts expect that the business will post sales of $4.41 billion, with estimates ranging from $4.24 billion to $4.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Gartner.
Gartner (NYSE:IT) last announced its quarterly earnings data on Thursday, May 7th. The information technology services provider reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.88. Gartner had a return on equity of 44.23% and a net margin of 6.70%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $0.58 EPS. Gartner’s quarterly revenue was up 5.1% on a year-over-year basis.
In other news, EVP Alwyn Dawkins purchased 1,725 shares of the stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of $125.50 per share, with a total value of $216,487.50. Following the completion of the purchase, the executive vice president now directly owns 41,053 shares of the company’s stock, valued at approximately $5,152,151.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robin B. Kranich sold 2,599 shares of Gartner stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $118.24, for a total value of $307,305.76. Following the completion of the sale, the executive vice president now directly owns 10,806 shares in the company, valued at $1,277,701.44. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.
Several large investors have recently modified their holdings of the company. Carmichael Hill & Associates Inc. purchased a new position in Gartner during the fourth quarter worth approximately $25,000. CFM Wealth Partners LLC purchased a new position in Gartner during the fourth quarter worth approximately $30,000. Aigen Investment Management LP purchased a new position in Gartner during the fourth quarter worth approximately $31,000. Parallel Advisors LLC lifted its position in Gartner by 87.5% during the fourth quarter. Parallel Advisors LLC now owns 210 shares of the information technology services provider’s stock worth $32,000 after buying an additional 98 shares in the last quarter. Finally, Evolution Wealth Advisors LLC lifted its position in Gartner by 1,500.0% during the fourth quarter. Evolution Wealth Advisors LLC now owns 224 shares of the information technology services provider’s stock worth $35,000 after buying an additional 210 shares in the last quarter. 93.45% of the stock is currently owned by hedge funds and other institutional investors.
IT stock traded up $1.78 during trading on Wednesday, reaching $122.88. 357,300 shares of the company traded hands, compared to its average volume of 850,625. The business has a 50 day simple moving average of $111.28 and a 200 day simple moving average of $136.08. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.70 and a current ratio of 0.70. Gartner has a 12 month low of $76.91 and a 12 month high of $171.77. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 3.85 and a beta of 1.48.
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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