Equities analysts predict that Gartner Inc (NYSE:IT) will report $929.10 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Gartner’s earnings, with estimates ranging from $926.90 million to $933.50 million. Gartner reported sales of $625.17 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 48.6%. The firm is expected to announce its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, 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 anticipate that the company will post sales of $4.58 billion per share, with estimates ranging from $4.50 billion to $4.64 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.15). Gartner had a net margin of 0.10% and a return on equity of 42.47%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The company’s revenue for the quarter was up 44.3% on a year-over-year basis.
In related news, CEO Eugene A. Hall sold 15,891 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $117.28, for a total transaction of $1,863,696.48. Following the sale, the chief executive officer now owns 1,173,780 shares in the company, valued at approximately $137,660,918.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robin B. Kranich sold 5,713 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $116.15, for a total value of $663,564.95. The disclosure for this sale can be found here. Insiders have sold a total of 71,291 shares of company stock worth $8,310,331 in the last 90 days. 4.30% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC grew its position in shares of Gartner by 466.7% in the 2nd quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock valued at $120,000 after buying an additional 798 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of Gartner in the 4th quarter valued at about $145,000. Tower Research Capital LLC TRC grew its position in shares of Gartner by 552.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,475 shares of the information technology services provider’s stock valued at $182,000 after buying an additional 1,249 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Gartner by 52.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock valued at $183,000 after buying an additional 505 shares during the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of Gartner in the 3rd quarter valued at about $185,000. Institutional investors and hedge funds own 96.97% of the company’s stock.
Shares of Gartner (IT) traded up $0.36 on Friday, hitting $113.77. The stock had a trading volume of 1,114,061 shares, compared to its average volume of 734,277. Gartner has a one year low of $101.86 and a one year high of $142.16. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $10,509.17, a price-to-earnings ratio of 3,792.33, a price-to-earnings-growth ratio of 1.91 and a beta of 1.06.
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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