Gartner (NYSE:IT) Issues FY 2019 Earnings Guidance

Gartner (NYSE:IT) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $3.39-3.64 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.95. The company issued revenue guidance of $4.22-4.26 billion, compared to the consensus revenue estimate of $4.26 billion.Gartner also updated its FY19 guidance to $3.39-3.64 EPS.

Several equities research analysts have issued reports on the company. BMO Capital Markets cut their target price on Gartner to $142.00 and set a market perform rating for the company in a research note on Wednesday. Cantor Fitzgerald raised their target price on Gartner from $141.00 to $152.00 and gave the stock a neutral rating in a research note on Wednesday, May 8th. ValuEngine cut Gartner from a buy rating to a hold rating in a research note on Thursday. Zacks Investment Research raised Gartner from a sell rating to a hold rating in a research note on Thursday, May 9th. Finally, Morgan Stanley dropped their price objective on Gartner from $156.00 to $155.00 and set an equal weight rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $147.63.

Shares of NYSE IT opened at $135.89 on Friday. Gartner has a twelve month low of $120.89 and a twelve month high of $171.77. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.67 and a quick ratio of 0.67. The company has a fifty day moving average price of $163.60. The firm has a market capitalization of $12.46 billion, a PE ratio of 35.85, a PEG ratio of 2.78 and a beta of 1.26.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.27. Gartner had a return on equity of 38.95% and a net margin of 5.43%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. As a group, analysts expect that Gartner will post 3.52 EPS for the current year.

In related news, EVP Robin B. Kranich sold 6,366 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $154.27, for a total transaction of $982,082.82. Following the completion of the transaction, the executive vice president now directly owns 10,265 shares of the company’s stock, valued at approximately $1,583,581.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Patrick Diliberto sold 700 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $154.00, for a total value of $107,800.00. Following the transaction, the executive vice president now directly owns 8,652 shares of the company’s stock, valued at $1,332,408. The disclosure for this sale can be found here. Insiders sold 13,610 shares of company stock valued at $2,103,725 over the last ninety days. Insiders own 4.00% of the company’s stock.

About Gartner

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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Earnings History and Estimates for Gartner (NYSE:IT)

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