Gartner (IT) Set to Announce Quarterly Earnings on Tuesday

Gartner (NYSE:IT - Get Free Report) will be releasing its earnings data before the market opens on Tuesday, November 5th. Analysts expect Gartner to post earnings of $2.45 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter last year, the business posted $2.85 EPS. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts expect Gartner to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Gartner Stock Up 0.7 %

Shares of NYSE IT traded up $3.58 during mid-day trading on Tuesday, hitting $518.25. 230,027 shares of the stock traded hands, compared to its average volume of 366,268. The stock has a fifty day moving average price of $505.95 and a 200-day moving average price of $470.26. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $40.23 billion, a price-to-earnings ratio of 51.57, a PEG ratio of 3.25 and a beta of 1.32. Gartner has a 52 week low of $324.98 and a 52 week high of $535.29.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Wells Fargo & Company lifted their price objective on Gartner from $435.00 to $460.00 and gave the company an "underweight" rating in a research note on Monday, October 14th. Morgan Stanley increased their target price on Gartner from $490.00 to $528.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Robert W. Baird lifted their price target on Gartner from $517.00 to $565.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets increased their price objective on shares of Gartner from $450.00 to $510.00 and gave the company a "market perform" rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $532.86.

Insiders Place Their Bets

In related news, Director Karen E. Dykstra sold 1,683 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $465.55, for a total transaction of $783,520.65. Following the transaction, the director now owns 19,825 shares in the company, valued at $9,229,528.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total value of $505,490.00. Following the transaction, the executive vice president now owns 56,650 shares in the company, valued at $28,636,008.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Karen E. Dykstra sold 1,683 shares of the business's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $465.55, for a total transaction of $783,520.65. Following the sale, the director now owns 19,825 shares of the company's stock, valued at $9,229,528.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,164 shares of company stock valued at $32,601,014. 3.60% of the stock is owned by insiders.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.