Gartner (IT) Scheduled to Post Earnings on Tuesday

Gartner (NYSE:IT) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Gartner to post earnings of $2.53 per share for the quarter. Gartner has set its FY 2024 guidance at 10.550- EPS.Investors interested in registering for the company’s conference call can do so using this link.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, beating the consensus estimate of $2.83 by $0.21. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.70 earnings per share. On average, analysts expect Gartner to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Gartner Stock Up 0.6 %

Shares of NYSE:IT opened at $443.06 on Tuesday. The firm has a 50 day simple moving average of $464.91 and a 200-day simple moving average of $436.38. Gartner has a twelve month low of $292.60 and a twelve month high of $486.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60. The company has a market capitalization of $34.55 billion, a PE ratio of 40.06, a P/E/G ratio of 4.02 and a beta of 1.29.

Wall Street Analyst Weigh In

Several research firms have issued reports on IT. Morgan Stanley upped their price objective on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. BMO Capital Markets raised their target price on shares of Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. UBS Group raised shares of Gartner from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $484.00 to $550.00 in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price for the company. Finally, StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $477.60.

Insider Buying and Selling at Gartner

In other news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $455.00, for a total value of $2,275,000.00. Following the sale, the director now owns 638,235 shares of the company’s stock, valued at $290,396,925. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Gartner news, Director James C. Smith sold 5,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total value of $2,275,000.00. Following the completion of the transaction, the director now owns 638,235 shares in the company, valued at $290,396,925. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the sale, the executive vice president now owns 12,269 shares in the company, valued at $5,557,857. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,952 shares of company stock valued at $10,598,070. 3.60% of the stock is owned by company insiders.

About Gartner

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.