Gartner (NYSE:IT) Issues FY 2025 Earnings Guidance

Gartner (NYSE:IT) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 11.450- for the period, compared to the consensus earnings per share estimate of 13.080. The company issued revenue guidance of $6.6 billion-, compared to the consensus revenue estimate of $6.7 billion.

Gartner Price Performance

Shares of IT opened at $538.25 on Thursday. The stock has a market cap of $41.52 billion, a P/E ratio of 39.78, a price-to-earnings-growth ratio of 3.37 and a beta of 1.34. Gartner has a 1 year low of $411.15 and a 1 year high of $584.01. The stock’s 50-day moving average price is $509.41 and its two-hundred day moving average price is $505.86. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm earned $3.04 EPS. Gartner’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts predict that Gartner will post 11.87 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Morgan Stanley lowered their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $525.00 to $600.00 in a report on Friday, January 10th. Robert W. Baird increased their target price on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $552.63.

Insider Activity at Gartner

In other news, Director James C. Smith sold 17,533 shares of Gartner stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the sale, the director now directly owns 532,294 shares in the company, valued at $291,212,724.46. This trade represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares of the company’s stock, valued at $3,827,600.94. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,583 shares of company stock valued at $13,884,374. 3.60% of the stock is owned by 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.