International Business Machines Corp. (IBM) Expected to Announce Earnings of $5.17 Per Share

Analysts expect that International Business Machines Corp. (NYSE:IBM) will report earnings of $5.17 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for International Business Machines’ earnings, with the lowest EPS estimate coming in at $5.11 and the highest estimate coming in at $5.23. International Business Machines reported earnings per share of $5.01 in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The company is expected to announce its next earnings report after the market closes on Thursday, January 18th.

According to Zacks, analysts expect that International Business Machines will report full-year earnings of $13.79 per share for the current year, with EPS estimates ranging from $13.65 to $13.84. For the next fiscal year, analysts forecast that the firm will report earnings of $13.86 per share, with EPS estimates ranging from $13.60 to $14.08. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for International Business Machines.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.02. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The firm had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. During the same period last year, the business posted $3.29 EPS. International Business Machines’s quarterly revenue was down .4% on a year-over-year basis.

Several equities analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “hold” rating on shares of International Business Machines in a research note on Friday, October 13th. Zacks Investment Research downgraded International Business Machines from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. BMO Capital Markets reissued a “market perform” rating and set a $170.00 price target (up previously from $167.00) on shares of International Business Machines in a research report on Wednesday, October 18th. JPMorgan Chase & Co. set a $157.00 price target on International Business Machines and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Finally, Citigroup raised their price target on International Business Machines from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $159.90.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in International Business Machines by 3.7% in the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after acquiring an additional 2,241,818 shares during the last quarter. Nordea Investment Management AB boosted its holdings in International Business Machines by 151.2% in the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after acquiring an additional 1,956,033 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in International Business Machines by 1,155.3% in the second quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock valued at $208,923,000 after acquiring an additional 1,249,916 shares during the last quarter. BlackRock Inc. boosted its holdings in International Business Machines by 2.4% in the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after acquiring an additional 1,241,441 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in International Business Machines by 9,678.2% in the third quarter. Stifel Financial Corp now owns 815,897 shares of the technology company’s stock valued at $118,347,000 after acquiring an additional 807,553 shares during the last quarter. Institutional investors and hedge funds own 57.11% of the company’s stock.

International Business Machines (NYSE:IBM) opened at $163.14 on Friday. International Business Machines has a one year low of $139.13 and a one year high of $182.79. The firm has a market capitalization of $151,030.00, a P/E ratio of 13.62, a P/E/G ratio of 2.39 and a beta of 0.94. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09.

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International Business Machines Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Earnings History and Estimates for International Business Machines (NYSE:IBM)

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