Wall Street brokerages expect that IBM (NYSE:IBM) will announce $4.90 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for IBM’s earnings. The highest EPS estimate is $4.98 and the lowest is $4.84. IBM posted earnings per share of $5.18 during the same quarter last year, which would suggest a negative year over year growth rate of 5.4%. The company is expected to announce its next quarterly earnings results on Thursday, January 17th.
On average, analysts expect that IBM will report full-year earnings of $13.80 per share for the current year, with EPS estimates ranging from $13.78 to $13.82. For the next financial year, analysts anticipate that the company will report earnings of $14.15 per share, with EPS estimates ranging from $13.65 to $15.07. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow IBM.
IBM (NYSE:IBM) last issued its quarterly earnings data on Tuesday, October 16th. The technology company reported $3.42 EPS for the quarter, topping the consensus estimate of $3.40 by $0.02. The firm had revenue of $18.76 billion during the quarter, compared to the consensus estimate of $19.04 billion. IBM had a return on equity of 69.84% and a net margin of 7.13%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.30 earnings per share.
A number of analysts recently commented on the company. Bank of America reaffirmed a “buy” rating and set a $200.00 price target on shares of IBM in a research report on Wednesday. BMO Capital Markets decreased their price target on IBM from $172.00 to $164.00 and set a “market perform” rating for the company in a research report on Wednesday. Cantor Fitzgerald decreased their price target on IBM from $152.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. set a $160.00 price target on IBM and gave the company a “neutral” rating in a research report on Wednesday. Finally, Morgan Stanley decreased their price target on IBM from $185.00 to $168.00 and set an “overweight” rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $165.48.
Shares of IBM opened at $134.05 on Monday. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.32 and a quick ratio of 1.27. The company has a market cap of $138.02 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 2.20 and a beta of 0.87. IBM has a 12 month low of $133.42 and a 12 month high of $171.13.
In other news, insider Diane J. Gherson sold 11,451 shares of the firm’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $145.42, for a total value of $1,665,204.42. Following the completion of the transaction, the insider now directly owns 19,114 shares of the company’s stock, valued at $2,779,557.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of IBM. Schroder Investment Management Group boosted its stake in IBM by 24.1% during the second quarter. Schroder Investment Management Group now owns 1,854,109 shares of the technology company’s stock valued at $259,649,000 after buying an additional 359,868 shares during the period. Swedbank boosted its stake in IBM by 214.6% during the third quarter. Swedbank now owns 1,123,724 shares of the technology company’s stock valued at $169,918,000 after buying an additional 766,478 shares during the period. Aperio Group LLC boosted its stake in IBM by 9.0% during the third quarter. Aperio Group LLC now owns 454,228 shares of the technology company’s stock valued at $68,684,000 after buying an additional 37,393 shares during the period. Nisa Investment Advisors LLC boosted its stake in IBM by 3.6% during the third quarter. Nisa Investment Advisors LLC now owns 320,951 shares of the technology company’s stock valued at $48,531,000 after buying an additional 11,129 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its stake in IBM by 4.3% during the second quarter. Tocqueville Asset Management L.P. now owns 205,622 shares of the technology company’s stock valued at $28,725,000 after buying an additional 8,571 shares during the period. 55.39% of the stock is owned by hedge funds and other institutional investors.
International Business Machines Corporation operates as an integrated technology and services company worldwide. Its Cognitive Solutions segment offers Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers.
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