International Business Machines Corporation (IBM) Releases FY17 Earnings Guidance

International Business Machines Corporation (NYSE:IBM) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of at least $13.80 for the period, compared to the Thomson Reuters consensus estimate of $13.75.

Several equities research analysts have recently issued reports on IBM shares. Stifel Nicolaus reiterated a buy rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research report on Friday, July 21st. Cantor Fitzgerald reiterated a hold rating and set a $154.00 price objective on shares of International Business Machines Corporation in a research report on Friday, October 13th. BidaskClub upgraded shares of International Business Machines Corporation from a strong sell rating to a sell rating in a research report on Saturday, August 26th. Vetr raised shares of International Business Machines Corporation from a sell rating to a hold rating and set a $150.26 target price for the company in a research note on Monday, July 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $170.00 target price on shares of International Business Machines Corporation and gave the company a neutral rating in a research note on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $158.06.

Shares of International Business Machines Corporation (IBM) traded up 0.07% during mid-day trading on Thursday, hitting $153.60. The company’s stock had a trading volume of 4,299,613 shares. The stock has a 50-day moving average of $147.94 and a 200-day moving average of $150.82. International Business Machines Corporation has a 12-month low of $139.13 and a 12-month high of $182.79. The company has a market cap of $142.76 billion, a PE ratio of 12.81 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a return on equity of 68.68% and a net margin of 14.43%. The company had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. During the same period last year, the company earned $3.29 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. On average, equities research analysts forecast that International Business Machines Corporation will post $13.80 EPS for the current year.

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Several institutional investors have recently bought and sold shares of IBM. Vanguard Group Inc. increased its stake in International Business Machines Corporation by 3.7% during 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 period. Nordea Investment Management AB increased its stake in International Business Machines Corporation by 151.2% during 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 period. Janus Henderson Group PLC increased its stake in International Business Machines Corporation by 1,155.3% during 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 period. BlackRock Inc. increased its stake in International Business Machines Corporation by 2.4% during 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 period. Finally, Renaissance Technologies LLC increased its stake in International Business Machines Corporation by 34.4% during the second quarter. Renaissance Technologies LLC now owns 2,720,300 shares of the technology company’s stock valued at $418,464,000 after acquiring an additional 696,600 shares during the period. Institutional investors and hedge funds own 57.83% of the company’s stock.

About International Business Machines Corporation

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.

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

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