Analysts Expect International Business Machines Corp. (IBM) to Announce $2.37 Earnings Per Share

Wall Street brokerages expect International Business Machines Corp. (NYSE:IBM) to post $2.37 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for International Business Machines’ earnings, with the lowest EPS estimate coming in at $2.17 and the highest estimate coming in at $2.49. International Business Machines posted earnings per share of $2.38 in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.4%. The firm is expected to issue its next quarterly earnings report on Tuesday, April 17th.

According to Zacks, analysts expect that International Business Machines will report full-year earnings of $13.83 per share for the current year, with EPS estimates ranging from $13.75 to $14.00. For the next year, analysts expect that the firm will post earnings of $14.12 per share, with EPS estimates ranging from $13.50 to $14.55. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover International Business Machines.

International Business Machines (NYSE:IBM) last released its earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping analysts’ consensus estimates of $5.17 by $0.01. International Business Machines had a return on equity of 69.48% and a net margin of 7.27%. The firm had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. During the same period in the prior year, the firm posted $5.01 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis.

A number of research analysts have recently issued reports on the company. Morgan Stanley downgraded International Business Machines from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $200.00 to $205.00 in a report on Tuesday, January 23rd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $152.00 price target on shares of International Business Machines in a report on Friday, January 19th. Royal Bank of Canada reaffirmed a “buy” rating and set a $180.00 price target on shares of International Business Machines in a report on Friday, January 19th. Societe Generale set a $149.00 price target on International Business Machines and gave the company a “sell” rating in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. set a $167.00 price target on International Business Machines and gave the company a “neutral” rating in a report on Friday, January 19th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $164.37.

In related news, Director Frederick H. Waddell purchased 610 shares of International Business Machines stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $163.38 per share, for a total transaction of $99,661.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.23% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of IBM. Hugh Johnson Advisors LLC grew its position in shares of International Business Machines by 0.9% during the second quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock worth $216,000 after purchasing an additional 12 shares in the last quarter. Rench Wealth Management Inc. grew its position in shares of International Business Machines by 1.0% during the second quarter. Rench Wealth Management Inc. now owns 1,486 shares of the technology company’s stock worth $229,000 after purchasing an additional 14 shares in the last quarter. Altavista Wealth Management Inc. grew its position in shares of International Business Machines by 0.7% during the second quarter. Altavista Wealth Management Inc. now owns 2,193 shares of the technology company’s stock worth $337,000 after purchasing an additional 15 shares in the last quarter. Good Life Advisors LLC grew its position in shares of International Business Machines by 0.6% during the second quarter. Good Life Advisors LLC now owns 2,953 shares of the technology company’s stock worth $454,000 after purchasing an additional 17 shares in the last quarter. Finally, Armor Investment Advisors LLC grew its position in shares of International Business Machines by 0.4% during the second quarter. Armor Investment Advisors LLC now owns 4,624 shares of the technology company’s stock worth $711,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 58.78% of the company’s stock.

International Business Machines (NYSE:IBM) traded down $0.78 during midday trading on Friday, hitting $153.18. The stock had a trading volume of 4,019,720 shares, compared to its average volume of 6,560,000. The stock has a market capitalization of $141,810.00, a PE ratio of 12.70, a P/E/G ratio of 2.27 and a beta of 0.94. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33. International Business Machines has a 52-week low of $139.13 and a 52-week high of $182.55.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, February 8th. International Business Machines’s payout ratio is 49.75%.

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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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