Analysts expect IBM (NYSE:IBM) to announce earnings of $2.37 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for IBM’s earnings, with estimates ranging from $2.17 to $2.49. IBM reported earnings per share of $2.38 in the same quarter last year, which suggests a negative year-over-year growth rate of 0.4%. The firm is scheduled to report its next quarterly earnings results on Tuesday, April 17th.
On average, analysts expect that IBM will report full year earnings of $13.83 per share for the current fiscal year, with EPS estimates ranging from $13.75 to $14.00. For the next financial year, analysts expect that the firm will report earnings of $14.12 per share, with EPS estimates ranging from $13.50 to $14.55. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for IBM.
IBM (NYSE:IBM) last posted its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, topping the consensus estimate of $5.17 by $0.01. IBM had a net margin of 7.27% and a return on equity of 69.48%. The firm had revenue of $22.54 billion for the quarter, compared to the consensus estimate of $22.03 billion. During the same period last year, the firm posted $5.01 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year.
Several brokerages have recently issued reports on IBM. Cantor Fitzgerald restated a “hold” rating and issued a $152.00 target price on shares of IBM in a report on Friday, January 19th. Zacks Investment Research cut shares of IBM from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. JPMorgan Chase set a $167.00 target price on shares of IBM and gave the stock a “neutral” rating in a report on Friday, January 19th. Goldman Sachs set a $170.00 target price on shares of IBM and gave the stock a “neutral” rating in a report on Friday, January 19th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $180.00 target price on shares of IBM in a report on Friday, January 19th. Six investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $166.01.
Shares of IBM stock traded down $3.46 on Friday, hitting $150.57. The stock had a trading volume of 3,672,919 shares, compared to its average volume of 4,293,600. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.29 and a current ratio of 1.33. IBM has a one year low of $139.13 and a one year high of $172.93. The stock has a market capitalization of $138,700.28, a price-to-earnings ratio of 10.91, a P/E/G ratio of 2.20 and a beta of 0.90.
The firm also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Stockholders of record on Friday, February 9th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Thursday, February 8th. IBM’s dividend payout ratio (DPR) is presently 43.48%.
In other news, insider Diane J. Gherson sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.00, for a total transaction of $780,000.00. Following the sale, the insider now owns 20,581 shares in the company, valued at approximately $3,210,636. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Frederick H. Waddell bought 610 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were acquired at an average price of $163.38 per share, for a total transaction of $99,661.80. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Private Capital Management Inc. raised its position in shares of IBM by 71.3% in the 3rd quarter. Private Capital Management Inc. now owns 3,425 shares of the technology company’s stock worth $497,000 after purchasing an additional 1,425 shares during the last quarter. Caxton Associates LP raised its position in shares of IBM by 23.5% in the 2nd quarter. Caxton Associates LP now owns 4,200 shares of the technology company’s stock worth $646,000 after purchasing an additional 800 shares during the last quarter. Intl Fcstone Inc. purchased a new position in shares of IBM in the 2nd quarter worth about $1,116,000. Adviser Investments LLC raised its position in shares of IBM by 8.2% in the 3rd quarter. Adviser Investments LLC now owns 12,714 shares of the technology company’s stock worth $1,845,000 after purchasing an additional 965 shares during the last quarter. Finally, Parnassus Investments CA raised its position in shares of IBM by 1.6% in the 3rd quarter. Parnassus Investments CA now owns 1,637,500 shares of the technology company’s stock worth $237,569,000 after purchasing an additional 25,500 shares during the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.
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IBM Company Profile
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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