Zacks: Analysts Expect International Business Machines Co. (NYSE: IBM) to Report Quarterly Sales of $13.73 Billion


Stock analysts predict that International Business Machines Co. (NYSE:IBM – Get Rating) will post sales of $13.73 billion for the current quarter, according to Zacks Investment Research. Four analysts have released earnings estimates for International Business Machines, with the highest sales estimate at $13.91 billion and the lowest estimate at $13.50 billion. International Business Machines recorded sales of $17.73 billion in the same quarter last year, indicating a negative growth rate of 22.6% year-over-year. The company is expected to release its next quarterly results after the market closes on Monday, January 1.

On average, analysts expect International Business Machines to report annual revenue of $60.55 billion in the current fiscal year, with estimates ranging from $60.24 billion to 61, 01 billion. For the next fiscal year, analysts expect the company to post sales of $63.13 billion, with estimates ranging from $62.37 billion to $64.55 billion. Zacks sales averages are an average average based on a survey of research companies that track International Business Machines.

International Business Machines (NYSE:IBM – Get Rating) last reported quarterly earnings data on Monday, January 24. The technology company reported earnings per share (EPS) of $3.35 for the quarter, missing Thomson Reuters’ consensus estimate of $3.39 per ($0.04). International Business Machines had a return on equity of 42.49% and a net margin of 8.11%. The company posted revenue of $16.70 billion for the quarter, versus a consensus estimate of $15.96 billion. In the same quarter last year, the company earned earnings per share of $2.07. The company’s revenue for the quarter increased by 6.5% compared to the same quarter last year.

A number of research firms have recently published reports on IBM. StockNews.com picked up coverage from International Business Machines in a Thursday, March 31 report. They set a “buy” rating on the stock. Zacks Investment Research has downgraded International Business Machines from a “buy” rating to a “hold” rating and has set a price target of $140.00 for the company. in a report on Tuesday, April 5. UBS Group reduced its price target on International Business Machines from $124.00 to $118.00 in a Tuesday, January 25 research note. Morgan Stanley upgraded International Business Machines from an “equal weight” rating to an “overweight” rating and raised its price target for the stock from $147.00 to $150.00 in a research report on Wednesday . Finally, the Goldman Sachs group began covering International Business Machines in a research report on Sunday, January 9. They have set a “neutral” rating and a price target of $140.00 on the stock. One equity research analyst gave the stock a sell rating, five gave the company a hold rating and six gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.27.

IBM shares were up $0.42 during Monday trading hours, hitting $126.56. 6,384,180 shares of the company have been traded, compared to its average volume of 3,702,631. The company has a market capitalization of $113.82 billion, a price/earnings ratio of 19.93, a P/ E/G of 1.16 and a beta of 1.10. The company has a debt ratio of 2.36, a current ratio of 0.88 and a quick ratio of 0.83. International Business Machines has a 12-month low of $114.56 and a 12-month high of $152.84. The company’s fifty day simple moving average is $127.66 and its two hundred day simple moving average is $129.00.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 10. Shareholders of record on Friday, February 11 received a dividend of $1.64 per share. This represents an annualized dividend of $6.56 and a yield of 5.18%. The ex-dividend date was Thursday, February 10. International Business Machines’ payout ratio is currently 103.31%.

Institutional investors have recently changed their stock portfolios. IFS Advisors LLC acquired a new position in International Business Machines during Q4 worth approximately $28,000. Richwood Investment Advisors LLC bought a new position in International Business Machines in the fourth quarter worth about $30,000. Ulland Investment Advisors LLC acquired a new position in International Business Machines in the fourth quarter worth approximately $32,000. Total Clarity Wealth Management Inc. increased its stake in International Business Machines by 537.5% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 255 shares of the technology company valued at $34,000 after acquiring an additional 215 shares during the period. Finally, Simon Quick Advisors LLC increased its stake in International Business Machines by 61.3% during the 3rd quarter. Simon Quick Advisors LLC now owns 263 shares of the technology company valued at $36,000 after acquiring 100 additional shares during the period. 54.91% of the shares are held by institutional investors and hedge funds.

About International Trade Machines (Get a rating)

International Business Machines Corporation provides integrated solutions and services worldwide. The Company operates through four business segments: Software, Consulting, Infrastructure and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open source solution; enterprise automation software, AIOps and management, integration and application servers; data and artificial intelligence solutions; and security software and services for threats, data and identity.

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James G. Williams