Brokers expect International Business Machines Co. (NYSE:IBM – Get Rating) to report earnings of $2.28 per share for the current fiscal quarter, reports Zacks Investment Research. Four analysts provided earnings estimates for International Business Machines. The lowest EPS estimate is $2.25 and the highest is $2.38. International Business Machines posted earnings per share of $2.33 in the same quarter last year, which would indicate a negative growth rate of 2.1% year over year. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect International Business Machines to report annual earnings of $9.89 per share for the current year, with EPS estimates ranging from $9.71 to $10.10. For the next fiscal year, analysts expect the company to post earnings of $10.81 per share, with EPS estimates ranging from $10.27 to $11.57. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts who provide coverage for International Business Machines.
International Business Machines (NYSE:IBM – Get Rating) last reported quarterly results on Tuesday, April 19. The technology company reported EPS of $1.40 for the quarter, beating Thomson Reuters consensus estimate of $1.38 by $0.02. International Business Machines achieved a net margin of 8.21% and a return on equity of 42.14%. The company posted revenue of $14.20 billion for the quarter, versus analyst estimates of $13.84 billion. During the same period last year, the company achieved EPS of $1.77. International Business Machines revenue for the quarter increased 7.7% compared to the same quarter last year.
Several research analysts have published reports on IBM shares. BMO Capital Markets raised its price target on shares of International Business Machines from $148.00 to $152.00 and gave the stock a “market performance” rating in a Wednesday 20 research report. april. Bank of America raised its price target on shares of International Business Machines from $162.00 to $165.00 and gave the stock a “buy” rating in a Wednesday, April 20 research report. Tigress Financial raised its price target on shares of International Business Machines from $133.00 to $139.00 and gave the stock a “neutral” rating in a Thursday, April 21 research report. Goldman Sachs Group assumed coverage of International Business Machines shares in a Sunday, Jan. 9 research report. They have set a “neutral” rating and a price target of $140.00 on the stock. Finally, StockNews.com took over coverage of International Business Machines stocks in a Thursday, March 31 report. They issued a “buy” rating on the stock. One research analyst rated the stock with a sell rating, six assigned a hold rating, and seven assigned the company a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $146.69.
A number of hedge funds have recently increased or reduced their holdings in the stock. Alaska Permanent Fund Corp increased its holdings in International Business Machines by 0.8% in the first quarter. Alaska Permanent Fund Corp now owns 17,636 shares of the technology company worth $2,293,000 after buying 136 more shares last quarter. West Bancorporation Inc. increased its position in shares of International Business Machines by 31.9% in the first quarter. West Bancorporation Inc. now owns 4,088 shares of the technology company valued at $532,000 after buying 988 additional shares in the last quarter. Vanguard Capital Wealth Advisors increased its position in shares of International Business Machines by 13.8% in the first quarter. Vanguard Capital Wealth Advisors now owns 2,575 shares of the technology company valued at $334,000 after buying 312 additional shares in the last quarter. Hills Bank & Trust Co increased its position in shares of International Business Machines by 1.5% in the first quarter. Hills Bank & Trust Co now owns 9,932 shares of the technology company valued at $1,291,000 after buying 147 additional shares in the last quarter. Finally, Capital Advisory Group Advisory Services LLC increased its position in International Business Machines shares by 8.6% in the first quarter. Capital Advisory Group Advisory Services LLC now owns 6,290 shares of the technology company valued at $818,000 after buying 496 additional shares in the last quarter. 54.91% of the shares are currently held by hedge funds and other institutional investors.
NYSE:IBM shares opened at $132.21 on Friday. International Business Machines has a 12-month low of $114.56 and a 12-month high of $152.84. The company has a debt ratio of 2.44, a current ratio of 0.92 and a quick ratio of 0.87. The company has a market capitalization of $118.91 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.52 and a beta of 1.10. The company’s fifty-day moving average price is $128.58 and its 200-day moving average price is $128.43.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 10. Investors of record on Tuesday, May 10 will receive a dividend of $1.65 per share. The ex-dividend date is Monday, May 9. This represents a dividend of $6.60 on an annualized basis and a yield of 4.99%. This is an increase from International Business Machines’ previous quarterly dividend of $1.64. International Business Machines’ payout ratio is currently 107.54%.
International Business Machines Company Profile (Get an evaluation)
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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