Zacks: Brokerages Anticipate International Business Machines Co. (NYSE:IBM) to Post $2.48 Earnings Per Share

Analysts expect that International Business Machines Co. (NYSE:IBM) will report earnings per share of $2.48 for the current quarter, according to Zacks. Four analysts have made estimates for International Business Machines’ earnings, with the highest EPS estimate coming in at $2.60 and the lowest estimate coming in at $2.37. International Business Machines posted earnings per share of $2.58 in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.9%. The business is scheduled to announce its next earnings results on Monday, October 18th.

On average, analysts expect that International Business Machines will report full-year earnings of $10.83 per share for the current year, with EPS estimates ranging from $10.62 to $11.03. For the next financial year, analysts expect that the firm will post earnings of $11.80 per share, with EPS estimates ranging from $11.38 to $12.16. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow International Business Machines.

International Business Machines (NYSE:IBM) last released its earnings results on Sunday, July 18th. The technology company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.29 by $0.04. International Business Machines had a net margin of 7.17% and a return on equity of 36.79%. The business had revenue of $18.75 billion during the quarter, compared to analyst estimates of $18.30 billion. During the same period in the prior year, the business earned $2.18 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis.

(Ad)

This guide will help you evaluate and analyze your trading plan to create a custom options trading strategy tailored to your risk profile and market outlook. Learn how to take your trading to the next level.

IBM has been the subject of several research analyst reports. Citigroup upped their price target on shares of International Business Machines from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, July 20th. Stifel Nicolaus upped their price target on shares of International Business Machines from $147.00 to $151.00 and gave the company a “buy” rating in a research report on Tuesday, April 20th. Morgan Stanley upped their price target on shares of International Business Machines from $152.00 to $164.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 20th. Credit Suisse Group upped their price objective on shares of International Business Machines from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Tuesday, April 20th. Finally, BMO Capital Markets upped their price objective on shares of International Business Machines from $150.00 to $155.00 and gave the company a “market perform” rating in a research note on Friday, July 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $149.63.

Institutional investors and hedge funds have recently made changes to their positions in the company. Oxler Private Wealth LLC acquired a new position in shares of International Business Machines during the 4th quarter worth $25,000. Better Money Decisions LLC acquired a new position in shares of International Business Machines during the 1st quarter worth $27,000. Sage Private Wealth Group LLC acquired a new position in shares of International Business Machines during the 4th quarter worth $31,000. AGF Investments LLC increased its stake in shares of International Business Machines by 369.1% during the 1st quarter. AGF Investments LLC now owns 258 shares of the technology company’s stock worth $34,000 after purchasing an additional 203 shares during the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new position in International Business Machines in the 4th quarter valued at $35,000. Institutional investors own 54.82% of the company’s stock.

Shares of NYSE:IBM traded up $1.41 during mid-day trading on Monday, hitting $142.75. The stock had a trading volume of 120,946 shares, compared to its average volume of 5,790,802. The company has a current ratio of 0.84, a quick ratio of 0.88 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $127.55 billion, a P/E ratio of 24.05, a PEG ratio of 1.60 and a beta of 1.23. International Business Machines has a 12-month low of $105.92 and a 12-month high of $152.84. The firm’s 50 day simple moving average is $144.18.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Monday, May 10th were paid a dividend of $1.64 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.63. The ex-dividend date was Friday, May 7th. This represents a $6.56 annualized dividend and a dividend yield of 4.60%. International Business Machines’s dividend payout ratio is 75.66%.

About International Business Machines

International Business Machines Corp. is an information technology company, which provides integrated solutions that leverage information technology and knowledge of business processes. It operates through the following segments: Cloud and Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing.

Read More: What is Green Investing?

Get a free copy of the Zacks research report on International Business Machines (IBM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Learning About the VIX – Volatility Index

7 Stocks That Would Make Great Graduation Gifts

Graduations are often seen as an ending. But they also have the potential to be an exciting new beginning. We may be biased, but we believe an ideal way to launch your graduate into the world is by helping them begin their investing education. And one way to help them do that is by having them invest in what they know.

This current crop of graduates has never lived in a world without things like iPhones, the internet, and they were the generation that likely had smartphones when they were in high school. This is a generation that has embraced and demanded relentless technological innovation. And they have rewarded the companies that have delivered.

Now it’s time to reward them, and maybe yourself as well. In this special presentation, we’ll take a look at seven stocks that would make ideal graduation gifts. Each of these stocks has a lesson(s) for graduates to take throughout their lives and careers.

View the “7 Stocks That Would Make Great Graduation Gifts”.