Analysts Expect International Business Machines Corporation (IBM) to Announce $3.28 EPS

Equities analysts expect that International Business Machines Corporation (NYSE:IBM) will post earnings of $3.28 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for International Business Machines Corporation’s earnings, with the lowest EPS estimate coming in at $3.25 and the highest estimate coming in at $3.33. International Business Machines Corporation reported earnings of $3.29 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 0.3%. The firm is expected to report its next earnings results on Monday, October 16th.

On average, analysts expect that International Business Machines Corporation will report full year earnings of $13.78 per share for the current fiscal year, with EPS estimates ranging from $13.65 to $13.85. For the next financial year, analysts expect that the company will post earnings of $13.89 per share, with EPS estimates ranging from $13.49 to $14.42. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow International Business Machines Corporation.

International Business Machines Corporation (NYSE:IBM) last announced its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The firm had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same period in the prior year, the company earned $2.95 EPS. The firm’s revenue was down 4.7% on a year-over-year basis.

A number of research analysts have recently weighed in on the stock. UBS AG restated a “hold” rating and set a $152.00 price target on shares of International Business Machines Corporation in a report on Tuesday, September 5th. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Vetr upgraded shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.93 price target on the stock in a report on Thursday, August 24th. Morgan Stanley restated an “overweight” rating and set a $192.00 price target on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $160.00 price target on shares of International Business Machines Corporation in a report on Friday, August 18th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $157.12.

ILLEGAL ACTIVITY WARNING: “Analysts Expect International Business Machines Corporation (IBM) to Announce $3.28 EPS” was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://sportsperspectives.com/2017/09/11/analysts-expect-international-business-machines-corporation-ibm-to-announce-3-28-eps.html.

Several large investors have recently modified their holdings of IBM. Bremer Trust National Association grew its position in shares of International Business Machines Corporation by 2.8% during the 1st quarter. Bremer Trust National Association now owns 4,030 shares of the technology company’s stock worth $701,000 after buying an additional 108 shares during the period. TNB Financial acquired a new position in International Business Machines Corporation during the first quarter valued at approximately $1,323,000. ELM Advisors LLC grew its holdings in International Business Machines Corporation by 2.6% during the first quarter. ELM Advisors LLC now owns 6,917 shares of the technology company’s stock valued at $1,205,000 after purchasing an additional 175 shares during the period. Private Trust Co. NA grew its holdings in International Business Machines Corporation by 13.5% during the first quarter. Private Trust Co. NA now owns 16,103 shares of the technology company’s stock valued at $2,804,000 after purchasing an additional 1,910 shares during the period. Finally, Campbell Newman Asset Management Inc. grew its holdings in International Business Machines Corporation by 1.6% during the first quarter. Campbell Newman Asset Management Inc. now owns 77,450 shares of the technology company’s stock valued at $13,487,000 after purchasing an additional 1,241 shares during the period. Institutional investors own 57.94% of the company’s stock.

Shares of International Business Machines Corporation (NYSE:IBM) traded up 1.69% during mid-day trading on Friday, reaching $144.86. 4,610,986 shares of the company were exchanged. International Business Machines Corporation has a 12 month low of $139.13 and a 12 month high of $182.79. The company has a market capitalization of $135.00 billion, a price-to-earnings ratio of 12.02 and a beta of 0.97. The firm’s 50-day moving average is $143.16 and its 200-day moving average is $157.38.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is 49.88%.

International Business Machines Corporation 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.

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

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

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

Receive News & Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply