IBM (IBM) Releases FY18 Earnings Guidance

IBM (NYSE:IBM) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of at least $13.80 for the period, compared to the Thomson Reuters consensus estimate of $13.84.

Several brokerages recently weighed in on IBM. Pivotal Research set a $180.00 price objective on shares of IBM and gave the stock a buy rating in a research note on Monday. Zacks Investment Research cut shares of IBM from a hold rating to a sell rating in a research note on Wednesday, April 11th. Bank of America reissued a buy rating and issued a $200.00 price objective on shares of IBM in a research note on Monday, March 26th. BMO Capital Markets reaffirmed a hold rating and set a $175.00 price target on shares of IBM in a research report on Friday, March 9th. Finally, Morgan Stanley cut shares of IBM from an equal weight rating to an underweight rating and upped their price target for the company from $200.00 to $205.00 in a research report on Tuesday, January 23rd. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $166.01.

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Shares of NYSE IBM traded up $3.02 during trading on Tuesday, hitting $160.91. 9,913,087 shares of the company traded hands, compared to its average volume of 5,453,555. IBM has a fifty-two week low of $139.13 and a fifty-two week high of $171.69. The firm has a market capitalization of $144,356.22, a P/E ratio of 11.66, a P/E/G ratio of 2.29 and a beta of 0.90. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 2.25.

IBM (NYSE:IBM) last announced its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, beating 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 analyst estimates of $22.03 billion. During the same quarter in the prior year, the business earned $5.01 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. equities research analysts forecast that IBM will post 13.83 EPS for the current year.

In related news, insider Diane J. Gherson sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $156.00, for a total value of $780,000.00. Following the sale, the insider now owns 20,581 shares in the company, valued at approximately $3,210,636. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick H. Waddell bought 610 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was 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. 0.17% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of IBM. Vanguard Group Inc. raised its holdings in shares of IBM by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock worth $9,572,538,000 after acquiring an additional 2,241,818 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of IBM by 151.2% in the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock worth $499,955,000 after acquiring an additional 1,956,033 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of IBM by 1,155.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after acquiring an additional 1,249,916 shares during the last quarter. BlackRock Inc. raised its holdings in shares of IBM by 2.4% in the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock worth $8,143,204,000 after acquiring an additional 1,241,441 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of IBM by 34.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,720,300 shares of the technology company’s stock worth $418,464,000 after acquiring an additional 696,600 shares during the last quarter. Institutional investors own 57.01% 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.

Earnings History and Estimates for IBM (NYSE:IBM)

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