Wedbush Analysts Raise Earnings Estimates for International Business Machines Corp. (IBM)

International Business Machines Corp. (NYSE:IBM) – Equities researchers at Wedbush increased their FY2017 earnings per share (EPS) estimates for International Business Machines in a research report issued on Tuesday. Wedbush analyst M. Katri now expects that the technology company will post earnings per share of $13.79 for the year, up from their prior forecast of $13.76. Wedbush also issued estimates for International Business Machines’ Q4 2018 earnings at $5.11 EPS, FY2018 earnings at $13.89 EPS, Q2 2019 earnings at $3.26 EPS and FY2019 earnings at $14.32 EPS.

International Business Machines (NYSE:IBM) last issued its earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The business had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $3.29 earnings per share.

A number of other brokerages have also commented on IBM. BMO Capital Markets restated a “hold” rating on shares of International Business Machines in a research note on Thursday. Societe Generale set a $152.00 price objective on International Business Machines and gave the stock a “sell” rating in a research note on Friday. Zacks Investment Research upgraded International Business Machines from a “sell” rating to a “hold” rating in a research note on Wednesday. Berenberg Bank set a $125.00 price objective on International Business Machines and gave the stock a “sell” rating in a research note on Wednesday, October 18th. Finally, Vetr lowered International Business Machines from a “buy” rating to a “hold” rating and set a $160.68 price objective for the company. in a research note on Thursday, October 19th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $159.70.

International Business Machines (IBM) opened at $164.20 on Wednesday. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36. The company has a market capitalization of $152,010.00, a price-to-earnings ratio of 13.71, a P/E/G ratio of 2.36 and a beta of 0.94. International Business Machines has a 12 month low of $139.13 and a 12 month high of $182.79.

Institutional investors have recently bought and sold shares of the stock. Herndon Capital Management LLC lifted its stake in International Business Machines by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after buying an additional 195 shares during the period. Edge Wealth Management LLC raised its position in shares of International Business Machines by 5.6% during the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after purchasing an additional 40 shares during the period. ETF Managers Group LLC acquired a new stake in shares of International Business Machines during the second quarter worth about $121,000. Peddock Capital Advisors LLC raised its position in shares of International Business Machines by 7.3% during the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after purchasing an additional 62 shares during the period. Finally, Horan Capital Advisors LLC. acquired a new stake in shares of International Business Machines during the third quarter worth about $136,000. Institutional investors and hedge funds own 57.11% of the company’s stock.

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About International Business Machines

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.

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

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