International Business Machines Corp. (IBM) Forecasted to Earn FY2017 Earnings of $13.84 Per Share

International Business Machines Corp. (NYSE:IBM) – Stock analysts at Cantor Fitzgerald issued their FY2017 earnings per share (EPS) estimates for International Business Machines in a research report issued to clients and investors on Thursday. Cantor Fitzgerald analyst J. Foresi expects that the technology company will post earnings per share of $13.84 for the year. Cantor Fitzgerald currently has a “Hold” rating and a $154.00 target price on the stock.

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

A number of other equities research analysts have also recently weighed in on IBM. Societe Generale set a $152.00 price objective on International Business Machines and gave the company a “sell” rating in a research note on Friday. BMO Capital Markets reaffirmed a “hold” rating and issued a $175.00 price objective on shares of International Business Machines in a research note on Thursday, January 11th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “hold” rating on shares of International Business Machines in a research note on Wednesday, October 18th. ValuEngine raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $160.00 price objective (up from $152.00) on shares of International Business Machines in a research note on Wednesday, October 18th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $159.90.

Shares of International Business Machines (NYSE IBM) opened at $163.14 on Monday. International Business Machines has a one year low of $139.13 and a one year high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $151,030.00, a price-to-earnings ratio of 13.62, a PEG ratio of 2.38 and a beta of 0.94.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Herndon Capital Management LLC boosted its position in shares of International Business Machines by 39.0% during the 2nd quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock worth $107,000 after acquiring an additional 195 shares in the last quarter. Edge Wealth Management LLC boosted its position in shares of International Business Machines by 5.6% during the 2nd quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock worth $117,000 after acquiring an additional 40 shares in the last quarter. ETF Managers Group LLC acquired a new position in shares of International Business Machines during the 2nd quarter worth about $121,000. Peddock Capital Advisors LLC boosted its position in shares of International Business Machines by 7.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock worth $140,000 after acquiring an additional 62 shares in the last quarter. Finally, Horan Capital Advisors LLC. acquired a new position in shares of International Business Machines during the 3rd quarter worth about $136,000. 57.12% of the stock is owned by hedge funds and other institutional investors.

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International Business Machines 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.

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

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