International Business Machines (IBM) Set to Announce Earnings on Thursday

International Business Machines (NYSE:IBM) will be announcing its earnings results after the market closes on Thursday, January 18th. Analysts expect the company to announce earnings of $5.17 per share for the quarter.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. International Business Machines’s revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the firm earned $3.29 EPS. On average, analysts expect International Business Machines to post $14 EPS for the current fiscal year and $14 EPS for the next fiscal year.

International Business Machines (NYSE:IBM) opened at $163.14 on Tuesday. The company has a market cap of $151,030.00, a P/E ratio of 13.62, a P/E/G ratio of 2.38 and a beta of 0.94. International Business Machines has a fifty-two week low of $139.13 and a fifty-two week 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.

Several research analysts recently commented on IBM shares. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $154.00 price objective on shares of International Business Machines in a report on Friday, October 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $182.00 price objective on shares of International Business Machines in a report on Friday, October 6th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $160.00 price objective on shares of International Business Machines in a report on Wednesday, November 15th. Goldman Sachs Group set a $170.00 price objective on shares of International Business Machines and gave the stock a “neutral” rating in a report on Wednesday, October 18th. Finally, Vetr raised shares of International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 price objective for the company in a report on Wednesday, December 6th. 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 stock. International Business Machines currently has a consensus rating of “Hold” and a consensus target price of $159.90.

Several institutional investors have recently bought and sold shares of IBM. Vanguard Group Inc. raised its position in shares of International Business Machines by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after buying an additional 2,241,818 shares in the last quarter. Nordea Investment Management AB raised its position in shares of International Business Machines by 151.2% during the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after buying an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of International Business Machines by 1,155.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock valued at $208,923,000 after buying an additional 1,249,916 shares in the last quarter. BlackRock Inc. raised its position in shares of International Business Machines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after buying an additional 1,241,441 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of International Business Machines by 34.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,720,300 shares of the technology company’s stock valued at $418,464,000 after buying an additional 696,600 shares in the last quarter. Hedge funds and other institutional investors own 57.12% of the company’s stock.

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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 for International Business Machines (NYSE:IBM)

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